M&T Bank Corp Decreases Position in Yum China (NYSE:YUMC)

M&T Bank Corp cut its position in Yum China (NYSE:YUMC) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,110 shares of the company’s stock after selling 484 shares during the quarter. M&T Bank Corp’s holdings in Yum China were worth $2,400,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in YUMC. GeoWealth Management LLC raised its stake in shares of Yum China by 689.6% in the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company’s stock valued at $25,000 after buying an additional 462 shares during the period. CX Institutional purchased a new position in Yum China during the 1st quarter valued at about $37,000. Graney & King LLC purchased a new position in Yum China during the 4th quarter valued at about $39,000. Goodman Advisory Group LLC bought a new stake in shares of Yum China during the first quarter valued at about $41,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Yum China by 58.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company’s stock worth $42,000 after buying an additional 324 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors.

Yum China Price Performance

NYSE:YUMC opened at $47.60 on Friday. Yum China has a 52-week low of $28.50 and a 52-week high of $53.99. The stock has a fifty day moving average of $44.44 and a 200 day moving average of $46.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.26. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 1.82 and a beta of 0.28.

Yum China (NYSE:YUMC) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). Yum China had a net margin of 8.09% and a return on equity of 14.08%. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the business earned $0.71 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, research analysts expect that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Wednesday, May 28th. Yum China’s dividend payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

Separately, Daiwa America raised shares of Yum China to a “strong-buy” rating in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $48.70.

Yum China Company 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.