Scotia Capital Inc. lowered its holdings in shares of Yum China Holdings Inc (NYSE:YUMC) by 27.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,585 shares of the company’s stock after selling 3,269 shares during the quarter. Scotia Capital Inc.’s holdings in Yum China were worth $344,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in YUMC. Standard Life Aberdeen plc raised its position in shares of Yum China by 13.3% during the fourth quarter. Standard Life Aberdeen plc now owns 31,015,455 shares of the company’s stock worth $1,241,238,000 after purchasing an additional 3,638,955 shares during the period. Matthews International Capital Management LLC raised its position in Yum China by 32.2% in the 4th quarter. Matthews International Capital Management LLC now owns 2,339,310 shares of the company’s stock valued at $93,619,000 after buying an additional 569,400 shares during the last quarter. AXA acquired a new stake in Yum China in the 4th quarter valued at approximately $14,833,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Yum China in the 4th quarter valued at approximately $11,786,000. Finally, Eaton Vance Management raised its position in Yum China by 160.4% in the 4th quarter. Eaton Vance Management now owns 395,013 shares of the company’s stock valued at $15,808,000 after buying an additional 243,307 shares during the last quarter. 80.19% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Yum China from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Macquarie assumed coverage on Yum China in a research report on Wednesday, January 3rd. They issued an “outperform” rating and a $55.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $44.28.
Shares of Yum China Holdings Inc (NYSE YUMC) opened at $41.99 on Tuesday. The stock has a market capitalization of $16,200.00 and a P/E ratio of 29.36. Yum China Holdings Inc has a 1 year low of $25.53 and a 1 year high of $48.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.48.
Yum China (NYSE:YUMC) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.15 billion. Yum China had a return on equity of 20.59% and a net margin of 5.64%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 EPS. equities analysts expect that Yum China Holdings Inc will post 1.6 earnings per share for the current year.
The business also recently declared a Not Available dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.10 per share. This represents a dividend yield of 0.00248200546041201%. The ex-dividend date of this dividend is Tuesday, February 27th. Yum China’s dividend payout ratio (DPR) is 13.99%.
Yum China Company Profile
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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