Pictet Asset Management Ltd. lowered its stake in shares of Yum China Holdings Inc (NYSE:YUMC) by 16.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 582,900 shares of the company’s stock after selling 110,898 shares during the quarter. Pictet Asset Management Ltd. owned approximately 0.15% of Yum China worth $26,930,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bogle Investment Management L P DE boosted its position in Yum China by 1,757.3% during the second quarter. Bogle Investment Management L P DE now owns 304,602 shares of the company’s stock worth $14,073,000 after purchasing an additional 288,202 shares during the period. Meadow Creek Investment Management LLC boosted its position in Yum China by 750.5% during the second quarter. Meadow Creek Investment Management LLC now owns 28,304 shares of the company’s stock worth $1,308,000 after purchasing an additional 24,976 shares during the period. Commonwealth Bank of Australia boosted its position in Yum China by 812.4% during the second quarter. Commonwealth Bank of Australia now owns 512,804 shares of the company’s stock worth $23,684,000 after purchasing an additional 456,599 shares during the period. Tyers Asset Management LLC boosted its position in Yum China by 750.5% during the second quarter. Tyers Asset Management LLC now owns 49,532 shares of the company’s stock worth $2,289,000 after purchasing an additional 43,708 shares during the period. Finally, Flinton Capital Management LLC boosted its position in Yum China by 750.5% during the second quarter. Flinton Capital Management LLC now owns 60,146 shares of the company’s stock worth $2,779,000 after purchasing an additional 53,074 shares during the period. Institutional investors own 85.19% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Yum China from a “strong-buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research report on Friday, July 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $51.65.
Shares of YUMC stock traded down $0.75 during trading hours on Friday, reaching $47.16. The stock had a trading volume of 505,569 shares, compared to its average volume of 1,705,788. The stock’s fifty day simple moving average is $44.54 and its 200 day simple moving average is $43.56. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01. Yum China Holdings Inc has a 12 month low of $30.60 and a 12 month high of $48.29. The firm has a market capitalization of $17.32 billion, a PE ratio of 30.82, a PEG ratio of 2.85 and a beta of 1.14.
Yum China (NYSE:YUMC) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.09. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Yum China had a net margin of 7.91% and a return on equity of 21.03%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. As a group, equities research analysts anticipate that Yum China Holdings Inc will post 1.71 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Monday, August 26th. Yum China’s dividend payout ratio is currently 31.37%.
About Yum China
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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