Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 461,282 shares of the company’s stock after selling 4,204 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Yum China were worth $26,062,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in YUMC. Cary Street Partners Investment Advisory LLC lifted its stake in Yum China by 102.2% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 5,180 shares of the company’s stock valued at $293,000 after purchasing an additional 2,618 shares during the last quarter. Boston Partners bought a new stake in Yum China in the 2nd quarter valued at $66,000. Russell Investments Group Ltd. lifted its holdings in Yum China by 9.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 819,357 shares of the company’s stock valued at $46,288,000 after purchasing an additional 70,414 shares during the last quarter. YHB Investment Advisors Inc. boosted its position in Yum China by 100.2% during the second quarter. YHB Investment Advisors Inc. now owns 120,993 shares of the company’s stock worth $7,253,000 after purchasing an additional 60,547 shares during the period. Finally, BNP Paribas Arbitrage SNC raised its position in shares of Yum China by 14.4% in the second quarter. BNP Paribas Arbitrage SNC now owns 769,313 shares of the company’s stock valued at $43,466,000 after purchasing an additional 96,828 shares during the period. 73.91% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
YUMC has been the topic of a number of recent research reports. StockNews.com lowered shares of Yum China from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. HSBC increased their target price on Yum China from $77.90 to $79.20 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Finally, Jefferies Financial Group upgraded shares of Yum China from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.78 to $71.30 in a research note on Thursday, September 21st. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.25.
Yum China Stock Up 0.8 %
Shares of NYSE:YUMC opened at $46.27 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.42 and a current ratio of 1.59. Yum China Holdings, Inc. has a 52-week low of $41.48 and a 52-week high of $64.70. The company has a market capitalization of $19.14 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.23 and a beta of 0.57. The company has a fifty day moving average of $51.68 and a 200-day moving average of $55.33.
Yum China (NYSE:YUMC – Get Free Report) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). Yum China had a net margin of 7.41% and a return on equity of 10.91%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts predict that Yum China Holdings, Inc. will post 1.94 EPS for the current fiscal year.
Yum China Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.52 annualized dividend and a yield of 1.12%. Yum China’s dividend payout ratio is currently 27.96%.
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, which sells electronics, home and kitchen accessories, and other general merchandise, as well as fried rice, steak, and pasta; and offers online food deliver services.
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