Jupiter Asset Management Ltd. Has $4.69 Million Position in Yum China (NYSE:YUMC)

Key Points

• Jupiter Asset Management Ltd. significantly reduced its stake in Yum China by 86.4% during the first quarter, now holding 90,100 shares valued at approximately $4.69 million.
• Institutional investors and hedge funds own 85.58% of Yum China's stock, with notable increases in holdings from firms such as GeoWealth Management and Hollencrest Capital Management.
• Daiwa America recently upgraded Yum China's stock to a "strong-buy" rating, with an average price target of $48.70 and a consensus rating of "Buy" from analysts.

Jupiter Asset Management Ltd. decreased its position in shares of Yum China (NYSE:YUMC - Free Report) by 86.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,100 shares of the company's stock after selling 570,800 shares during the period. Jupiter Asset Management Ltd.'s holdings in Yum China were worth $4,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GeoWealth Management LLC increased 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 purchasing an additional 462 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Yum China in the first quarter valued at approximately $29,000. CX Institutional acquired a new stake in shares of Yum China in the first quarter valued at approximately $37,000. Goodman Advisory Group LLC acquired a new stake in shares of Yum China in the first quarter valued at approximately $41,000. Finally, Hollencrest Capital Management boosted its stake in Yum China by 121.4% in the first quarter. Hollencrest Capital Management now owns 912 shares of the company's stock valued at $47,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Trading Down 6.1%

Shares of NYSE YUMC traded down $2.84 during midday trading on Tuesday, reaching $43.64. 3,118,683 shares of the stock were exchanged, compared to its average volume of 1,618,590. The business has a 50-day simple moving average of $45.49 and a two-hundred day simple moving average of $46.51. The company has a market capitalization of $16.20 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.75 and a beta of 0.27. Yum China has a 12 month low of $32.00 and a 12 month high of $53.99. 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 Tuesday, August 5th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.80 billion. Yum China had a net margin of 8.09% and a return on equity of 14.08%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. As a group, equities research analysts expect that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.2%. Yum China's dividend payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

Separately, Daiwa America raised shares of Yum China to a "strong-buy" rating in a research note on Wednesday, April 9th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $48.70.

Yum China 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.