Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by MAI Capital Management

MAI Capital Management lowered its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 18.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,166 shares of the company’s stock after selling 2,701 shares during the period. MAI Capital Management’s holdings in Yum China were worth $548,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of YUMC. Farther Finance Advisors LLC lifted its holdings in 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 acquiring an additional 258 shares during the last quarter. LRI Investments LLC acquired a new stake in Yum China during the first quarter valued at approximately $36,000. McClarren Financial Advisors Inc. boosted its holdings in 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. Pathway Financial Advisers LLC acquired a new position in Yum China in the first quarter worth approximately $39,000. Finally, Eagle Bay Advisors LLC increased its holdings in shares of Yum China by 53.7% in the second 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 in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Price Performance

NYSE:YUMC opened at $47.09 on Friday. The business’s fifty day moving average price is $44.67 and its 200 day moving average price is $37.43. The firm has a market capitalization of $17.88 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.68 and a beta of 0.36. 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.

Yum China (NYSE:YUMC) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the firm earned $0.59 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that Yum China Holdings, Inc. will post 2.33 earnings per share for the current fiscal year.

Yum China Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, November 26th. Yum China’s dividend payout ratio is currently 28.32%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on YUMC shares. Citigroup raised Yum China to a “strong-buy” rating in a research note on Monday, September 30th. Macquarie raised Yum China from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $30.00 to $37.40 in a research note on Tuesday, August 6th. StockNews.com upgraded 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 raised their target price for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. 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 data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $51.68.

About Yum China

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.