Cary Street Partners Investment Advisory LLC lifted its holdings in Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 102.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,180 shares of the company’s stock after buying an additional 2,618 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Yum China were worth $293,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Avantax Advisory Services Inc. boosted its stake in shares of Yum China by 3.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,774 shares of the company’s stock valued at $366,000 after buying an additional 178 shares during the period. Concord Wealth Partners boosted its position in Yum China by 11.6% during the second quarter. Concord Wealth Partners now owns 1,735 shares of the company’s stock valued at $98,000 after purchasing an additional 181 shares during the last quarter. Fisher Asset Management LLC grew its stake in Yum China by 1.2% in the second quarter. Fisher Asset Management LLC now owns 15,325 shares of the company’s stock valued at $865,000 after purchasing an additional 182 shares in the last quarter. Spire Wealth Management increased its position in Yum China by 9.2% in the 1st quarter. Spire Wealth Management now owns 2,295 shares of the company’s stock worth $145,000 after purchasing an additional 194 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Yum China by 0.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 31,962 shares of the company’s stock worth $1,806,000 after purchasing an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.
Analyst Upgrades and Downgrades
YUMC has been the topic of a number of research reports. HSBC increased their price objective on Yum China from $77.90 to $79.20 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Jefferies Financial Group upgraded shares of Yum China from a “hold” rating to a “buy” rating and raised their price target for the company from $65.78 to $71.30 in a report on Thursday, September 21st. Finally, StockNews.com cut shares of Yum China from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.25.
Yum China Trading Up 0.8 %
NYSE:YUMC opened at $46.27 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.59 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $51.68 and its 200-day moving average is $55.33. The firm has a market cap of $19.14 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 1.23 and a beta of 0.57. Yum China Holdings, Inc. has a 12 month low of $41.48 and a 12 month high of $64.70.
Yum China (NYSE:YUMC – Get Free Report) last released its earnings results on Tuesday, October 31st. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3.12 billion. Yum China had a return on equity of 10.91% and a net margin of 7.41%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. Equities analysts anticipate that Yum China Holdings, Inc. will post 1.94 EPS for the current year.
Yum China Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Monday, November 27th. Yum China’s dividend payout ratio (DPR) is currently 27.96%.
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, which sells electronics, home and kitchen accessories, and other general merchandise, as well as fried rice, steak, and pasta; and offers online food deliver services.
- Five stocks we like better than Yum China
- Do ETFs Pay Dividends? What You Need to Know
- Safeguard your portfolio with these three bargain stocks
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Membership clubs gain leverage for the consumer rebound
- 3 Tickers Leading a Meme Stock Revival
- Advanced Auto Parts may be worth more in pieces than the whole
Receive News & Ratings for Yum China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China and related companies with MarketBeat.com's FREE daily email newsletter.