Mirae Asset Global Investments Co. Ltd. Cuts Position in Yum China $YUMC

Key Points

• Mirae Asset Global Investments Co. Ltd. significantly reduced its holdings in Yum China by 98.7%, now owning just 154,339 shares, worth approximately $6.9 million.
• The stock has a consensus rating of "Buy" among analysts, with a target price of $60.00, and a recent dividend yielding 2.3%.
• Yum China reported a quarterly EPS of $0.58, exceeding estimates, but with revenue showing a slight 4.0% growth compared to the previous year.

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 98.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,339 shares of the company's stock after selling 11,371,687 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Yum China were worth $6,900,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of YUMC. Hughes Financial Services LLC purchased a new stake in shares of Yum China during the 1st quarter valued at $29,000. SouthState Corp grew its position in Yum China by 4,915.4% during the first quarter. SouthState Corp now owns 652 shares of the company's stock valued at $34,000 after buying an additional 639 shares during the period. Marshall & Sullivan Inc. WA purchased a new stake in Yum China during the second quarter worth about $36,000. CX Institutional bought a new stake in Yum China in the first quarter worth about $37,000. Finally, Goodman Advisory Group LLC purchased a new position in Yum China in the first quarter valued at about $41,000. 85.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Yum China in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $60.00.

Yum China Price Performance

Shares of NYSE YUMC opened at $42.32 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39. Yum China has a fifty-two week low of $41.00 and a fifty-two week high of $53.99. The stock has a market cap of $15.40 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.58 and a beta of 0.18. The stock has a fifty day moving average of $44.59 and a 200-day moving average of $45.32.

Yum China (NYSE:YUMC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.80 billion. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The firm's revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. Equities research analysts anticipate that Yum China will post 2.54 earnings per share for the current year.

Yum China Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. Yum China's dividend payout ratio is currently 39.67%.

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.

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