Yum China $YUMC Stake Decreased by Ativo Capital Management LLC

Key Points

• Ativo Capital Management LLC reduced its stake in Yum China by 17.4%, holding 103,020 shares after selling 21,760 shares during Q2, while other institutional investors increased their positions significantly.
• Yum China stock rose by 1.1% and currently has a market capitalization of $15.68 billion, with a PE ratio of 17.81 and an average target price of $60.00 according to analysts.
• The company recently announced a quarterly dividend of $0.24 per share, yielding 2.2%, and had a dividend payout ratio of 39.67%.

Ativo Capital Management LLC cut its holdings in Yum China (NYSE:YUMC - Free Report) by 17.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,020 shares of the company's stock after selling 21,760 shares during the quarter. Yum China accounts for 4.1% of Ativo Capital Management LLC's portfolio, making the stock its 6th biggest holding. Ativo Capital Management LLC's holdings in Yum China were worth $4,606,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Yum China by 29.7% during the first quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock worth $1,248,709,000 after buying an additional 5,485,735 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Yum China by 1.3% during the first quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company's stock worth $796,723,000 after buying an additional 200,938 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Yum China by 35.6% during the first 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. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 acquiring an additional 11,346,069 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Yum China by 1.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,185,305 shares of the company's stock worth $217,887,000 after acquiring an additional 56,288 shares in the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Yum China in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $60.00.

Yum China Stock Up 1.1%

Shares of NYSE YUMC opened at $43.10 on Tuesday. Yum China has a 12-month low of $41.00 and a 12-month high of $53.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. The firm's 50-day moving average is $44.12 and its two-hundred day moving average is $44.93. The company has a market capitalization of $15.68 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.60 and a beta of 0.18.

Yum China (NYSE:YUMC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the company earned $0.55 EPS. Yum China's revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, September 2nd. Yum China's dividend payout ratio is 39.67%.

About Yum China

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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