Raymond James & Associates Has $65.12 Million Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Raymond James & Associates increased its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 22.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,446,438 shares of the company’s stock after purchasing an additional 260,493 shares during the period. Raymond James & Associates owned approximately 0.37% of Yum China worth $65,119,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Capital Investment Advisors LLC acquired a new position in Yum China during the third quarter valued at approximately $281,000. KMG Fiduciary Partners LLC bought a new stake in shares of Yum China during the 3rd quarter worth $256,000. Claro Advisors LLC acquired a new position in Yum China in the 3rd quarter valued at $331,000. Ironwood Financial llc bought a new position in Yum China in the 3rd quarter worth $201,000. Finally, Applied Capital LLC FL bought a new stake in Yum China during the third quarter valued at about $779,000. 85.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citigroup upgraded 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 upped their price target for the stock from $30.00 to $37.40 in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.18.

Yum China Stock Down 0.6 %

YUMC stock opened at $43.57 on Tuesday. The business’s 50-day simple moving average is $38.72 and its 200 day simple moving average is $36.01. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 0.01. The company has a market cap of $16.98 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.63 and a beta of 0.35. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $53.83.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Monday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Yum China had a return on equity of 12.41% and a net margin of 7.61%. Yum China’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. On average, research analysts anticipate that Yum China Holdings, Inc. will post 2.22 earnings per share for the current year.

Yum China Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 27th. This represents a $0.64 annualized dividend and a dividend yield of 1.47%. Yum China’s dividend payout ratio (DPR) is currently 32.16%.

Insider Activity at Yum China

In other Yum China news, Director Robert Blaine Aiken, Jr. purchased 3,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $33.74 per share, for a total transaction of $101,220.00. Following the completion of the purchase, the director now directly owns 12,088 shares in the company, valued at approximately $407,849.12. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert Blaine Aiken, Jr. acquired 3,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was purchased at an average cost of $33.74 per share, for a total transaction of $101,220.00. Following the completion of the purchase, the director now directly owns 12,088 shares of the company’s stock, valued at $407,849.12. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeff Kuai bought 3,900 shares of Yum China stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of $32.72 per share, for a total transaction of $127,608.00. Following the purchase, the insider now directly owns 3,900 shares in the company, valued at $127,608. The disclosure for this purchase can be found here. Insiders have acquired a total of 18,400 shares of company stock valued at $619,671 over the last quarter. 0.30% of the stock is owned by company insiders.

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.