Mackenzie Financial Corp Purchases 68,757 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Mackenzie Financial Corp lifted its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 12.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 612,497 shares of the company's stock after acquiring an additional 68,757 shares during the period. Mackenzie Financial Corp owned 0.15% of Yum China worth $25,988,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Yum China by 788.9% during the 3rd quarter. Vanguard Group Inc. now owns 16,628,571 shares of the company's stock valued at $787,029,000 after purchasing an additional 14,757,971 shares in the last quarter. Norges Bank bought a new stake in Yum China during the 4th quarter valued at $294,441,000. Vontobel Asset Management Inc. increased its stake in Yum China by 8,088.2% during the 1st quarter. Vontobel Asset Management Inc. now owns 3,212,482 shares of the company's stock valued at $214,452,000 after purchasing an additional 3,173,249 shares in the last quarter. Bank of America Corp DE increased its stake in Yum China by 21.2% during the 1st quarter. Bank of America Corp DE now owns 5,759,174 shares of the company's stock valued at $365,074,000 after purchasing an additional 1,008,866 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Yum China by 23.3% during the 3rd quarter. Schroder Investment Management Group now owns 4,847,238 shares of the company's stock valued at $270,088,000 after purchasing an additional 916,418 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Stock Up 0.9 %

Shares of NYSE YUMC traded up $0.34 during trading on Thursday, hitting $37.22. The stock had a trading volume of 2,827,279 shares, compared to its average volume of 3,489,655. Yum China Holdings, Inc. has a 12 month low of $33.55 and a 12 month high of $64.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.42 and a quick ratio of 1.24. The company has a market capitalization of $14.59 billion, a PE ratio of 18.80, a PEG ratio of 1.38 and a beta of 0.45. The firm has a fifty day moving average of $40.35 and a two-hundred day moving average of $42.58.

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

Yum China Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 5th were issued a $0.16 dividend. This is an increase from Yum China's previous quarterly dividend of $0.13. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Monday, March 4th. Yum China's payout ratio is 32.65%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. HSBC decreased their price target on shares of Yum China from $66.80 to $51.30 and set a "buy" rating for the company in a research note on Wednesday, March 6th. JPMorgan Chase & Co. restated a "neutral" rating and set a $38.00 price target (down previously from $65.00) on shares of Yum China in a research note on Thursday, January 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Yum China has a consensus rating of "Moderate Buy" and a consensus target price of $54.65.

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.