Yum China (NYSE:YUMC) Stock Position Reduced by RedJay Asset Management Inc.

RedJay Asset Management Inc. reduced its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 28.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,000 shares of the company's stock after selling 35,000 shares during the quarter. Yum China makes up 2.5% of RedJay Asset Management Inc.'s investment portfolio, making the stock its 10th biggest holding. RedJay Asset Management Inc.'s holdings in Yum China were worth $4,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Snowden Capital Advisors LLC lifted its position in Yum China by 5.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 4,726 shares of the company's stock valued at $228,000 after acquiring an additional 261 shares during the last quarter. Atria Investments Inc increased its position in shares of Yum China by 1.2% during the fourth quarter. Atria Investments Inc now owns 23,074 shares of the company's stock worth $1,111,000 after purchasing an additional 273 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Yum China by 4.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,180 shares of the company's stock valued at $298,000 after purchasing an additional 276 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings 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 during the last quarter. Finally, Merit Financial Group LLC boosted its position in shares of Yum China by 4.9% in the 1st quarter. Merit Financial Group LLC now owns 7,006 shares of the company's stock valued at $365,000 after purchasing an additional 330 shares during the period. Institutional investors and hedge funds own 85.58% of the company's stock.

Wall Street Analyst Weigh In

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

Yum China Trading Up 0.0%

Shares of Yum China stock opened at $44.62 on Monday. 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 company has a market capitalization of $16.56 billion, a P/E ratio of 18.67, a PEG ratio of 1.69 and a beta of 0.28. Yum China has a 1 year low of $28.50 and a 1 year high of $53.99. The company's fifty day moving average is $44.11 and its two-hundred day moving average is $46.47.

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 the consensus estimate of $0.78 by ($0.01). The company 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%. Yum China's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. Analysts forecast that Yum China will post 2.54 earnings per share for the current year.

Yum China Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th were issued 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 2.15%. Yum China's dividend payout ratio is currently 40.17%.

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.

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