Yum China (NYSE:YUMC) Position Trimmed by BOCHK Asset Management Ltd

BOCHK Asset Management Ltd cut its position in shares of Yum China (NYSE:YUMC - Free Report) by 77.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the company's stock after selling 14,000 shares during the quarter. BOCHK Asset Management Ltd's holdings in Yum China were worth $208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in 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 buying an additional 11,346,069 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Yum China in the 4th quarter valued at $243,901,000. FMR LLC increased its holdings in Yum China by 138.5% in the 4th quarter. FMR LLC now owns 8,558,050 shares of the company's stock valued at $412,241,000 after purchasing an additional 4,969,073 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in Yum China in the 4th quarter valued at $203,179,000. Finally, Norges Bank acquired a new position in shares of Yum China during the fourth quarter worth about $199,722,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Stock Up 1.4%

Shares of YUMC traded up $0.68 during trading on Thursday, reaching $47.88. The company's stock had a trading volume of 1,708,677 shares, compared to its average volume of 2,889,495. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.80 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 twelve month low of $28.50 and a twelve month high of $53.99. The company has a fifty day moving average of $44.28 and a two-hundred day moving average of $46.36.

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

Yum China Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Wednesday, May 28th. Yum China's dividend payout ratio (DPR) is presently 40.17%.

Analyst Ratings Changes

Separately, Daiwa America raised Yum China to a "strong-buy" rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.