Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC trimmed its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,234 shares of the company’s stock after selling 818 shares during the quarter. NewEdge Wealth LLC’s holdings in Yum China were worth $519,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Yum China by 140.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 250,975 shares of the company’s stock worth $10,187,000 after buying an additional 146,410 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Yum China by 2.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,843 shares of the company’s stock worth $907,000 after purchasing an additional 528 shares in the last quarter. Cetera Advisor Networks LLC lifted its position in Yum China by 7.5% in the first quarter. Cetera Advisor Networks LLC now owns 12,533 shares of the company’s stock worth $521,000 after purchasing an additional 871 shares during the period. MetLife Investment Management LLC bought a new position in Yum China during the 1st quarter valued at $418,000. Finally, Rhumbline Advisers increased its position in shares of Yum China by 5.3% during the 1st quarter. Rhumbline Advisers now owns 407,659 shares of the company’s stock valued at $16,934,000 after purchasing an additional 20,676 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on YUMC shares. HSBC cut their price objective on Yum China from $66.80 to $51.30 and set a “buy” rating for the company in a report on Wednesday, March 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a $38.00 price objective (down previously from $65.00) on shares of Yum China in a research report on Thursday, January 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Yum China in a research note on Tuesday, December 19th. They issued a “buy” rating and a $58.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Yum China has a consensus rating of “Moderate Buy” and an average target price of $54.65.

Yum China Trading Down 2.1 %

Shares of NYSE YUMC opened at $36.95 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.42 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a 12 month low of $33.55 and a 12 month high of $64.50. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 1.41 and a beta of 0.45. The business has a fifty day simple moving average of $40.43 and a 200-day simple moving average of $42.76.

Yum China (NYSE:YUMC) last posted its quarterly earnings data 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 the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company earned $0.13 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. Sell-side analysts predict that Yum China Holdings, Inc. will post 2.19 EPS for the current year.

Yum China Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 5th were paid a $0.16 dividend. This is a positive change from Yum China’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, March 4th. This represents a $0.64 dividend on an annualized basis and a yield of 1.73%. Yum China’s dividend payout ratio (DPR) is currently 32.65%.

Yum China Company Profile

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.