AMP Capital Investors Ltd grew its stake in Yum China Holdings Inc (NYSE:YUMC) by 7.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,840 shares of the company’s stock after purchasing an additional 13,368 shares during the period. AMP Capital Investors Ltd’s holdings in Yum China were worth $8,564,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Yum China by 19.5% in the 1st quarter. BlackRock Inc. now owns 39,168,859 shares of the company’s stock valued at $1,759,077,000 after purchasing an additional 6,383,587 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Yum China by 83.4% in the 1st quarter. OppenheimerFunds Inc. now owns 17,160,157 shares of the company’s stock valued at $770,663,000 after purchasing an additional 7,804,046 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Yum China by 20.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,968,619 shares of the company’s stock valued at $597,595,000 after purchasing an additional 2,163,983 shares during the last quarter. Matthews International Capital Management LLC lifted its stake in shares of Yum China by 9.1% in the 2nd quarter. Matthews International Capital Management LLC now owns 5,491,810 shares of the company’s stock valued at $253,722,000 after purchasing an additional 458,200 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Yum China by 5.1% in the 2nd quarter. Northern Trust Corp now owns 3,851,603 shares of the company’s stock valued at $177,944,000 after purchasing an additional 187,428 shares during the last quarter. 80.64% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised Yum China from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Saturday, September 14th. Six investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $51.05.
In other news, insider Angela Ai sold 13,477 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $44.74, for a total value of $602,960.98. Following the sale, the insider now directly owns 28,445 shares in the company, valued at $1,272,629.30. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.44% of the company’s stock.
Shares of NYSE YUMC opened at $44.95 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.12 and a current ratio of 1.31. The business’s 50 day moving average price is $44.78 and its 200-day moving average price is $43.89. Yum China Holdings Inc has a fifty-two week low of $30.60 and a fifty-two week high of $48.36. The company has a market cap of $17.11 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 2.81 and a beta of 1.14.
Yum China (NYSE:YUMC) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.09. Yum China had a return on equity of 21.03% and a net margin of 7.91%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $0.36 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts predict that Yum China Holdings Inc will post 1.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were issued a $0.12 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.48 annualized dividend and a dividend yield of 1.07%. Yum China’s payout ratio is 31.37%.
About Yum China
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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