Euro Pacific Asset Management LLC acquired a new position in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 36,517 shares of the company's stock, valued at approximately $1,650,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in shares of Yum China by 43.9% during the 3rd 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 period. LRI Investments LLC purchased a new position in shares of Yum China during the 1st quarter worth about $36,000. McClarren Financial Advisors Inc. boosted its stake in shares of Yum China by 906.5% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company's stock worth $42,000 after purchasing an additional 834 shares during the period. Pathway Financial Advisers LLC bought a new stake in Yum China during the 1st quarter valued at about $39,000. Finally, Eagle Bay Advisors LLC lifted its holdings in Yum China by 53.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company's stock valued at $34,000 after buying an additional 380 shares in the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.
Yum China Stock Down 0.0 %
Shares of NYSE:YUMC traded down $0.02 during trading hours on Friday, hitting $47.21. The company's stock had a trading volume of 2,767,814 shares, compared to its average volume of 2,972,201. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $52.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.09. The company has a market capitalization of $17.93 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.69 and a beta of 0.36. The firm's fifty day moving average price is $43.61 and its 200 day moving average price is $37.14.
Yum China (NYSE:YUMC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.68 by $0.09. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the business posted $0.59 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Yum China Holdings, Inc. will post 2.31 EPS for the current year.
Yum China Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, November 26th. Yum China's payout ratio is currently 28.32%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on YUMC. Citigroup upgraded shares of Yum China to a "strong-buy" rating in a report on Monday, September 30th. StockNews.com upgraded shares of Yum China from a "hold" rating to a "buy" rating in a report on Friday. JPMorgan Chase & Co. upgraded shares of Yum China from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $35.50 to $60.00 in a report on Tuesday, November 5th. Finally, Macquarie upgraded shares of Yum China from an "underperform" rating to an "outperform" rating and lifted their price objective for the company from $30.00 to $37.40 in a report on Tuesday, August 6th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $51.68.
View Our Latest Analysis on YUMC
Yum China 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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