Zurcher Kantonalbank Zurich Cantonalbank Purchases 19,548 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 293,808 shares of the company’s stock after purchasing an additional 19,548 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Yum China were worth $12,466,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Perigon Wealth Management LLC grew its holdings in Yum China by 2.6% during the third quarter. Perigon Wealth Management LLC now owns 7,576 shares of the company’s stock valued at $422,000 after purchasing an additional 194 shares during the period. Boothbay Fund Management LLC grew its holdings in Yum China by 2.5% during the first quarter. Boothbay Fund Management LLC now owns 8,976 shares of the company’s stock valued at $569,000 after purchasing an additional 218 shares during the period. Beacon Pointe Advisors LLC boosted its stake in shares of Yum China by 1.1% in the second quarter. Beacon Pointe Advisors LLC now owns 21,103 shares of the company’s stock worth $1,192,000 after acquiring an additional 223 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Yum China by 1.6% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 15,551 shares of the company’s stock worth $867,000 after acquiring an additional 243 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Yum China by 1.5% in the first quarter. Mercer Global Advisors Inc. ADV now owns 17,882 shares of the company’s stock worth $1,134,000 after acquiring an additional 256 shares during the period. Institutional investors own 85.58% of the company’s stock.

Yum China Price Performance

NYSE:YUMC opened at $37.09 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.24 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $14.54 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.39 and a beta of 0.45. Yum China Holdings, Inc. has a 12 month low of $33.55 and a 12 month high of $64.50. The business’s 50-day moving average is $40.30 and its 200 day moving average is $42.55.

Yum China (NYSE:YUMC) last posted its earnings results on Tuesday, February 6th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.12. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.32 billion. Yum China had a return on equity of 11.63% and a net margin of 7.53%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. On average, equities research analysts forecast that Yum China Holdings, Inc. will post 2.19 earnings per share for the current fiscal year.

Yum China Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 5th were given a $0.16 dividend. This is an increase from Yum China’s previous quarterly dividend of $0.13. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Monday, March 4th. Yum China’s payout ratio is currently 32.65%.

Analyst Ratings Changes

YUMC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $38.00 price objective (down previously from $65.00) on shares of Yum China in a research note on Thursday, January 4th. HSBC dropped their price objective on Yum China from $66.80 to $51.30 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $54.65.

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.