OneDigital Investment Advisors LLC raised its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 19.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,909 shares of the company’s stock after purchasing an additional 1,642 shares during the period. OneDigital Investment Advisors LLC’s holdings in Yum China were worth $446,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. GUARDCAP ASSET MANAGEMENT Ltd raised its stake in shares of Yum China by 38.4% during the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 12,223,942 shares of the company’s stock valued at $486,391,000 after purchasing an additional 3,389,987 shares in the last quarter. Waverton Investment Management Ltd raised its position in shares of 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 buying an additional 3,270,560 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Yum China by 49.6% during the 3rd quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company’s stock worth $356,206,000 after buying an additional 2,609,494 shares in the last quarter. Earnest Partners LLC bought a new position in Yum China during the 1st quarter valued at $65,645,000. Finally, Mondrian Investment Partners LTD increased its position in shares of Yum China by 56.3% during the 2nd quarter. Mondrian Investment Partners LTD now owns 4,394,628 shares of the company’s stock valued at $133,203,000 after purchasing an additional 1,582,859 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on YUMC shares. JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and raised their target price for the company from $35.50 to $60.00 in a research note on Tuesday, November 5th. Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $30.00 to $37.40 in a research 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, Citigroup raised shares of Yum China to a “strong-buy” rating in a research note on Monday, September 30th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Yum China currently has a consensus rating of “Buy” and a consensus target price of $51.68.
Yum China Price Performance
NYSE YUMC opened at $47.35 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a 1 year low of $28.50 and a 1 year high of $52.00. The company has a market cap of $17.98 billion, a PE ratio of 20.87, a PEG ratio of 1.71 and a beta of 0.36. The stock’s 50-day moving average price is $44.15 and its two-hundred day moving average price is $37.29.
Yum China (NYSE:YUMC – Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The company 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%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 earnings per share. On average, analysts predict that Yum China Holdings, Inc. will post 2.31 EPS for the current year.
Yum China Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a yield of 1.35%. Yum China’s payout ratio is 28.32%.
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.
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