Harvest Fund Management Co. Ltd boosted its stake in shares of Yum China (NYSE:YUMC - Free Report) by 129.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,087 shares of the company's stock after buying an additional 17,560 shares during the period. Harvest Fund Management Co. Ltd's holdings in Yum China were worth $1,618,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Yum China by 35.6% in the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock valued at $734,150,000 after purchasing an additional 3,704,756 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Yum China by 6,304.9% in the 1st 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. Royal Bank of Canada grew 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 worth $499,127,000 after buying an additional 448,188 shares in the last quarter. FMR LLC grew its position in shares of Yum China by 138.5% in the fourth 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. Finally, Wellington Management Group LLP raised its holdings in shares of Yum China by 95.6% during the 4th quarter. Wellington Management Group LLP now owns 4,580,430 shares of the company's stock worth $220,644,000 after acquiring an additional 2,238,720 shares during the period. Institutional investors own 85.58% of the company's stock.
Yum China Trading Up 0.1%
NYSE YUMC traded up $0.05 on Friday, reaching $46.73. The stock had a trading volume of 1,586,591 shares, compared to its average volume of 2,615,976. Yum China has a 12-month low of $28.50 and a 12-month high of $53.99. The stock has a fifty day moving average price of $45.24 and a two-hundred day moving average price of $46.43. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 1.76 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 (NYSE:YUMC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $3.13 billion. Yum China had a net margin of 8.09% and a return on equity of 14.08%. Yum China's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, sell-side analysts forecast that Yum China will post 2.54 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Daiwa America raised Yum China to a "strong-buy" rating in a research report on Wednesday, April 9th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $48.70.
Read Our Latest Report on Yum China
Yum China Profile
(
Free Report)
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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