Fifth Third Bancorp Has $808,000 Stock Holdings in Yum China (NYSE:YUMC)

Fifth Third Bancorp boosted its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 78.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,524 shares of the company's stock after buying an additional 6,806 shares during the period. Fifth Third Bancorp's holdings in Yum China were worth $808,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. AXA S.A. increased its stake in shares of Yum China by 34.4% during the 4th quarter. AXA S.A. now owns 31,286 shares of the company's stock worth $1,507,000 after purchasing an additional 8,016 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Yum China by 16.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 56,896 shares of the company's stock valued at $2,794,000 after purchasing an additional 8,101 shares during the last quarter. GAMMA Investing LLC grew its position in Yum China by 4,967.3% during the first quarter. GAMMA Investing LLC now owns 98,914 shares of the company's stock worth $5,149,000 after buying an additional 96,962 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in Yum China in the fourth quarter worth $31,836,000. Finally, XTX Topco Ltd bought a new position in shares of Yum China during the 4th quarter worth about $746,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on YUMC. Wall Street Zen cut Yum China from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Daiwa America raised Yum China to a "strong-buy" rating in a report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Yum China has an average rating of "Buy" and an average target price of $48.70.

Yum China Trading Up 0.1%

Yum China stock traded up $0.03 during midday trading on Friday, hitting $42.79. 880,767 shares of the stock were exchanged, compared to its average volume of 2,820,447. 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 52 week low of $28.50 and a 52 week high of $53.99. The company has a fifty day simple moving average of $44.03 and a two-hundred day simple moving average of $46.70. The stock has a market capitalization of $15.97 billion, a PE ratio of 17.92, a P/E/G ratio of 1.64 and a beta of 0.28.

Yum China (NYSE:YUMC - Get Free Report) last released 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). Yum China had a return on equity of 14.08% and a net margin of 8.09%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the business earned $0.71 EPS. The company's revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts anticipate that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, May 28th. Yum China's dividend payout ratio is presently 40.17%.

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.