Wiser Advisor Group LLC decreased its holdings in Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 12.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,509 shares of the company’s stock after selling 622 shares during the quarter. Wiser Advisor Group LLC’s holdings in Yum China were worth $203,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its stake in shares of Yum China by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,967,353 shares of the company’s stock worth $369,073,000 after purchasing an additional 121,617 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Yum China by 49.6% in the 3rd quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company’s stock worth $356,206,000 after acquiring an additional 2,609,494 shares during the period. Mondrian Investment Partners LTD increased its stake in shares of Yum China by 56.3% during the second quarter. Mondrian Investment Partners LTD now owns 4,394,628 shares of the company’s stock worth $133,203,000 after acquiring an additional 1,582,859 shares during the period. Waverton Investment Management Ltd raised its holdings in Yum China by 350.7% during the third quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company’s stock worth $189,202,000 after purchasing an additional 3,270,560 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Yum China by 0.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,552,629 shares of the company’s stock valued at $159,939,000 after purchasing an additional 11,535 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on YUMC shares. StockNews.com raised Yum China from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Citigroup raised Yum China to a “strong-buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. raised shares of Yum China from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $35.50 to $60.00 in a research note on Tuesday, November 5th. Finally, Macquarie raised Yum China from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $30.00 to $37.40 in a research note on Tuesday, August 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $51.68.
Yum China Trading Up 0.6 %
Shares of YUMC stock traded up $0.28 during trading hours on Monday, hitting $47.35. 240,096 shares of the company were exchanged, compared to its average volume of 3,193,621. The firm has a fifty day moving average of $44.92 and a 200 day moving average of $37.49. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a 1 year low of $28.50 and a 1 year high of $52.00. The firm has a market cap of $17.98 billion, a PE ratio of 20.83, a PEG ratio of 1.67 and a beta of 0.36.
Yum China (NYSE:YUMC – Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the business earned $0.59 EPS. Yum China’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Yum China Holdings, Inc. will post 2.33 earnings per share for the current year.
Yum China Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.64 annualized dividend and a yield of 1.35%. Yum China’s dividend payout ratio is presently 28.32%.
Yum China Company Profile
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.
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