Assetmark Inc. Boosts Stock Position in Yum China (NYSE:YUMC)

Key Points

• Assetmark Inc. increased its stake in Yum China by 11.1%, owning 195,421 shares worth approximately $10.17 million as of the latest SEC filing.
• Yum China reported earnings per share (EPS) of $0.77 for the quarter, missing analyst estimates by $0.01, with a revenue of $2.98 billion compared to expectations of $3.13 billion.
• The company declared a quarterly dividend of $0.24 per share, providing an annual yield of 2.01% and a payout ratio of 40.17%.

Assetmark Inc. raised its stake in Yum China (NYSE:YUMC - Free Report) by 11.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,421 shares of the company's stock after acquiring an additional 19,477 shares during the period. Assetmark Inc. owned approximately 0.05% of Yum China worth $10,174,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of Yum China by 16.9% during the fourth quarter. American Century Companies Inc. now owns 600,068 shares of the company's stock valued at $28,905,000 after buying an additional 86,769 shares during the last quarter. LPL Financial LLC boosted its position in Yum China by 9.4% in the fourth quarter. LPL Financial LLC now owns 119,053 shares of the company's stock worth $5,735,000 after purchasing an additional 10,276 shares during the last quarter. Prudential Financial Inc. boosted its position in Yum China by 514.7% in the fourth quarter. Prudential Financial Inc. now owns 154,727 shares of the company's stock worth $7,453,000 after purchasing an additional 129,557 shares during the last quarter. Korea Investment CORP boosted its position in Yum China by 5.5% in the fourth quarter. Korea Investment CORP now owns 297,719 shares of the company's stock worth $14,341,000 after purchasing an additional 15,400 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Yum China by 14.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 338,778 shares of the company's stock worth $15,113,000 after purchasing an additional 43,587 shares during the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Yum China Stock Up 0.1%

Shares of YUMC stock traded up $0.04 during mid-day trading on Thursday, hitting $46.70. The stock had a trading volume of 372,658 shares, compared to its average volume of 2,613,758. Yum China has a 12-month low of $28.50 and a 12-month high of $53.99. The firm has a market capitalization of $17.34 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.75 and a beta of 0.28. The firm's 50-day moving average is $45.24 and its two-hundred day moving average is $46.43. 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 (NYSE:YUMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Yum China had a return on equity of 14.08% and a net margin of 8.09%. The company had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter last year, the company earned $0.71 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts predict that Yum China will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.