Yum China Holdings, Inc. (NYSE:YUMC) Holdings Lowered by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 876,571 shares of the company's stock after selling 26,747 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Yum China worth $39,463,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Eagle Bay Advisors LLC boosted its position in Yum China by 53.7% in 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 during the last quarter. LRI Investments LLC purchased a new stake in Yum China during the 1st quarter worth approximately $36,000. Farther Finance Advisors LLC raised its position in shares of Yum China by 43.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 258 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of Yum China during the 1st quarter valued at approximately $39,000. Finally, McClarren Financial Advisors Inc. grew its position in shares of Yum China by 906.5% during the third quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company's stock worth $42,000 after buying an additional 834 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on YUMC shares. JPMorgan Chase & Co. upgraded Yum China from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $35.50 to $60.00 in a research note on Tuesday, November 5th. Citigroup upgraded Yum China to a "strong-buy" rating in a report on Monday, September 30th. StockNews.com upgraded Yum China from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Macquarie upgraded shares of 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 research note 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's stock. According to MarketBeat, Yum China has an average rating of "Buy" and a consensus target price of $51.68.

Yum China Stock Performance

YUMC traded down $0.02 during trading on Friday, reaching $47.21. 2,767,814 shares of the company were exchanged, 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 current ratio of 1.29, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $43.61 and a 200 day moving average of $37.14. The stock has a market cap of $17.93 billion, a P/E ratio of 20.89, a PEG ratio of 1.69 and a beta of 0.36.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.77 EPS for the quarter, topping the consensus estimate 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 net margin of 7.97% and a return on equity of 13.39%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 earnings per share. On average, sell-side analysts forecast that Yum China Holdings, Inc. will post 2.31 EPS for the current fiscal year.

Yum China Dividend Announcement

The firm 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 dividend of $0.16 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.64 annualized dividend and a dividend yield of 1.36%. Yum China's dividend payout ratio is presently 28.32%.

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.