Yum China $YUMC Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in Yum China (NYSE:YUMC) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,106 shares of the company’s stock after buying an additional 230 shares during the period. Concurrent Investment Advisors LLC’s holdings in Yum China were worth $228,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in YUMC. Mirae Asset Global Investments Co. Ltd. boosted its stake in Yum China by 6,304.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company’s stock worth $600,045,000 after buying an additional 11,346,069 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Yum China by 29.7% in the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company’s stock worth $1,248,709,000 after buying an additional 5,485,735 shares during the last quarter. Principal Financial Group Inc. boosted its stake 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 during the last quarter. Vontobel Holding Ltd. boosted its stake in Yum China by 416.7% in the 1st quarter. Vontobel Holding Ltd. now owns 1,435,098 shares of the company’s stock worth $74,711,000 after buying an additional 1,157,340 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Yum China in the 1st quarter worth about $40,023,000. 85.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $60.00.

Yum China Stock Performance

Yum China stock opened at $44.89 on Tuesday. The stock’s 50-day moving average is $44.03 and its 200-day moving average is $44.65. The company has a market cap of $16.33 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.63 and a beta of 0.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. Yum China has a 12 month low of $41.00 and a 12 month high of $53.99.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.80 billion. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. Equities analysts anticipate that Yum China will post 2.54 earnings per share for the current year.

Yum China Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 2nd. Yum China’s dividend payout ratio (DPR) is presently 39.67%.

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.