M&T Bank Corp Has $2.25 Million Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

M&T Bank Corp raised its position in Yum China Holdings, Inc. (NYSE:YUMC) by 7.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 53,036 shares of the company’s stock after acquiring an additional 3,658 shares during the period. M&T Bank Corp’s holdings in Yum China were worth $2,250,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Yum China in the third quarter valued at approximately $27,000. NBC Securities Inc. bought a new position in shares of Yum China in the third quarter valued at approximately $29,000. Anchor Investment Management LLC bought a new position in shares of Yum China in the fourth quarter valued at approximately $40,000. Venturi Wealth Management LLC bought a new position in shares of Yum China in the third quarter valued at approximately $44,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Yum China in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Yum China Price Performance

Shares of NYSE YUMC opened at $37.30 on Thursday. The stock 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 fifty-two week low of $33.55 and a fifty-two week high of $62.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 1.42. The stock has a fifty day moving average of $39.32 and a 200-day moving average of $40.94.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.06. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Yum China had a return on equity of 11.65% and a net margin of 7.49%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. Equities research analysts anticipate that Yum China Holdings, Inc. will post 2.19 earnings per share for the current year.

Yum China Dividend Announcement

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

Analysts Set New Price Targets

Separately, HSBC dropped their target price on Yum China from $66.80 to $51.30 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $54.65.

Yum China 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.