California State Teachers Retirement System trimmed its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 47.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 408,080 shares of the company’s stock after selling 362,600 shares during the period. California State Teachers Retirement System’s holdings in Yum China were worth $23,714,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of YUMC. OLD Mission Capital LLC purchased a new position in Yum China in the third quarter worth approximately $280,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Yum China by 3.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 175,600 shares of the company’s stock worth $11,634,000 after buying an additional 6,100 shares during the period. Vanguard Group Inc. boosted its position in shares of Yum China by 1.4% during the second quarter. Vanguard Group Inc. now owns 2,487,715 shares of the company’s stock worth $164,812,000 after buying an additional 34,351 shares during the period. LPL Financial LLC boosted its position in shares of Yum China by 0.7% during the second quarter. LPL Financial LLC now owns 110,172 shares of the company’s stock worth $7,299,000 after buying an additional 749 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of Yum China by 64.1% during the second quarter. Neuberger Berman Group LLC now owns 86,057 shares of the company’s stock worth $5,602,000 after buying an additional 33,616 shares during the period. Institutional investors own 78.93% of the company’s stock.
Several research analysts have recently commented on YUMC shares. TheStreet lowered Yum China from a “b” rating to a “c+” rating in a research report on Friday, November 26th. Zacks Investment Research upgraded Yum China from a “sell” rating to a “hold” rating and set a $51.00 price objective on the stock in a research note on Wednesday, December 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $75.18.
Yum China stock opened at $52.40 on Thursday. Yum China Holdings, Inc. has a 1-year low of $43.91 and a 1-year high of $69.67. The stock has a market cap of $22.43 billion, a PE ratio of 34.03, a P/E/G ratio of 2.89 and a beta of 0.78. The stock’s fifty day moving average is $48.10 and its two-hundred day moving average is $54.46.
Yum China (NYSE:YUMC) last posted its earnings results on Tuesday, February 8th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.14). Yum China had a return on equity of 9.95% and a net margin of 6.78%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts anticipate that Yum China Holdings, Inc. will post 1.44 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 29th. Shareholders of record on Tuesday, March 8th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Monday, March 7th. Yum China’s dividend payout ratio is presently 31.17%.
Yum China Profile
Yum China Holdings, Inc engages in the operation and management of restaurants and fast food chains. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut, and All Other Segments. The KFC segment operates restaurant chain. The Pizza Hut segment covers the Pizza Hut casual dining and Pizza Hut home service.
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