Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 293,808 shares of the company’s stock after buying an additional 19,548 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Yum China worth $12,466,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. boosted its position in Yum China by 237.1% in the third quarter. American Century Companies Inc. now owns 559,994 shares of the company’s stock worth $31,203,000 after purchasing an additional 393,881 shares during the last quarter. DAVENPORT & Co LLC purchased a new position in Yum China in the fourth quarter worth $1,655,000. Allspring Global Investments Holdings LLC boosted its position in Yum China by 13.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,766,787 shares of the company’s stock worth $159,825,000 after purchasing an additional 433,411 shares during the last quarter. XY Capital Ltd boosted its position in Yum China by 1,325.8% in the third quarter. XY Capital Ltd now owns 107,650 shares of the company’s stock worth $5,998,000 after purchasing an additional 100,100 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Yum China by 17.5% in the fourth quarter. Nordea Investment Management AB now owns 369,621 shares of the company’s stock worth $15,657,000 after purchasing an additional 54,958 shares during the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Yum China Stock Down 0.3 %

Shares of NYSE YUMC opened at $37.09 on Friday. Yum China Holdings, Inc. has a one year low of $33.55 and a one year 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 business’s fifty day moving average price is $40.30 and its 200-day moving average price is $42.55. The stock has a market capitalization of $14.54 billion, a PE ratio of 18.92, a P/E/G ratio of 1.39 and a beta of 0.45.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.12. Yum China had a return on equity of 11.63% and a net margin of 7.53%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities research analysts anticipate that Yum China Holdings, Inc. will post 2.19 EPS for the current year.

Yum China Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 5th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from Yum China’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Monday, March 4th. Yum China’s payout ratio is presently 32.65%.

Wall Street Analyst Weigh In

YUMC has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $38.00 price objective (down previously from $65.00) on shares of Yum China in a research report on Thursday, January 4th. HSBC cut their price objective on Yum China from $66.80 to $51.30 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.