Pictet North America Advisors SA cut its stake in Yum China (NYSE:YUMC - Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 530,152 shares of the company's stock after selling 17,478 shares during the period. Yum China accounts for approximately 2.7% of Pictet North America Advisors SA's investment portfolio, making the stock its 9th largest holding. Pictet North America Advisors SA owned 0.14% of Yum China worth $27,485,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of YUMC. GeoWealth Management LLC lifted its stake in Yum China by 689.6% during the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after purchasing an additional 462 shares during the last quarter. CX Institutional acquired a new stake in shares of Yum China during the first quarter worth approximately $37,000. Graney & King LLC purchased a new position in shares of Yum China during the 4th quarter valued at $39,000. Goodman Advisory Group LLC purchased a new position in Yum China in the first quarter valued at about $41,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Yum China by 58.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company's stock worth $42,000 after buying an additional 324 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Daiwa America raised shares of 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 given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Yum China presently has a consensus rating of "Buy" and a consensus target price of $48.70.
Check Out Our Latest Report on YUMC
Yum China Trading Down 0.5%
Shares of YUMC stock traded down $0.21 on Thursday, hitting $45.74. The stock had a trading volume of 602,096 shares, compared to its average volume of 2,875,791. Yum China has a twelve month low of $28.50 and a twelve month high of $53.99. The company has a current ratio of 1.26, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. The firm has a market cap of $16.98 billion, a P/E ratio of 19.15, a PEG ratio of 1.73 and a beta of 0.28. The company has a fifty day moving average price of $44.17 and a two-hundred day moving average price of $46.43.
Yum China (NYSE:YUMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.77 earnings per share (EPS) 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 the consensus estimate of $3.13 billion. Yum China had a return on equity of 14.08% and a net margin of 8.09%. The business's revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. As a group, analysts forecast that Yum China will post 2.54 earnings per share for the current fiscal year.
Yum China Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Wednesday, May 28th. Yum China's dividend payout ratio is 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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