Sumitomo Mitsui Trust Group Inc. Sells 26,747 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Sumitomo Mitsui Trust Group Inc. cut its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 876,571 shares of the company’s stock after selling 26,747 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Yum China worth $39,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GSA Capital Partners LLP boosted its stake in Yum China by 100.2% in the third quarter. GSA Capital Partners LLP now owns 35,760 shares of the company’s stock valued at $1,610,000 after acquiring an additional 17,898 shares during the last quarter. Waverton Investment Management Ltd boosted its stake in Yum China by 350.7% in the third quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company’s stock valued at $189,202,000 after acquiring an additional 3,270,560 shares during the last quarter. Keystone Financial Services bought a new position in Yum China in the third quarter valued at approximately $279,000. Riverpoint Wealth Management Holdings LLC bought a new position in Yum China in the third quarter valued at approximately $544,000. Finally, Ashton Thomas Securities LLC bought a new position in Yum China in the third quarter valued at approximately $139,000. 85.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on YUMC. Citigroup upgraded shares of Yum China to a “strong-buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. upgraded shares of Yum China from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. StockNews.com upgraded shares of Yum China from a “hold” rating to a “buy” rating in a report on Friday. Finally, Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $37.40 in a report on Tuesday, August 6th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $51.68.

Yum China Stock Down 0.0 %

Yum China stock opened at $47.21 on Friday. The company has a market cap of $17.93 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 1.70 and a beta of 0.36. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $52.00. The company has a fifty day simple moving average of $43.61 and a 200 day simple moving average of $37.14. The company has a current ratio of 1.29, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC) last released its earnings results on Monday, November 4th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.03 billion. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. Research analysts anticipate that Yum China Holdings, Inc. will post 2.31 earnings per share for the current fiscal year.

Yum China Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, November 26th. Yum China’s dividend payout ratio (DPR) is currently 28.32%.

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.