E Fund Management Hong Kong Co. Ltd. trimmed its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 31.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,800 shares of the company's stock after selling 68,943 shares during the period. Yum China comprises 7.2% of E Fund Management Hong Kong Co. Ltd.'s investment portfolio, making the stock its 4th biggest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in Yum China were worth $8,007,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of YUMC. GeoWealth Management LLC raised its stake in shares of Yum China by 689.6% during the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock worth $25,000 after buying an additional 462 shares in the last quarter. CX Institutional purchased a new position in shares of Yum China during the 1st quarter worth approximately $37,000. Graney & King LLC purchased a new position in shares of Yum China during the 4th quarter worth approximately $39,000. EverSource Wealth Advisors LLC increased its stake in Yum China by 58.5% in 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. Finally, Atlas Capital Advisors Inc. purchased a new position in Yum China in the 4th quarter valued at approximately $48,000. 85.58% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on YUMC. Daiwa America raised Yum China to a "strong-buy" rating in a research note on Wednesday, April 9th. Wall Street Zen downgraded Yum China from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $48.70.
Check Out Our Latest Stock Analysis on Yum China
Yum China Stock Performance
NYSE YUMC opened at $43.96 on Tuesday. The business has a 50 day moving average price of $43.97 and a 200 day moving average price of $46.62. The company has a market capitalization of $16.41 billion, a P/E ratio of 18.39, a PEG ratio of 1.62 and a beta of 0.28. 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 $28.50 and a 1-year high of $53.99.
Yum China (NYSE:YUMC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.13 billion. Yum China had a net margin of 8.09% and a return on equity of 14.08%. Yum China's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. Sell-side analysts expect that Yum China will post 2.54 EPS for the current fiscal year.
Yum China Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Wednesday, May 28th. Yum China's dividend payout ratio (DPR) is presently 40.17%.
Yum China Company Profile
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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.
See Also
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