Bank of New York Mellon Corp Acquires 109,154 Shares of Yum China (NYSE:YUMC)

Bank of New York Mellon Corp increased its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 approximately 1.02% of Yum China worth $199,739,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Yum China by 35.6% in the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock worth $734,150,000 after purchasing an additional 3,704,756 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Yum China by 6,304.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company's stock valued at $600,045,000 after acquiring an additional 11,346,069 shares during the period. Royal Bank of Canada boosted its holdings in shares of Yum China by 4.5% during the fourth quarter. Royal Bank of Canada now owns 10,361,804 shares of the company's stock valued at $499,127,000 after acquiring an additional 448,188 shares during the period. FMR LLC boosted its holdings in shares of Yum China by 138.5% during the fourth quarter. FMR LLC now owns 8,558,050 shares of the company's stock valued at $412,241,000 after acquiring an additional 4,969,073 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in Yum China during the 4th quarter worth $243,901,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Yum China Price Performance

Shares of NYSE YUMC traded down $0.28 during mid-day trading on Friday, reaching $47.60. The company had a trading volume of 1,387,652 shares, compared to its average volume of 2,884,011. The company has a current ratio of 1.26, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. The stock has a market cap of $17.67 billion, a PE ratio of 19.92, a P/E/G ratio of 1.82 and a beta of 0.28. The company has a 50-day moving average price of $44.44 and a two-hundred day moving average price of $46.33. Yum China has a 1-year low of $28.50 and a 1-year high of $53.99.

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

Yum China Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.02%. Yum China's dividend payout ratio is 40.17%.

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.