Banque Pictet & Cie SA Invests $2.09 Million in Yum China (NYSE:YUMC)

Banque Pictet & Cie SA acquired a new stake in Yum China (NYSE:YUMC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 40,350 shares of the company's stock, valued at approximately $2,092,000.

A number of other institutional investors have also recently bought and sold shares of YUMC. LBP AM SA boosted its stake in shares of Yum China by 46.9% in the 1st quarter. LBP AM SA now owns 72,000 shares of the company's stock valued at $3,748,000 after purchasing an additional 23,000 shares during the last quarter. Abound Financial LLC purchased a new stake in shares of Yum China in the first quarter valued at about $52,000. Financial Counselors Inc. purchased a new stake in Yum China during the first quarter worth about $276,000. Callan Capital LLC increased its holdings in Yum China by 23.1% during the first quarter. Callan Capital LLC now owns 10,507 shares of the company's stock worth $547,000 after buying an additional 1,972 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Yum China by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 329,198 shares of the company's stock worth $17,138,000 after purchasing an additional 4,221 shares during the period. Institutional investors own 85.58% of the company's stock.

Yum China Stock Down 0.8%

Shares of NYSE:YUMC traded down $0.38 during midday trading on Friday, reaching $47.51. The company's stock had a trading volume of 675,868 shares, compared to its average volume of 2,731,265. The firm has a 50 day moving average of $44.37 and a 200-day moving average of $46.35. The firm has a market capitalization of $17.64 billion, a P/E ratio of 19.88, a PEG ratio of 1.79 and a beta of 0.28. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. Yum China has a 12-month low of $28.50 and a 12-month high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $2.98 billion during 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 firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS. On average, research analysts anticipate that Yum China will post 2.54 earnings per share for the current year.

Yum China Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Daiwa America upgraded shares of 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 assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $48.70.

Yum China 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.