NewEdge Advisors LLC Raises Stock Position in Yum China $YUMC

NewEdge Advisors LLC raised its holdings in Yum China (NYSE:YUMC) by 674.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,265 shares of the company’s stock after purchasing an additional 58,582 shares during the quarter. NewEdge Advisors LLC’s holdings in Yum China were worth $3,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Partners Wealth grew its holdings in Yum China by 13.8% during the first quarter. Focus Partners Wealth now owns 21,289 shares of the company’s stock worth $1,108,000 after acquiring an additional 2,582 shares during the period. Strs Ohio purchased a new position in Yum China during the first quarter valued at approximately $99,000. EverSource Wealth Advisors LLC lifted its holdings in Yum China by 60.9% in the second 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 acquired a new position in Yum China in the second quarter valued at approximately $14,659,000. Finally, Alliancebernstein L.P. boosted its position in Yum China by 13.1% in the 2nd quarter. Alliancebernstein L.P. now owns 5,871,382 shares of the company’s stock worth $262,509,000 after purchasing an additional 677,928 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Yum China from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings downgraded shares of Yum China from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $59.00 price target on shares of Yum China in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.21.

Yum China Trading Up 0.6%

Shares of YUMC stock opened at $47.89 on Thursday. Yum China has a 1-year low of $40.15 and a 1-year high of $58.39. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.25 and a beta of 0.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.01 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $43.86 and a 200-day simple moving average of $47.95.

Yum China (NYSE:YUMC) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Yum China had a net margin of 7.84% and a return on equity of 15.73%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 EPS. On average, equities research analysts expect that Yum China will post 2.95 EPS for the current fiscal year.

Yum China Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be given a $0.075 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.6%. Yum China’s dividend payout ratio (DPR) is 42.49%.

About Yum China

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.