CIBC Asset Management Inc Sells 609 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

CIBC Asset Management Inc cut its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,727 shares of the company’s stock after selling 609 shares during the period. CIBC Asset Management Inc’s holdings in Yum China were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC raised 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 acquired a new stake in shares of Yum China during the 1st quarter worth about $36,000. Farther Finance Advisors LLC grew its position in shares of Yum China by 43.9% in the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 258 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in Yum China during the 1st quarter worth $39,000. Finally, McClarren Financial Advisors Inc. boosted its holdings in Yum China by 906.5% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock valued at $42,000 after purchasing an additional 834 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Stock Performance

NYSE:YUMC opened at $47.06 on Friday. 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 twelve month low of $28.50 and a twelve month high of $52.00. The company has a fifty day moving average of $44.42 and a 200-day moving average of $37.36. The firm has a market capitalization of $17.87 billion, a P/E ratio of 20.81, a P/E/G ratio of 1.68 and a beta of 0.36.

Yum China (NYSE:YUMC) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.03 billion. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. As a group, sell-side analysts anticipate that Yum China Holdings, Inc. will post 2.33 EPS for the current year.

Yum China Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Macquarie raised Yum China from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $37.40 in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $35.50 to $60.00 in a report on Tuesday, November 5th. StockNews.com upgraded shares of Yum China from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Citigroup raised 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 data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price 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.