Yum China (NYSE:YUMC) Stake Cut by Freemont Capital Pte Ltd

Key Points

• Freemont Capital Pte Ltd decreased its stake in Yum China by 40.0%, now holding 30,000 shares, making the stock only 0.0% of its portfolio.
• Yum China holds a market capitalization of $17.42 billion and reported a revenue of $2.98 billion in its last quarter, falling short of analyst projections of $3.13 billion.
• Daiwa America upgraded Yum China to a "strong-buy" rating, with the stock receiving an average "Buy" rating and a consensus price target of $48.70.

Freemont Capital Pte Ltd lowered its position in shares of Yum China (NYSE:YUMC - Free Report) by 40.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the company's stock after selling 20,000 shares during the period. Yum China makes up approximately 0.0% of Freemont Capital Pte Ltd's portfolio, making the stock its 5th largest position. Freemont Capital Pte Ltd's holdings in Yum China were worth $1,562,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Yum China by 6,304.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company's stock worth $600,045,000 after buying an additional 11,346,069 shares in the last quarter. FMR LLC lifted its holdings in Yum China by 138.5% during the 4th quarter. FMR LLC now owns 8,558,050 shares of the company's stock worth $412,241,000 after buying an additional 4,969,073 shares in the last quarter. Norges Bank acquired a new stake in Yum China during the 4th quarter worth approximately $199,722,000. Principal Financial Group Inc. lifted its holdings in Yum China by 35.6% during the 1st quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock worth $734,150,000 after buying an additional 3,704,756 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Yum China by 95.6% in the 4th quarter. Wellington Management Group LLP now owns 4,580,430 shares of the company's stock valued at $220,644,000 after purchasing an additional 2,238,720 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

Yum China Stock Down 0.2%

Shares of YUMC traded down $0.12 during midday trading on Friday, reaching $46.57. The stock had a trading volume of 1,007,515 shares, compared to its average volume of 2,611,645. Yum China has a 1-year low of $28.50 and a 1-year high of $53.99. The company's fifty day simple moving average is $45.24 and its two-hundred day simple moving average is $46.43. The company has a market cap of $17.29 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.76 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 (NYSE:YUMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Yum China had a return on equity of 14.08% and a net margin of 8.09%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. Yum China's revenue was up .8% compared to the same quarter last year. Equities research analysts expect that Yum China will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Daiwa America upgraded shares of Yum China to a "strong-buy" rating in a 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. Based on data from MarketBeat.com, Yum China has a consensus rating of "Buy" and an average target price of $48.70.

Yum China Company Profile

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.