Allworth Financial LP Purchases 2,202 Shares of Yum China $YUMC

Allworth Financial LP boosted its position in shares of Yum China (NYSE:YUMC) by 27.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,225 shares of the company’s stock after purchasing an additional 2,202 shares during the quarter. Allworth Financial LP’s holdings in Yum China were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Yum China by 29.7% during the first quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company’s stock valued at $1,248,709,000 after buying an additional 5,485,735 shares during the period. Carrhae Capital LLP bought a new position in Yum China during the 2nd quarter worth about $48,868,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Yum China by 355.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,001,107 shares of the company’s stock valued at $45,280,000 after purchasing an additional 781,117 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Yum China in the 1st quarter worth approximately $40,023,000. Finally, Driehaus Capital Management LLC lifted its position in shares of Yum China by 53.5% in the 1st quarter. Driehaus Capital Management LLC now owns 2,120,086 shares of the company’s stock worth $110,372,000 after purchasing an additional 739,060 shares during the period. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 and one has issued a Hold rating to the stock. According to MarketBeat, Yum China presently has a consensus rating of “Buy”.

Yum China Stock Performance

Shares of YUMC opened at $46.22 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01. The firm has a market cap of $16.70 billion, a PE ratio of 19.10, a P/E/G ratio of 1.63 and a beta of 0.18. Yum China has a 12 month low of $41.00 and a 12 month high of $53.99. The stock has a fifty day moving average price of $43.92 and a 200-day moving average price of $44.65.

Yum China (NYSE:YUMC) last announced its earnings results on Tuesday, November 4th. The company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts predict that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. Yum China’s dividend payout ratio is 39.83%.

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.