Mackenzie Financial Corp Sells 179,297 Shares of Yum China (NYSE:YUMC)

Mackenzie Financial Corp lessened its holdings in Yum China (NYSE:YUMC - Free Report) by 30.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,264 shares of the company's stock after selling 179,297 shares during the quarter. Mackenzie Financial Corp owned 0.11% of Yum China worth $21,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in YUMC. LPL Financial LLC raised its holdings in shares of Yum China by 3.2% in the 1st quarter. LPL Financial LLC now owns 122,814 shares of the company's stock worth $6,394,000 after purchasing an additional 3,761 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in Yum China by 2.2% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 75,385 shares of the company's stock valued at $3,925,000 after acquiring an additional 1,600 shares during the period. Assetmark Inc. lifted its holdings in Yum China by 11.1% during the first quarter. Assetmark Inc. now owns 195,421 shares of the company's stock valued at $10,174,000 after purchasing an additional 19,477 shares during the last quarter. Cetera Investment Advisers boosted its position in Yum China by 3.5% during the first quarter. Cetera Investment Advisers now owns 24,127 shares of the company's stock worth $1,256,000 after purchasing an additional 811 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in shares of Yum China by 16.1% in the first quarter. Avantax Advisory Services Inc. now owns 5,566 shares of the company's stock valued at $290,000 after purchasing an additional 770 shares during the period. 85.58% of the stock is currently owned by institutional investors.

Yum China Price Performance

NYSE YUMC traded up $0.05 during trading hours on Friday, hitting $46.73. The company had a trading volume of 1,586,591 shares, compared to its average volume of 1,668,865. 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 firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 1.76 and a beta of 0.27. Yum China has a 52 week low of $28.50 and a 52 week high of $53.99. The firm has a 50 day simple moving average of $45.41 and a 200 day simple moving average of $46.48.

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

Wall Street Analyst Weigh In

Separately, Daiwa America raised shares of Yum China to a "strong-buy" rating in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Yum China has a consensus rating of "Buy" and a consensus target price of $48.70.

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.