First Horizon Advisors Inc. Reduces Stock Position in Yum China Holdings, Inc. (NYSE:YUMC)

First Horizon Advisors Inc. decreased its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,034 shares of the company’s stock after selling 547 shares during the quarter. First Horizon Advisors Inc.’s holdings in Yum China were worth $44,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in YUMC. Perigon Wealth Management LLC increased its position in Yum China by 2.6% in the third quarter. Perigon Wealth Management LLC now owns 7,576 shares of the company’s stock worth $422,000 after purchasing an additional 194 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Yum China by 1.6% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 15,551 shares of the company’s stock valued at $867,000 after buying an additional 243 shares during the last quarter. Sepio Capital LP grew its stake in shares of Yum China by 2.0% during the 3rd quarter. Sepio Capital LP now owns 13,641 shares of the company’s stock worth $760,000 after purchasing an additional 273 shares during the period. Ieq Capital LLC lifted its position in shares of Yum China by 6.2% during the 3rd quarter. Ieq Capital LLC now owns 4,717 shares of the company’s stock valued at $263,000 after buying an additional 276 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. lifted its position in shares of Yum China by 10.1% during the 4th quarter. Carmichael Hill & Associates Inc. now owns 3,278 shares of the company’s stock valued at $139,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HSBC cut their target price on 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.65.

Yum China Price Performance

Yum China stock opened at $37.30 on Thursday. The stock’s 50 day moving average price is $39.32 and its 200 day moving average price is $40.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.42 and a quick ratio of 1.24. The company has a market cap of $14.62 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.77 and a beta of 0.46. Yum China Holdings, Inc. has a 1-year low of $33.55 and a 1-year high of $62.56.

Yum China (NYSE:YUMC) last released its earnings results on Monday, April 29th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.65 by $0.06. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Yum China had a return on equity of 11.65% and a net margin of 7.49%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share. On average, sell-side analysts predict that Yum China Holdings, Inc. will post 2.19 EPS for the current fiscal year.

Yum China Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.64 annualized dividend and a yield of 1.72%. Yum China’s dividend payout ratio is presently 32.16%.

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.