Tiger Pacific Capital LP reduced its stake in shares of Yum China Holdings Inc (NYSE:YUMC) by 21.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 449,500 shares of the company’s stock after selling 119,527 shares during the quarter. Yum China comprises about 8.1% of Tiger Pacific Capital LP’s investment portfolio, making the stock its 5th biggest position. Tiger Pacific Capital LP owned 0.12% of Yum China worth $15,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA increased its stake in Yum China by 32.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 18,374,776 shares of the company’s stock worth $706,693,000 after acquiring an additional 4,475,130 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Yum China by 125.2% during the second quarter. OppenheimerFunds Inc. now owns 6,750,611 shares of the company’s stock worth $259,628,000 after acquiring an additional 3,753,093 shares during the last quarter. Genesis Asset Managers LLP increased its stake in Yum China by 19.2% during the third quarter. Genesis Asset Managers LLP now owns 6,223,553 shares of the company’s stock worth $218,509,000 after acquiring an additional 1,003,729 shares during the last quarter. Vontobel Asset Management Inc. purchased a new position in shares of Yum China during the second quarter valued at approximately $230,185,000. Finally, Bank of Montreal Can boosted its position in shares of Yum China by 2.6% during the third quarter. Bank of Montreal Can now owns 3,882,707 shares of the company’s stock valued at $136,322,000 after buying an additional 96,948 shares during the period. 82.54% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on YUMC shares. Bank of America lowered Yum China from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $44.30 to $34.00 in a research report on Thursday, July 19th. Macquarie lowered Yum China from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 2nd. Oppenheimer dropped their target price on Yum China from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, August 2nd. UBS Group lowered Yum China from an “outperform” rating to a “market perform” rating in a research report on Friday, August 17th. Finally, Zacks Investment Research upgraded Yum China from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Yum China presently has a consensus rating of “Hold” and an average target price of $42.75.
Yum China stock traded down $0.59 during mid-day trading on Wednesday, reaching $36.71. 17,074 shares of the company were exchanged, compared to its average volume of 2,575,607. The company has a quick ratio of 1.51, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. The firm has a market cap of $13.80 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.65 and a beta of 0.56. Yum China Holdings Inc has a 12-month low of $30.10 and a 12-month high of $48.75.
Yum China (NYSE:YUMC) last posted its earnings results on Tuesday, October 30th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.24 billion. Yum China had a return on equity of 20.94% and a net margin of 6.45%. Yum China’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities analysts expect that Yum China Holdings Inc will post 1.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, November 26th. This represents a $0.48 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Yum China’s previous quarterly dividend of $0.10. Yum China’s dividend payout ratio is currently 28.17%.
In other Yum China news, insider Angela Ai sold 4,529 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $38.25, for a total transaction of $173,234.25. Following the completion of the sale, the insider now owns 9,000 shares in the company, valued at $344,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.37% of the stock is owned by corporate insiders.
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Yum China Profile
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
Further Reading: Price to Earnings Ratio (PE) Basics
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