Krane Funds Advisors LLC raised its holdings in Yum China Holdings Inc (NYSE:YUMC) by 151.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 796 shares of the company’s stock after buying an additional 480 shares during the quarter. Krane Funds Advisors LLC’s holdings in Yum China were worth $36,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Vigilant Capital Management LLC grew its position in Yum China by 62.9% in the fourth quarter. Vigilant Capital Management LLC now owns 2,280 shares of the company’s stock worth $76,000 after acquiring an additional 880 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd acquired a new stake in shares of Yum China in the fourth quarter worth $1,398,000. New Silk Road Investment PTE Ltd. lifted its stake in shares of Yum China by 35.3% in the fourth quarter. New Silk Road Investment PTE Ltd. now owns 1,044,344 shares of the company’s stock worth $35,017,000 after buying an additional 272,700 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Yum China by 149.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,666 shares of the company’s stock worth $152,000 after buying an additional 2,792 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Yum China by 12.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 126,305 shares of the company’s stock worth $4,235,000 after buying an additional 14,300 shares during the last quarter. Hedge funds and other institutional investors own 78.20% of the company’s stock.
A number of brokerages have recently weighed in on YUMC. Zacks Investment Research cut shares of Yum China from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. UBS Group boosted their price objective on shares of Yum China from $46.07 to $56.06 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. TheStreet upgraded shares of Yum China from a “c+” rating to a “b” rating in a research note on Thursday, January 24th. OTR Global upgraded shares of Yum China to a “positive” rating in a research note on Thursday, April 11th. Finally, Bank of America upgraded shares of Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price objective for the company in a research note on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Yum China presently has a consensus rating of “Buy” and a consensus price target of $47.88.
Shares of Yum China stock opened at $42.77 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.30 and a debt-to-equity ratio of 0.01. Yum China Holdings Inc has a 1-year low of $30.10 and a 1-year high of $48.27. The firm has a market capitalization of $16.13 billion, a PE ratio of 27.95, a PEG ratio of 2.61 and a beta of 0.81.
Yum China (NYSE:YUMC) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.07. Yum China had a net margin of 7.55% and a return on equity of 20.36%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the company earned $0.53 earnings per share. Yum China’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts anticipate that Yum China Holdings Inc will post 1.68 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, May 28th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Friday, May 24th. Yum China’s payout ratio is currently 31.37%.
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Yum China Company Profile
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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