Stephens Inc. AR cut its holdings in Yum China (NYSE:YUMC – Free Report) by 40.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,061 shares of the company’s stock after selling 6,773 shares during the period. Stephens Inc. AR’s holdings in Yum China were worth $450,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in YUMC. Wealth Enhancement Advisory Services LLC boosted its position in Yum China by 3.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 29,501 shares of the company’s stock valued at $1,536,000 after buying an additional 852 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Yum China by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 34,115 shares of the company’s stock valued at $1,776,000 after buying an additional 426 shares during the period. Oppenheimer & Co. Inc. boosted its position in Yum China by 67.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 10,412 shares of the company’s stock valued at $542,000 after buying an additional 4,211 shares during the period. Asset Management One Co. Ltd. boosted its position in Yum China by 7.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 60,932 shares of the company’s stock valued at $3,172,000 after buying an additional 4,036 shares during the period. Finally, Spire Wealth Management boosted its position in Yum China by 30.5% during the 1st quarter. Spire Wealth Management now owns 1,744 shares of the company’s stock valued at $91,000 after buying an additional 408 shares during the period. Hedge funds and other institutional investors own 85.58% of the company’s stock.
Yum China Stock Down 1.6%
Shares of NYSE YUMC opened at $44.78 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01. Yum China has a 12 month low of $41.00 and a 12 month high of $53.99. The firm has a market capitalization of $16.29 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.67 and a beta of 0.18. The firm has a fifty day simple moving average of $44.05 and a two-hundred day simple moving average of $44.67.
Yum China Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 2nd. Yum China’s dividend payout ratio (DPR) is presently 39.67%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $60.00.
Get Our Latest Stock Report on Yum China
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.
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