Atria Investments Inc Decreases Position in Yum China Holdings, Inc. (NYSE:YUMC)

Atria Investments Inc reduced its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 22,801 shares of the company’s stock after selling 349 shares during the period. Atria Investments Inc’s holdings in Yum China were worth $1,027,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in YUMC. Assetmark Inc. increased its position in shares of Yum China by 6.1% during the third quarter. Assetmark Inc. now owns 114,628 shares of the company’s stock worth $5,161,000 after purchasing an additional 6,632 shares in the last quarter. XY Capital Ltd purchased a new stake in shares of Yum China during the third quarter worth $10,737,000. JB Capital LLC grew its holdings in shares of Yum China by 3.7% during the third quarter. JB Capital LLC now owns 65,432 shares of the company’s stock worth $2,946,000 after buying an additional 2,321 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Yum China by 49.6% in the third quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company’s stock valued at $356,206,000 after buying an additional 2,609,494 shares during the last quarter. Finally, M&G PLC lifted its stake in shares of Yum China by 1,290.2% in the third quarter. M&G PLC now owns 147,727 shares of the company’s stock worth $6,648,000 after buying an additional 137,101 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup upgraded shares of Yum China to a “strong-buy” rating in a report on Monday, September 30th. StockNews.com raised Yum China from a “hold” rating to a “buy” rating in a research note on Friday. Macquarie upgraded Yum China from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $30.00 to $37.40 in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised shares of Yum China from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.50 to $60.00 in a report on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $51.68.

Yum China Stock Performance

NYSE YUMC opened at $47.21 on Monday. The stock 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. The stock has a market cap of $17.93 billion, a PE ratio of 20.89, a P/E/G ratio of 1.69 and a beta of 0.36. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $52.00.

Yum China (NYSE:YUMC) last announced its quarterly 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. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the business earned $0.59 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts anticipate that Yum China Holdings, Inc. will post 2.31 earnings per share for the current year.

Yum China Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.36%. Yum China’s payout ratio is presently 28.32%.

Yum China 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.