Bank of New York Mellon Corp Has $199.74 Million Stake in Yum China (NYSE:YUMC)

Bank of New York Mellon Corp lifted its stake in Yum China (NYSE:YUMC - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,836,703 shares of the company's stock after acquiring an additional 109,154 shares during the period. Bank of New York Mellon Corp owned 1.02% of Yum China worth $199,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. GeoWealth Management LLC raised its holdings in shares of Yum China by 689.6% during the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after acquiring an additional 462 shares during the period. CX Institutional bought a new stake in shares of Yum China during the 1st quarter worth $37,000. Goodman Advisory Group LLC acquired a new position in Yum China during the 1st quarter valued at $41,000. Graney & King LLC acquired a new position in Yum China during the 4th quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC raised its stake 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 valued at $42,000 after buying an additional 324 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Stock Down 0.2%

YUMC traded down $0.10 during trading on Tuesday, reaching $47.48. The company had a trading volume of 2,380,693 shares, compared to its average volume of 2,892,250. 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 market cap of $17.63 billion, a P/E ratio of 19.87, a PEG ratio of 1.73 and a beta of 0.28. The business's fifty day moving average price is $44.18 and its 200 day moving average price is $46.34.

Yum China (NYSE:YUMC - Get Free Report) last issued its earnings results 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). The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.13 billion. Yum China had a return on equity of 14.08% and a net margin of 8.09%. Yum China's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Equities analysts anticipate that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were given a $0.24 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.02%. Yum China's payout ratio is presently 40.17%.

Wall Street Analysts Forecast Growth

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

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.