Principal Financial Group Inc. raised its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 35.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,102,077 shares of the company's stock after purchasing an additional 3,704,756 shares during the quarter. Principal Financial Group Inc. owned approximately 3.76% of Yum China worth $734,150,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its stake in Yum China by 13.0% in the 4th quarter. Fisher Asset Management LLC now owns 9,750 shares of the company's stock valued at $470,000 after purchasing an additional 1,125 shares during the period. US Bancorp DE raised its holdings in Yum China by 40.4% in the 4th quarter. US Bancorp DE now owns 31,821 shares of the company's stock valued at $1,533,000 after acquiring an additional 9,155 shares in the last quarter. Modera Wealth Management LLC acquired a new position in Yum China in the fourth quarter valued at about $208,000. Jones Financial Companies Lllp increased its holdings in Yum China by 40.2% in the 4th quarter. Jones Financial Companies Lllp now owns 13,887 shares of the company's stock valued at $669,000 after buying an additional 3,979 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Yum China by 4.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,180 shares of the company's stock worth $298,000 after acquiring an additional 276 shares in the last quarter. 85.58% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Daiwa America upgraded Yum China to a "strong-buy" rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $48.70.
Check Out Our Latest Report on Yum China
Yum China Trading Up 0.6%
Shares of NYSE YUMC opened at $45.96 on Thursday. The stock has a market cap of $17.06 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.73 and a beta of 0.28. Yum China has a 52-week low of $28.50 and a 52-week high of $53.99. The firm has a 50 day moving average price of $44.17 and a two-hundred day moving average price of $46.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.26.
Yum China (NYSE:YUMC - Get Free Report) last released 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). Yum China had a net margin of 8.09% and a return on equity of 14.08%. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company posted $0.71 EPS. The business's revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities analysts forecast that Yum China will post 2.54 EPS for the current year.
Yum China Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were issued a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.09%. Yum China's payout ratio is currently 40.17%.
About Yum China
(
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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