Mirae Asset Global Investments Co. Ltd. Raises Holdings in Yum China (NYSE:YUMC)

Mirae Asset Global Investments Co. Ltd. grew its position in Yum China (NYSE:YUMC - Free Report) by 6,304.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,526,026 shares of the company's stock after acquiring an additional 11,346,069 shares during the quarter. Yum China comprises 1.6% of Mirae Asset Global Investments Co. Ltd.'s holdings, making the stock its 12th largest position. Mirae Asset Global Investments Co. Ltd. owned 3.07% of Yum China worth $600,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YUMC. GAMMA Investing LLC lifted 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. AXA S.A. raised its holdings 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 acquiring an additional 8,016 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of Yum China during the 4th quarter worth $31,836,000. XTX Topco Ltd purchased a new position in shares of Yum China during the 4th quarter worth $746,000. Finally, US Bancorp DE raised its stake in Yum China by 40.4% during the fourth quarter. US Bancorp DE now owns 31,821 shares of the company's stock worth $1,533,000 after purchasing an additional 9,155 shares during the period. Hedge funds and other institutional investors own 85.58% of the company's stock.

Analysts Set New Price Targets

Separately, Daiwa America raised shares of 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 assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $48.70.

Yum China Trading Up 0.0%

NYSE:YUMC traded up $0.01 on Friday, reaching $44.62. The company's stock had a trading volume of 1,588,947 shares, compared to its average volume of 2,886,223. Yum China has a 12-month low of $28.50 and a 12-month high of $53.99. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. The firm has a market cap of $16.56 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. The stock has a 50 day moving average price of $44.11 and a 200 day moving average price of $46.52.

Yum China (NYSE:YUMC - Get Free Report) last issued 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 company 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%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share. On average, equities analysts anticipate that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Wednesday, May 28th. Yum China's dividend payout ratio (DPR) is 40.17%.

About Yum China

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.