Yum China $YUMC Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in Yum China (NYSE:YUMC) by 16.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 537,700 shares of the company’s stock after selling 102,600 shares during the period. Renaissance Technologies LLC’s holdings in Yum China were worth $26,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Focus Partners Wealth raised its holdings in shares of Yum China by 13.8% during the first quarter. Focus Partners Wealth now owns 21,289 shares of the company’s stock valued at $1,108,000 after buying an additional 2,582 shares during the last quarter. Strs Ohio bought a new position in Yum China in the 1st quarter worth approximately $99,000. EverSource Wealth Advisors LLC increased its position in Yum China by 60.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,522 shares of the company’s stock valued at $68,000 after acquiring an additional 576 shares during the period. Qube Research & Technologies Ltd bought a new stake in Yum China during the 2nd quarter valued at $14,659,000. Finally, Alliancebernstein L.P. raised its stake in Yum China by 13.1% during the 2nd quarter. Alliancebernstein L.P. now owns 5,871,382 shares of the company’s stock valued at $262,509,000 after acquiring an additional 677,928 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on YUMC shares. Weiss Ratings cut Yum China from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Wall Street Zen cut shares of Yum China from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.05.

Yum China Price Performance

NYSE YUMC opened at $45.77 on Thursday. Yum China has a 12 month low of $40.15 and a 12 month high of $58.39. The firm has a market capitalization of $15.98 billion, a PE ratio of 17.54, a P/E/G ratio of 1.27 and a beta of 0.10. The company’s 50 day simple moving average is $43.04 and its 200 day simple moving average is $47.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.01 and a quick ratio of 0.83.

Yum China (NYSE:YUMC) last released its earnings results on Wednesday, April 29th. The company reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.21 billion. Yum China had a return on equity of 15.11% and a net margin of 7.83%.The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. As a group, equities research analysts forecast that Yum China will post 2.94 EPS for the current fiscal year.

Yum China Company Profile

Yum China Holdings, Inc operates as the largest quick-service restaurant company in China, through its ownership and franchising of brands such as KFC, Pizza Hut and Taco Bell. The company’s core business encompasses full-service and fast?casual dining, takeout and delivery channels, as well as ancillary services including loyalty programs and digital ordering platforms. Yum China’s restaurants offer a diverse menu that adapts global brand concepts to local consumer preferences, featuring items such as soy?marinated chicken, customized pizzas and region?inspired side dishes.

In addition to its signature brands, Yum China has expanded its portfolio to include innovative concepts tailored to evolving market trends, such as plant?based offerings, self?service kiosks and mobile app integrations.