Envestnet Portfolio Solutions Inc. Lowers Stock Position in Yum China $YUMC

Envestnet Portfolio Solutions Inc. trimmed its holdings in Yum China (NYSE:YUMC) by 22.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,640 shares of the company’s stock after selling 1,647 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Yum China were worth $252,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Yum China by 29.7% during the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company’s stock worth $1,248,709,000 after purchasing an additional 5,485,735 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Yum China by 1.3% during the first quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company’s stock worth $796,723,000 after buying an additional 200,938 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Yum China by 35.6% during the first 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. Mirae Asset Global Investments Co. Ltd. increased its position 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 valued at $600,045,000 after acquiring an additional 11,346,069 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Yum China by 1.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,185,305 shares of the company’s stock valued at $217,887,000 after acquiring an additional 56,288 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Yum China Trading Down 1.6%

NYSE YUMC opened at $44.78 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $16.29 billion, a P/E ratio of 18.50, a P/E/G ratio of 1.69 and a beta of 0.18. Yum China has a 52-week low of $41.00 and a 52-week high of $53.99. The firm has a 50-day moving average price of $44.05 and a 200 day moving average price of $44.66.

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

Yum China Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd were given a $0.24 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.1%. Yum China’s dividend payout ratio is presently 39.67%.

Analyst Ratings Changes

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

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.