Yum China Holdings, Inc. (NYSE:YUMC) Stock Position Lifted by DNB Asset Management AS

DNB Asset Management AS grew its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,630 shares of the company’s stock after buying an additional 513 shares during the period. DNB Asset Management AS’s holdings in Yum China were worth $852,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Intech Investment Management LLC raised its position in shares of Yum China by 1.8% during the 4th quarter. Intech Investment Management LLC now owns 14,785 shares of the company’s stock worth $627,000 after purchasing an additional 268 shares during the period. Industrial Alliance Investment Management Inc. increased its position in Yum China by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 6,802 shares of the company’s stock valued at $271,000 after acquiring an additional 286 shares during the period. Ieq Capital LLC increased its position in Yum China by 7.7% in the 4th quarter. Ieq Capital LLC now owns 5,079 shares of the company’s stock valued at $215,000 after acquiring an additional 362 shares during the period. Bessemer Group Inc. increased its position in Yum China by 14.3% in the 1st quarter. Bessemer Group Inc. now owns 3,235 shares of the company’s stock valued at $129,000 after acquiring an additional 405 shares during the period. Finally, Cetera Advisors LLC increased its position in Yum China by 6.3% in the 1st quarter. Cetera Advisors LLC now owns 6,823 shares of the company’s stock valued at $272,000 after acquiring an additional 406 shares during the period. Institutional investors own 85.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Macquarie upgraded Yum China from an “underperform” rating to an “outperform” rating and raised their target price for the company from $30.00 to $37.40 in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.20.

Yum China Price Performance

NYSE YUMC traded up $0.19 on Wednesday, reaching $33.56. 839,818 shares of the stock traded hands, compared to its average volume of 3,122,362. The firm’s fifty day simple moving average is $32.10 and its 200 day simple moving average is $36.53. The company has a quick ratio of 1.24, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 1.25 and a beta of 0.33. Yum China Holdings, Inc. has a 12 month low of $28.50 and a 12 month high of $58.21.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.08. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.76 billion. Yum China had a return on equity of 11.90% and a net margin of 7.49%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. As a group, research analysts predict that Yum China Holdings, Inc. will post 2.16 EPS for the current fiscal year.

Yum China Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, August 27th. Yum China’s dividend payout ratio is presently 32.16%.

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.