Yum China $YUMC Stock Position Decreased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. cut its stake in shares of Yum China (NYSE:YUMC) by 15.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,859 shares of the company’s stock after selling 2,205 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Yum China were worth $530,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hughes Financial Services LLC bought a new stake in shares of Yum China during the 1st quarter worth $29,000. SouthState Corp boosted its stake in shares of Yum China by 4,915.4% during the 1st quarter. SouthState Corp now owns 652 shares of the company’s stock worth $34,000 after acquiring an additional 639 shares in the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Yum China during the 1st quarter worth $41,000. Cheviot Value Management LLC purchased a new stake in shares of Yum China in the first quarter valued at $42,000. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Yum China in the second quarter valued at $36,000. 85.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Yum China in a report on Friday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Yum China currently has an average rating of “Buy” and an average price target of $60.00.

Yum China Price Performance

NYSE YUMC opened at $44.78 on Friday. Yum China has a twelve month low of $41.00 and a twelve month high of $53.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39. The stock has a market capitalization of $16.29 billion, a PE ratio of 18.50, a P/E/G ratio of 1.67 and a beta of 0.18. The stock has a 50-day simple moving average of $44.05 and a 200 day simple moving average of $44.67.

Yum China (NYSE:YUMC) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. Research analysts anticipate that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. Yum China’s dividend payout ratio (DPR) is 39.67%.

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.