Heritage Investors Management Corp reduced its stake in shares of Yum China (NYSE:YUMC - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 422,278 shares of the company's stock after selling 7,693 shares during the period. Heritage Investors Management Corp owned 0.11% of Yum China worth $21,984,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its position in Yum China by 35.6% during the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock valued at $734,150,000 after acquiring an additional 3,704,756 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Yum China by 6,304.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company's stock worth $600,045,000 after purchasing an additional 11,346,069 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Yum China by 4.5% during the 4th quarter. Royal Bank of Canada now owns 10,361,804 shares of the company's stock valued at $499,127,000 after purchasing an additional 448,188 shares in the last quarter. FMR LLC lifted its stake in shares of 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 during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Yum China by 117.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,751,662 shares of the company's stock valued at $228,890,000 after purchasing an additional 2,570,419 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Daiwa America raised Yum China to a "strong-buy" rating in a research note on Wednesday, April 9th. One equities research 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $48.70.
Check Out Our Latest Research Report on YUMC
Yum China Price Performance
Shares of Yum China stock traded down $0.69 during midday trading on Friday, hitting $46.87. 1,958,533 shares of the company were exchanged, compared to its average volume of 2,862,485. The firm has a 50 day simple moving average of $44.78 and a 200-day simple moving average of $46.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 1.11. The firm has a market cap of $17.40 billion, a P/E ratio of 19.61, a PEG ratio of 1.78 and a beta of 0.28. Yum China has a 52 week low of $28.50 and a 52 week high of $53.99.
Yum China (NYSE:YUMC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.77 earnings per share (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 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 business earned $0.71 EPS. The company's revenue for the quarter was up .8% compared to the same quarter last year. Research analysts forecast that Yum China will post 2.54 earnings per share for the current year.
Yum China Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, May 28th. This represents a $0.96 annualized dividend and a yield of 2.05%. Yum China's dividend payout ratio (DPR) is 40.17%.
Yum China Profile
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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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