Rhumbline Advisers lessened its stake in Yum China (NYSE:YUMC - Free Report) by 19.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,918 shares of the company's stock after selling 11,928 shares during the period. Rhumbline Advisers' holdings in Yum China were worth $2,651,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. GeoWealth Management LLC lifted its holdings in shares of Yum China by 689.6% in the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after buying an additional 462 shares during the period. Graney & King LLC acquired a new stake in Yum China in the 4th quarter valued at about $39,000. EverSource Wealth Advisors LLC boosted its position in shares of Yum China by 58.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company's stock valued at $42,000 after purchasing an additional 324 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Yum China in the 4th quarter worth approximately $48,000. Finally, Banque de Luxembourg S.A. acquired a new position in shares of Yum China in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 85.58% of the company's stock.
Yum China Trading Down 0.3%
Shares of Yum China stock traded down $0.14 during trading on Thursday, hitting $42.79. The stock had a trading volume of 1,382,841 shares, compared to its average volume of 2,908,519. Yum China has a 1 year low of $28.50 and a 1 year high of $53.99. The stock has a 50 day simple moving average of $44.07 and a 200 day simple moving average of $46.73. 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 company has a market capitalization of $15.97 billion, a PE ratio of 17.90, a P/E/G ratio of 1.65 and a beta of 0.28.
Yum China (NYSE:YUMC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $3.13 billion. Yum China had a return on equity of 14.08% and a net margin of 8.09%. The company's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. On average, research analysts expect that Yum China will post 2.54 EPS for the current fiscal year.
Yum China Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.24%. The ex-dividend date was Wednesday, May 28th. Yum China's dividend payout ratio is currently 40.17%.
Analyst Ratings Changes
A number of brokerages recently weighed in on YUMC. Wall Street Zen cut shares of Yum China from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Daiwa America upgraded Yum China to a "strong-buy" rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $48.70.
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Yum China Profile
(
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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