Yum China (NYSE:YUMC) Holdings Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 25.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,644,635 shares of the company's stock after selling 908,773 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.71% of Yum China worth $140,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GeoWealth Management LLC increased its stake in shares of Yum China by 689.6% in the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company's stock worth $25,000 after buying an additional 462 shares during the last quarter. CX Institutional bought a new stake in shares of Yum China in the 1st quarter worth about $37,000. Graney & King LLC bought a new stake in shares of Yum China in the 4th quarter worth about $39,000. EverSource Wealth Advisors LLC increased its position in shares of Yum China by 58.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company's stock worth $42,000 after purchasing an additional 324 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in Yum China in the fourth quarter valued at about $48,000. Institutional investors own 85.58% of the company's stock.

Analysts Set New Price Targets

Separately, Daiwa America raised Yum China to a "strong-buy" rating in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $48.70.

Yum China Stock Performance

Shares of NYSE:YUMC traded up $0.01 during trading on Friday, reaching $44.62. 1,588,947 shares of the company's stock traded hands, compared to its average volume of 2,886,223. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 1.11. Yum China has a 12 month low of $28.50 and a 12 month high of $53.99. The company has a 50 day moving average of $44.11 and a 200-day moving average of $46.52. The stock has a market capitalization of $16.56 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28.

Yum China (NYSE:YUMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.13 billion. Yum China had a net margin of 8.09% and a return on equity of 14.08%. The firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. On average, equities analysts expect that Yum China will post 2.54 EPS for the current year.

Yum China Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.15%. Yum China's payout ratio is currently 40.17%.

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.