Lbp Am Sa raised its stake in Yum China (NYSE:YUMC - Free Report) by 46.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,000 shares of the company's stock after acquiring an additional 23,000 shares during the quarter. Lbp Am Sa's holdings in Yum China were worth $3,748,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of YUMC. GeoWealth Management LLC boosted its holdings in Yum China by 689.6% during the fourth 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 acquired a new position in shares of Yum China in the first quarter worth about $37,000. Graney & King LLC purchased a new stake in shares of Yum China during the 4th quarter worth about $39,000. Goodman Advisory Group LLC acquired a new stake in shares of Yum China during the 1st quarter valued at about $41,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of 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. Hedge funds and other institutional investors own 85.58% of the company's stock.
Yum China Stock Performance
NYSE:YUMC opened at $47.88 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.26. The stock has a market capitalization of $17.78 billion, a PE ratio of 20.03, a P/E/G ratio of 1.79 and a beta of 0.28. Yum China has a fifty-two week low of $28.50 and a fifty-two week high of $53.99. The company has a fifty day moving average of $44.37 and a two-hundred day moving average of $46.35.
Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly 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 company had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The company's quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts forecast that Yum China will post 2.54 earnings per share for the current fiscal year.
Yum China Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.00%. Yum China's dividend payout ratio (DPR) is presently 40.17%.
Analysts Set New Price Targets
Separately, 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 given a strong buy rating to the company's stock. According to MarketBeat, Yum China presently has an average rating of "Buy" and an average target price of $48.70.
Check Out Our Latest Analysis on Yum China
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.
See Also
Want to see what other hedge funds are holding YUMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum China (NYSE:YUMC - Free Report).
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