Morningstar Investment Services LLC Has $853,000 Position in Yum China (NYSE:YUMC)

Morningstar Investment Services LLC reduced its holdings in Yum China (NYSE:YUMC - Free Report) by 50.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,387 shares of the company's stock after selling 16,878 shares during the quarter. Morningstar Investment Services LLC's holdings in Yum China were worth $853,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of YUMC. GeoWealth Management LLC lifted its holdings in Yum China by 689.6% in the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after acquiring an additional 462 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in Yum China during the first quarter valued at about $29,000. CX Institutional purchased a new stake in Yum China during the first quarter valued at about $37,000. Goodman Advisory Group LLC purchased a new stake in Yum China during the first quarter valued at about $41,000. Finally, Graney & King LLC purchased a new stake in Yum China during the fourth quarter valued at about $39,000. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Stock Performance

NYSE YUMC traded down $0.69 on Friday, hitting $46.87. 1,958,533 shares of the company traded hands, compared to its average volume of 2,862,485. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 1.78 and a beta of 0.28. 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 business's 50 day moving average price is $44.78 and its 200-day moving average price is $46.25. Yum China has a 52-week low of $28.50 and a 52-week high of $53.99.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). The business had revenue of $2.98 billion for the quarter, compared to analyst estimates 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 for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Equities analysts expect that Yum China will post 2.54 earnings per share for the current year.

Yum China Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.05%. Yum China's dividend payout ratio is presently 40.17%.

Analyst Upgrades and Downgrades

Separately, Daiwa America upgraded 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 issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average 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.