Yum China (NYSE:YUMC) Holdings Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in Yum China (NYSE:YUMC - Free Report) by 8.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 117,373 shares of the company's stock after selling 11,384 shares during the period. PNC Financial Services Group Inc.'s holdings in Yum China were worth $6,110,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GeoWealth Management LLC boosted its holdings in Yum China by 689.6% in the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock worth $25,000 after acquiring an additional 462 shares during the period. Hughes Financial Services LLC purchased a new position in shares of Yum China in the first quarter valued at $29,000. CX Institutional acquired a new stake in Yum China during the 1st quarter valued at $37,000. Goodman Advisory Group LLC purchased a new stake in Yum China during the 1st quarter worth $41,000. Finally, Hollencrest Capital Management lifted its holdings in Yum China by 121.4% in the 1st quarter. Hollencrest Capital Management now owns 912 shares of the company's stock worth $47,000 after buying an additional 500 shares in the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Yum China Stock Up 2.4%

YUMC traded up $1.05 during trading on Thursday, hitting $45.85. The company had a trading volume of 2,750,986 shares, compared to its average volume of 1,708,556. The company has a market cap of $17.02 billion, a PE ratio of 18.95, a P/E/G ratio of 1.69 and a beta of 0.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 1.11. Yum China has a 1-year low of $32.67 and a 1-year high of $53.99. The business has a 50-day moving average of $45.54 and a 200-day moving average of $46.51.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.80 billion. Yum China had a net margin of 8.04% and a return on equity of 14.10%. The firm's revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 earnings per share. As a group, analysts forecast that Yum China will post 2.54 earnings per share for the current year.

Yum China Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.1%. Yum China's dividend payout ratio is 39.67%.

Analyst Ratings Changes

Separately, Daiwa America raised Yum China to a "strong-buy" rating in a report on Wednesday, April 9th.

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.