Park National Corp OH bought a new stake in Yum China Holdings, Inc. (NYSE:YUMC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,299 shares of the company’s stock, valued at approximately $965,000.
A number of other large investors have also recently modified their holdings of YUMC. Norges Bank bought a new stake in shares of Yum China during the fourth quarter worth $270,868,000. Price T Rowe Associates Inc. MD increased its position in shares of Yum China by 122.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,130,183 shares of the company’s stock worth $292,882,000 after acquiring an additional 2,828,377 shares in the last quarter. Cambiar Investors LLC bought a new stake in shares of Yum China during the fourth quarter worth $79,643,000. Renaissance Technologies LLC bought a new stake in shares of Yum China during the fourth quarter worth $69,062,000. Finally, Canada Pension Plan Investment Board increased its position in shares of Yum China by 95,359.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 975,599 shares of the company’s stock worth $55,697,000 after acquiring an additional 974,577 shares in the last quarter. 81.59% of the stock is owned by hedge funds and other institutional investors.
YUMC has been the subject of several research reports. Atlantic Securities assumed coverage on shares of Yum China in a research report on Tuesday. They set an “overweight” rating and a $72.00 price objective for the company. Jefferies Financial Group raised their target price on shares of Yum China from $63.10 to $68.70 and gave the company a “buy” rating in a research report on Tuesday, January 26th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Yum China currently has a consensus rating of “Buy” and an average price target of $62.14.
Shares of YUMC stock opened at $60.62 on Thursday. The stock has a market cap of $25.49 billion, a P/E ratio of 45.62, a P/E/G ratio of 4.78 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.34 and a quick ratio of 1.14. The company has a fifty day moving average price of $60.57 and a two-hundred day moving average price of $57.62. Yum China Holdings, Inc. has a one year low of $43.15 and a one year high of $64.64.
Yum China (NYSE:YUMC) last announced its quarterly earnings results on Tuesday, February 2nd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Yum China had a net margin of 6.33% and a return on equity of 16.35%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. As a group, equities research analysts anticipate that Yum China Holdings, Inc. will post 1.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Wednesday, March 3rd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Tuesday, March 2nd. Yum China’s dividend payout ratio is currently 12.77%.
About Yum China
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates through two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, COFFii & JOY, East Dawning, Taco Bell, and Lavazza brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, specialty coffee, simmer pot, and Italian coffee categories.
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