KBC Group NV cut its stake in Yum China (NYSE:YUMC) by 32.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 476,676 shares of the company’s stock after selling 228,697 shares during the quarter. KBC Group NV owned 0.12% of Yum China worth $19,782,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Truewealth LLC bought a new stake in shares of Yum China in the fourth quarter worth approximately $129,000. Signaturefd LLC bought a new stake in shares of Yum China in the first quarter worth approximately $163,000. Hyman Charles D bought a new stake in shares of Yum China in the first quarter worth approximately $206,000. Burney Co. bought a new stake in shares of Yum China in the fourth quarter worth approximately $202,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Yum China in the first quarter worth approximately $214,000. Hedge funds and other institutional investors own 80.91% of the company’s stock.
Yum China opened at $38.50 on Wednesday, according to MarketBeat Ratings. The company has a current ratio of 1.74, a quick ratio of 1.52 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $15.02 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 2.02 and a beta of 1.36. Yum China has a 12-month low of $33.56 and a 12-month high of $48.75.
Yum China (NYSE:YUMC) last posted its quarterly earnings data on Tuesday, May 1st. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.43 billion. Yum China had a net margin of 6.39% and a return on equity of 20.59%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. equities research analysts predict that Yum China will post 1.6 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Investors of record on Wednesday, May 30th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, May 29th. Yum China’s payout ratio is 14.08%.
In other Yum China news, insider Aiken Yuen sold 1,805 shares of Yum China stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $38.96, for a total transaction of $70,322.80. Following the transaction, the insider now owns 2,337 shares of the company’s stock, valued at $91,049.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Danny Tan sold 3,610 shares of Yum China stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $44.50, for a total transaction of $160,645.00. The disclosure for this sale can be found here. 0.37% of the stock is owned by insiders.
A number of equities analysts recently issued reports on YUMC shares. Zacks Investment Research downgraded shares of Yum China from a “hold” rating to a “sell” rating in a report on Saturday, April 14th. Morgan Stanley dropped their price objective on shares of Yum China from $49.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, March 20th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $46.86.
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, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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