Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC decreased its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,234 shares of the company’s stock after selling 818 shares during the period. NewEdge Wealth LLC’s holdings in Yum China were worth $519,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Cerity Partners LLC grew its stake in shares of Yum China by 4.2% during the 4th quarter. Cerity Partners LLC now owns 58,633 shares of the company’s stock worth $2,488,000 after purchasing an additional 2,350 shares during the period. Sequoia Financial Advisors LLC grew its position in Yum China by 32.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 23,116 shares of the company’s stock worth $981,000 after buying an additional 5,681 shares during the period. Allspring Global Investments Holdings LLC grew its position in Yum China by 13.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,766,787 shares of the company’s stock worth $159,825,000 after buying an additional 433,411 shares during the period. Hanson & Doremus Investment Management increased its holdings in Yum China by 15.5% in the fourth quarter. Hanson & Doremus Investment Management now owns 37,116 shares of the company’s stock valued at $1,575,000 after buying an additional 4,988 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Yum China by 2,069.1% during the 4th quarter. International Assets Investment Management LLC now owns 17,613 shares of the company’s stock valued at $747,000 after acquiring an additional 16,801 shares during the period. 85.58% of the stock is owned by hedge funds and other institutional investors.

Yum China Stock Performance

Yum China stock opened at $36.95 on Wednesday. The stock has a fifty day moving average of $40.43 and a two-hundred day moving average of $42.76. Yum China Holdings, Inc. has a fifty-two week low of $33.55 and a fifty-two week high of $64.50. The company has a market capitalization of $14.49 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 1.41 and a beta of 0.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 1.42.

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

Yum China Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $38.00 price objective (down from $65.00) on shares of Yum China in a report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Yum China in a research report on Tuesday, December 19th. They issued a “buy” rating and a $58.00 price objective on the stock. Finally, HSBC lowered their price objective on shares of Yum China from $66.80 to $51.30 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.