Qsemble Capital Management LP purchased a new position in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 43,956 shares of the company's stock, valued at approximately $1,979,000.
A number of other institutional investors also recently made changes to their positions in YUMC. Harvest Fund Management Co. Ltd boosted its stake in Yum China by 590.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 61,745 shares of the company's stock valued at $2,913,000 after buying an additional 52,808 shares in the last quarter. Davis R M Inc. acquired a new position in shares of Yum China in the 3rd quarter worth approximately $267,000. Daiwa Securities Group Inc. raised its holdings in shares of Yum China by 28.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,745 shares of the company's stock worth $304,000 after purchasing an additional 1,500 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its holdings in Yum China by 142.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 19,825 shares of the company's stock worth $893,000 after buying an additional 11,650 shares in the last quarter. Finally, Okabena Investment Services Inc. grew its position in Yum China by 18.9% in the third quarter. Okabena Investment Services Inc. now owns 57,045 shares of the company's stock worth $2,568,000 after buying an additional 9,066 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.
Yum China Stock Down 4.5 %
Yum China stock traded down $2.13 during mid-day trading on Tuesday, hitting $45.45. The company's stock had a trading volume of 2,448,388 shares, compared to its average volume of 3,206,604. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.15. Yum China Holdings, Inc. has a 52-week low of $28.50 and a 52-week high of $52.00. The firm's 50 day moving average is $45.18 and its 200 day moving average is $37.56. The company has a market cap of $17.26 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.67 and a beta of 0.36.
Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.77 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 firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. On average, analysts anticipate that Yum China Holdings, Inc. will post 2.33 earnings per share for the current year.
Yum China Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 annualized dividend and a dividend yield of 1.41%. Yum China's dividend payout ratio is 28.32%.
Analyst Upgrades and Downgrades
YUMC has been the subject of several research reports. Citigroup raised Yum China to a "strong-buy" rating in a research note on Monday, September 30th. Macquarie upgraded Yum China from an "underperform" rating to an "outperform" rating and boosted their price objective for the stock from $30.00 to $37.40 in a report on Tuesday, August 6th. StockNews.com upgraded shares of Yum China from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. upgraded shares of Yum China from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $35.50 to $60.00 in a report on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $51.68.
View Our Latest Stock Analysis on Yum China
About Yum China
(
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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