Mirae Asset Global Investments Co. Ltd. cut its position in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 0.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 461,282 shares of the company’s stock after selling 4,204 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.11% of Yum China worth $26,062,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of YUMC. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Yum China by 140.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 250,975 shares of the company’s stock valued at $10,187,000 after purchasing an additional 146,410 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Yum China by 2.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,843 shares of the company’s stock worth $907,000 after purchasing an additional 528 shares during the period. Cetera Advisor Networks LLC raised its stake in Yum China by 7.5% in the first quarter. Cetera Advisor Networks LLC now owns 12,533 shares of the company’s stock valued at $521,000 after buying an additional 871 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Yum China in the first quarter valued at approximately $418,000. Finally, Rhumbline Advisers boosted its position in Yum China by 5.3% during the first quarter. Rhumbline Advisers now owns 407,659 shares of the company’s stock worth $16,934,000 after purchasing an additional 20,676 shares during the period. Institutional investors and hedge funds own 73.91% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on YUMC. HSBC boosted their price objective on shares of Yum China from $77.90 to $79.20 and gave the company a “buy” rating in a report on Tuesday, September 19th. StockNews.com downgraded Yum China from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Jefferies Financial Group raised Yum China from a “hold” rating to a “buy” rating and lifted their price objective for the company from $65.78 to $71.30 in a report on Thursday, September 21st. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.25.
Yum China Stock Performance
NYSE YUMC opened at $46.27 on Tuesday. Yum China Holdings, Inc. has a 1 year low of $41.48 and a 1 year high of $64.70. The firm has a market capitalization 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. The company has a current ratio of 1.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.25. The firm’s 50 day simple moving average is $51.68 and its 200 day simple moving average is $55.33.
Yum China (NYSE:YUMC – Get Free Report) last posted its earnings results on Tuesday, October 31st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company posted $0.49 EPS. As a group, research analysts expect that Yum China Holdings, Inc. will post 1.94 earnings per share for the current fiscal year.
Yum China Dividend Announcement
The company 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. The ex-dividend date is Monday, November 27th. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. Yum China’s payout ratio is presently 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.
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