Toronto Dominion Bank Raises Position in Yum China Holdings, Inc. (NYSE:YUMC)

Toronto Dominion Bank lifted its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 26.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,316 shares of the company’s stock after acquiring an additional 8,109 shares during the quarter. Toronto Dominion Bank’s holdings in Yum China were worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of YUMC. Farther Finance Advisors LLC increased its holdings in Yum China by 43.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 258 shares during the period. McClarren Financial Advisors Inc. increased its stake in shares of Yum China by 906.5% during the third quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock worth $42,000 after buying an additional 834 shares during the period. Eagle Bay Advisors LLC raised its holdings in Yum China by 53.7% in the second quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock valued at $34,000 after acquiring an additional 380 shares in the last quarter. National Bank of Canada FI lifted its stake in Yum China by 140.3% in the second quarter. National Bank of Canada FI now owns 1,490 shares of the company’s stock worth $45,000 after acquiring an additional 870 shares during the last quarter. Finally, Concord Wealth Partners grew its holdings in Yum China by 56.9% during the 3rd quarter. Concord Wealth Partners now owns 1,571 shares of the company’s stock worth $71,000 after acquiring an additional 570 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Yum China news, insider Duoduo (Howard) Huang sold 6,377 shares of Yum China stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $47.47, for a total value of $302,716.19. Following the transaction, the insider now directly owns 16,641 shares in the company, valued at approximately $789,948.27. This trade represents a 27.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

Yum China Stock Performance

NYSE YUMC opened at $49.56 on Monday. The company has a fifty day moving average of $46.89 and a two-hundred day moving average of $38.60. The company has a market capitalization of $18.82 billion, a PE ratio of 21.93, a P/E/G ratio of 1.76 and a beta of 0.36. Yum China Holdings, Inc. has a 1 year low of $28.50 and a 1 year high of $52.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.15.

Yum China (NYSE:YUMC) last released its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the business posted $0.59 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts expect that Yum China Holdings, Inc. will post 2.33 earnings per share for the current year.

Yum China Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 annualized dividend and a yield of 1.29%. Yum China’s dividend payout ratio (DPR) is 28.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Yum China from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $35.50 to $60.00 in a report on Tuesday, November 5th. Citigroup raised Yum China to a “strong-buy” rating in a report on Monday, September 30th. Finally, StockNews.com downgraded Yum China from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $51.68.

About Yum China

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.