Banque Cantonale Vaudoise raised its holdings in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 38.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,321 shares of the company's stock after buying an additional 23,625 shares during the period. Banque Cantonale Vaudoise's holdings in Yum China were worth $3,796,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of YUMC. Farther Finance Advisors LLC grew its holdings in shares of Yum China by 43.9% during the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company's stock worth $38,000 after purchasing an additional 258 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its stake in Yum China by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 6,802 shares of the company's stock worth $271,000 after buying an additional 286 shares during the last quarter. Blair William & Co. IL increased its position in Yum China by 1.2% during the second quarter. Blair William & Co. IL now owns 25,639 shares of the company's stock worth $791,000 after buying an additional 302 shares during the period. Carmichael Hill & Associates Inc. lifted its stake in Yum China by 12.1% in the second quarter. Carmichael Hill & Associates Inc. now owns 3,338 shares of the company's stock valued at $103,000 after buying an additional 360 shares during the last quarter. Finally, Eagle Bay Advisors LLC boosted its holdings in shares of Yum China by 53.7% in the second quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company's stock valued at $34,000 after acquiring an additional 380 shares during the period. 85.58% of the stock is owned by hedge funds and other institutional investors.
Yum China Price Performance
Shares of NYSE:YUMC traded down $0.07 on Wednesday, reaching $47.35. 1,240,854 shares of the company were exchanged, compared to its average volume of 3,217,366. The company has a 50-day moving average of $44.15 and a 200-day moving average of $37.29. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. The firm has a market cap of $17.98 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 1.71 and a beta of 0.36. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $52.00.
Yum China (NYSE:YUMC - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.09. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The company had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same period last year, the company posted $0.59 earnings per share. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that Yum China Holdings, Inc. will post 2.31 earnings per share for the current fiscal year.
Yum China Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Tuesday, November 26th. Yum China's dividend payout ratio (DPR) is presently 28.32%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on YUMC shares. JPMorgan Chase & Co. raised Yum China from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. StockNews.com upgraded Yum China from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Macquarie raised Yum China from an "underperform" rating to an "outperform" rating and boosted their target price for the company from $30.00 to $37.40 in a report on Tuesday, August 6th. Finally, Citigroup upgraded shares of Yum China to a "strong-buy" rating in a research note on Monday, September 30th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $51.68.
Check Out Our Latest Report on YUMC
Yum China Company Profile
(
Free Report)
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.
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