BRILLIANCE ASSET MANAGEMENT Ltd acquired a new stake in shares of Yum China Holdings Inc (NYSE:YUMC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 80,594 shares of the company’s stock, valued at approximately $3,661,000. Yum China makes up about 0.9% of BRILLIANCE ASSET MANAGEMENT Ltd’s investment portfolio, making the stock its 5th largest holding.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of Yum China by 497.0% in the second quarter. Invesco Ltd. now owns 35,798,550 shares of the company’s stock worth $1,653,894,000 after buying an additional 29,802,453 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Yum China by 20.0% in the second quarter. JPMorgan Chase & Co. now owns 12,968,619 shares of the company’s stock worth $597,595,000 after buying an additional 2,163,983 shares in the last quarter. Matthews International Capital Management LLC lifted its stake in shares of Yum China by 9.1% in the second quarter. Matthews International Capital Management LLC now owns 5,491,810 shares of the company’s stock worth $253,722,000 after buying an additional 458,200 shares in the last quarter. Vontobel Asset Management Inc. lifted its stake in shares of Yum China by 10.9% in the second quarter. Vontobel Asset Management Inc. now owns 4,983,358 shares of the company’s stock worth $228,200,000 after buying an additional 490,323 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in shares of Yum China in the second quarter worth about $186,840,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.
In other Yum China news, insider Angela Ai sold 13,477 shares of Yum China stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $44.74, for a total transaction of $602,960.98. Following the completion of the sale, the insider now directly owns 28,445 shares in the company, valued at $1,272,629.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.44% of the stock is owned by company insiders.
Several equities analysts have recently weighed in on YUMC shares. ValuEngine downgraded shares of Yum China from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Yum China from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Saturday, September 14th. Finally, Jefferies Financial Group began coverage on shares of Yum China in a research report on Monday, October 28th. They set a “buy” rating and a $54.60 price objective for the company. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $51.64.
Yum China stock traded up $0.33 during midday trading on Friday, hitting $43.85. 2,396,878 shares of the stock were exchanged, compared to its average volume of 2,388,178. Yum China Holdings Inc has a fifty-two week low of $31.35 and a fifty-two week high of $48.36. The stock has a market capitalization of $16.41 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.74 and a beta of 1.11. The stock’s 50-day simple moving average is $43.77 and its 200 day simple moving average is $43.84. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01.
Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Yum China had a net margin of 8.05% and a return on equity of 21.63%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the business earned $0.51 earnings per share. Yum China’s revenue was up 4.8% compared to the same quarter last year. Equities analysts anticipate that Yum China Holdings Inc will post 1.74 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, November 25th. Yum China’s dividend payout ratio is presently 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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