Yum China Holdings, Inc. (NYSE:YUMC) Holdings Lifted by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in Yum China Holdings, Inc. (NYSE:YUMC) by 12.6% in the 4th quarter, HoldingsChannel reports. The fund owned 612,497 shares of the company’s stock after acquiring an additional 68,757 shares during the period. Mackenzie Financial Corp’s holdings in Yum China were worth $25,988,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in YUMC. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Yum China by 140.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 250,975 shares of the company’s stock valued at $10,187,000 after acquiring an additional 146,410 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Yum China by 2.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,843 shares of the company’s stock valued at $907,000 after acquiring an additional 528 shares in the last quarter. Cetera Advisor Networks LLC boosted its holdings in shares of Yum China by 7.5% in the first quarter. Cetera Advisor Networks LLC now owns 12,533 shares of the company’s stock valued at $521,000 after acquiring an additional 871 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Yum China in the first quarter valued at approximately $418,000. Finally, Rhumbline Advisers boosted its holdings in shares of Yum China by 5.3% in the first quarter. Rhumbline Advisers now owns 407,659 shares of the company’s stock valued at $16,934,000 after acquiring an additional 20,676 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors.

Yum China Stock Down 0.3 %

YUMC stock opened at $36.85 on Thursday. Yum China Holdings, Inc. has a 12 month low of $33.55 and a 12 month high of $64.50. The firm has a market cap of $14.45 billion, a PE ratio of 18.80, a P/E/G ratio of 1.38 and a beta of 0.45. The firm has a 50 day simple moving average of $40.35 and a 200 day simple moving average of $42.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.42 and a quick ratio of 1.24.

Yum China (NYSE:YUMC) last released its earnings results on Tuesday, February 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.13 by $0.12. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.32 billion. Yum China had a net margin of 7.53% and a return on equity of 11.63%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 earnings per share. Equities research analysts forecast that Yum China Holdings, Inc. will post 2.19 earnings per share for the current fiscal year.

Yum China Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 5th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Monday, March 4th. This is an increase from Yum China’s previous quarterly dividend of $0.13. Yum China’s dividend payout ratio is 32.65%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $38.00 price objective (down from $65.00) on shares of Yum China in a report on Thursday, January 4th. HSBC cut their target price on shares of Yum China from $66.80 to $51.30 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.65.

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.