Envestnet Portfolio Solutions Inc. Lowers Stock Position in Yum China (NYSE:YUMC)

Envestnet Portfolio Solutions Inc. cut its stake in shares of Yum China (NYSE:YUMC - Free Report) by 62.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,287 shares of the company's stock after selling 12,117 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Yum China were worth $379,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GeoWealth Management LLC increased its position 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 last quarter. CX Institutional acquired a new position in shares of Yum China in the first quarter valued at approximately $37,000. Graney & King LLC acquired a new position in shares of Yum China in the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC grew its holdings in shares of Yum China by 58.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company's stock valued at $42,000 after purchasing an additional 324 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Yum China in the fourth quarter valued at approximately $48,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Daiwa America upgraded 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $48.70.

Yum China Trading Up 0.0%

Shares of YUMC stock opened at $44.62 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.26. The stock has a market capitalization of $16.56 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. The company has a 50 day moving average price of $44.11 and a 200 day moving average price of $46.50. Yum China has a fifty-two week low of $28.50 and a fifty-two week 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 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Yum China had a return on equity of 14.08% and a net margin of 8.09%. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm earned $0.71 EPS. The company's revenue was up .8% on a year-over-year basis. Equities research analysts predict that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.15%. Yum China's payout ratio is currently 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.

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