State Street Corp Has $261.95 Million Position in Yum China Holdings, Inc. (NYSE:YUMC)

State Street Corp reduced its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,818,412 shares of the company's stock after selling 275,562 shares during the period. State Street Corp owned 1.53% of Yum China worth $261,945,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of YUMC. Massachusetts Financial Services Co. MA lifted its holdings in Yum China by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,967,353 shares of the company's stock worth $369,073,000 after purchasing an additional 121,617 shares during the last quarter. Principal Financial Group Inc. grew its stake in Yum China by 49.6% in the 3rd quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company's stock valued at $356,206,000 after buying an additional 2,609,494 shares during the last quarter. Mondrian Investment Partners LTD raised its holdings in Yum China by 56.3% in the 2nd quarter. Mondrian Investment Partners LTD now owns 4,394,628 shares of the company's stock worth $133,203,000 after acquiring an additional 1,582,859 shares during the period. Waverton Investment Management Ltd lifted its position in Yum China by 350.7% during the 3rd quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company's stock worth $189,202,000 after acquiring an additional 3,270,560 shares during the last quarter. Finally, FMR LLC boosted its holdings in Yum China by 4,176.5% during the third quarter. FMR LLC now owns 3,588,977 shares of the company's stock valued at $161,576,000 after acquiring an additional 3,505,053 shares during the period. 85.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

YUMC has been the subject of several research analyst reports. StockNews.com raised Yum China from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. JPMorgan Chase & Co. upgraded Yum China from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. Finally, Citigroup upgraded shares of Yum China to a "strong-buy" rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $51.68.

Yum China Stock Performance

Yum China stock traded up $0.38 during trading hours on Wednesday, hitting $49.45. The stock had a trading volume of 1,916,262 shares, compared to its average volume of 3,167,979. The company has a 50-day moving average of $46.93 and a two-hundred day moving average of $38.30. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $52.00. The company has a market cap of $18.78 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.72 and a beta of 0.36.

Yum China (NYSE:YUMC - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.09. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.03 billion. Yum China had a return on equity of 13.39% and a net margin of 7.97%. Yum China's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. On average, equities research analysts anticipate that Yum China Holdings, Inc. will post 2.33 EPS for the current fiscal year.

Yum China Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a yield of 1.29%. Yum China's payout ratio is currently 28.32%.

Insider Buying and Selling

In related news, insider Duoduo (Howard) Huang sold 6,377 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $47.47, for a total transaction of $302,716.19. Following the completion of the sale, the insider now owns 16,641 shares in the company, valued at $789,948.27. This trade represents a 27.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.30% of the company's stock.

Yum China Company 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.