Procyon Advisors LLC Sells 1,729 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Procyon Advisors LLC lessened its stake in shares of Yum China Holdings, Inc. (NYSE:YUMCFree Report) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,102 shares of the company’s stock after selling 1,729 shares during the period. Procyon Advisors LLC’s holdings in Yum China were worth $471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Yum China by 116.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 464 shares of the company’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its stake in Yum China by 817.3% during the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 477 shares of the company’s stock valued at $27,000 after purchasing an additional 425 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Yum China during the 3rd quarter valued at $27,000. NBC Securities Inc. purchased a new stake in Yum China during the 3rd quarter valued at $29,000. Finally, Anchor Investment Management LLC purchased a new position in shares of Yum China in the 4th quarter worth $40,000. Institutional investors own 85.58% of the company’s stock.

Yum China Price Performance

NYSE:YUMC opened at $39.79 on Friday. Yum China Holdings, Inc. has a 52 week low of $33.55 and a 52 week high of $64.70. The company has a quick ratio of 1.24, a current ratio of 1.42 and a debt-to-equity ratio of 0.01. The business’s 50-day simple moving average is $39.61 and its two-hundred day simple moving average is $44.33. The stock has a market cap of $15.95 billion, a PE ratio of 20.30, a P/E/G ratio of 1.46 and a beta of 0.46.

Yum China (NYSE:YUMCGet Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.12. Yum China had a return on equity of 11.63% and a net margin of 7.53%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. As a group, analysts forecast that Yum China Holdings, Inc. will post 2.19 EPS for the current fiscal year.

Yum China Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, March 4th. This is a positive change from Yum China’s previous quarterly dividend of $0.13. Yum China’s payout ratio is 32.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $38.00 price target (down from $65.00) on shares of Yum China in a research note on Thursday, January 4th. HSBC dropped their price target on Yum China from $66.80 to $51.30 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Yum China in a research note on Tuesday, December 19th. They issued a “buy” rating and a $58.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Yum China has a consensus rating of “Moderate Buy” and an average price target of $54.65.

View Our Latest Report on Yum China

Yum China Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Yum China (NYSE:YUMC)

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