Envestnet Asset Management Inc. Boosts Position in Yum China (NYSE:YUMC)

Envestnet Asset Management Inc. increased its position in shares of Yum China (NYSE:YUMC) by 1.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 329,198 shares of the company’s stock after buying an additional 4,221 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of Yum China worth $17,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Yum China by 6,304.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company’s stock worth $600,045,000 after acquiring an additional 11,346,069 shares during the last quarter. FMR LLC raised its stake in Yum China by 138.5% during the fourth quarter. FMR LLC now owns 8,558,050 shares of the company’s stock valued at $412,241,000 after buying an additional 4,969,073 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in Yum China during the fourth quarter valued at approximately $203,179,000. Norges Bank acquired a new stake in shares of Yum China during the 4th quarter worth approximately $199,722,000. Finally, Principal Financial Group Inc. grew its holdings in Yum China by 35.6% in the 1st quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company’s stock worth $734,150,000 after buying an additional 3,704,756 shares in the last quarter. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Daiwa America raised Yum China to a “strong-buy” rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $48.70.

Yum China Price Performance

Shares of YUMC stock opened at $47.55 on Friday. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.78 and a beta of 0.28. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. Yum China has a 12-month low of $28.50 and a 12-month high of $53.99. The firm has a fifty day moving average of $44.73 and a 200-day moving average of $46.27.

Yum China (NYSE:YUMC) last announced its earnings results on Wednesday, April 30th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.13 billion. Yum China had a return on equity of 14.08% and a net margin of 8.09%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 EPS. On average, equities research analysts forecast that Yum China will post 2.54 earnings per share for the current year.

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 28th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Wednesday, May 28th. Yum China’s dividend payout ratio is presently 40.17%.

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.