DAVENPORT & Co LLC Takes $1.66 Million Position in Yum China Holdings, Inc. (NYSE:YUMC)

DAVENPORT & Co LLC acquired a new stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 39,141 shares of the company's stock, valued at approximately $1,655,000.

Several other hedge funds also recently modified their holdings of the stock. Perigon Wealth Management LLC grew its holdings in shares of Yum China by 2.6% in the 3rd quarter. Perigon Wealth Management LLC now owns 7,576 shares of the company's stock valued at $422,000 after acquiring an additional 194 shares in the last quarter. Boothbay Fund Management LLC grew its holdings in Yum China by 2.5% during the first quarter. Boothbay Fund Management LLC now owns 8,976 shares of the company's stock worth $569,000 after purchasing an additional 218 shares during the period. Beacon Pointe Advisors LLC grew its holdings in Yum China by 1.1% during the second quarter. Beacon Pointe Advisors LLC now owns 21,103 shares of the company's stock worth $1,192,000 after purchasing an additional 223 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Yum China by 1.6% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 15,551 shares of the company's stock worth $867,000 after purchasing an additional 243 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Yum China by 116.8% during the second quarter. Farther Finance Advisors LLC now owns 464 shares of the company's stock worth $26,000 after purchasing an additional 250 shares during the period. Institutional investors own 85.58% of the company's stock.

Analyst Upgrades and Downgrades

YUMC has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Yum China in a report on Tuesday, December 19th. They set a "buy" rating and a $58.00 price target for the company. HSBC reduced their price target on Yum China from $66.80 to $51.30 and set a "buy" rating for the company in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $38.00 price target (down previously from $65.00) on shares of Yum China in a report on Thursday, January 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $54.65.

Yum China Price Performance

Shares of NYSE YUMC traded down $0.77 during midday trading on Friday, reaching $38.67. The company's stock had a trading volume of 2,421,446 shares, compared to its average volume of 2,800,139. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 1.42. Yum China Holdings, Inc. has a fifty-two week low of $33.55 and a fifty-two week high of $64.70. The business's 50 day moving average price is $40.08 and its two-hundred day moving average price is $43.51. The company has a market cap of $15.16 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.45 and a beta of 0.45.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.12. Yum China had a net margin of 7.53% and a return on equity of 11.63%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the business earned $0.13 earnings per share. The firm's quarterly revenue was up 19.4% on a year-over-year basis. On average, analysts forecast that Yum China Holdings, Inc. will post 2.19 EPS for the current fiscal year.

Yum China Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.16 per share. This is an increase from Yum China's previous quarterly dividend of $0.13. This represents a $0.64 annualized dividend and a yield of 1.66%. The ex-dividend date was Monday, March 4th. Yum China's payout ratio is currently 32.65%.

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.