Veritas Asset Management LLP Has $93.32 Million Stock Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Veritas Asset Management LLP boosted its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 30.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,199,338 shares of the company's stock after buying an additional 509,338 shares during the period. Yum China makes up approximately 0.7% of Veritas Asset Management LLP's holdings, making the stock its 20th biggest holding. Veritas Asset Management LLP owned 0.53% of Yum China worth $93,318,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Yum China during the fourth quarter worth about $265,777,000. Schroder Investment Management Group raised its holdings in shares of Yum China by 23.3% in the third quarter. Schroder Investment Management Group now owns 4,847,238 shares of the company's stock valued at $270,088,000 after purchasing an additional 916,418 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Yum China by 61.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,347,908 shares of the company's stock worth $57,289,000 after purchasing an additional 513,615 shares in the last quarter. National Bank of Canada FI boosted its holdings in Yum China by 1,352.0% during the fourth quarter. National Bank of Canada FI now owns 479,196 shares of the company's stock worth $20,337,000 after purchasing an additional 446,194 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Yum China by 13.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,766,787 shares of the company's stock worth $159,825,000 after purchasing an additional 433,411 shares during the last quarter. Institutional investors own 85.58% of the company's stock.

Yum China Stock Down 1.4 %

Shares of NYSE:YUMC traded down $0.48 during midday trading on Monday, hitting $34.70. The stock had a trading volume of 1,476,945 shares, compared to its average volume of 3,305,265. The company has a market cap of $13.52 billion, a P/E ratio of 17.44, a PEG ratio of 1.66 and a beta of 0.39. Yum China Holdings, Inc. has a 12 month low of $33.55 and a 12 month high of $61.99. The business's 50-day simple moving average is $37.52 and its 200-day simple moving average is $39.20. The company has a quick ratio of 1.24, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

Yum China (NYSE:YUMC - Get Free Report) last issued its earnings results on Monday, April 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.06. Yum China had a net margin of 7.49% and a return on equity of 11.90%. The company had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $3.05 billion. During the same period in the prior year, the firm earned $0.69 EPS. Yum China's quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Yum China Holdings, Inc. will post 2.18 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, May 28th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, May 24th. Yum China's dividend payout ratio (DPR) is presently 32.16%.

Analyst Ratings Changes

Separately, HSBC cut their price target on shares of Yum China from $66.80 to $51.30 and set a "buy" rating on the stock in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Yum China has an average rating of "Moderate Buy" and an average price target of $54.65.

Yum China 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.