Janney Montgomery Scott LLC boosted its position in shares of Yum China Holdings Inc (NYSE:YUMC) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,645 shares of the company’s stock after acquiring an additional 829 shares during the period. Janney Montgomery Scott LLC’s holdings in Yum China were worth $972,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of YUMC. Quadrant Capital Group LLC raised its holdings in shares of Yum China by 149.0% during the 4th quarter. Quadrant Capital Group LLC now owns 4,666 shares of the company’s stock worth $152,000 after acquiring an additional 2,792 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Yum China by 12.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 126,305 shares of the company’s stock worth $4,235,000 after acquiring an additional 14,300 shares during the period. Lavaca Capital LLC purchased a new position in shares of Yum China during the 4th quarter worth $25,000. BB&T Corp raised its holdings in shares of Yum China by 5.7% during the 4th quarter. BB&T Corp now owns 79,462 shares of the company’s stock worth $2,665,000 after acquiring an additional 4,280 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Yum China during the 4th quarter worth $2,172,000. Hedge funds and other institutional investors own 78.20% of the company’s stock.
Several research firms have recently commented on YUMC. Goldman Sachs Group upgraded Yum China from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $54.00 in a report on Wednesday, April 17th. UBS Group lifted their price target on Yum China from $46.07 to $56.06 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Bank of America upgraded Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price target on the stock in a report on Tuesday, April 30th. Zacks Investment Research upgraded Yum China from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. lifted their price target on Yum China from $36.50 to $48.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $47.88.
Yum China (NYSE:YUMC) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.27 billion. Yum China had a return on equity of 20.36% and a net margin of 7.55%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. On average, sell-side analysts forecast that Yum China Holdings Inc will post 1.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, May 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, May 24th. Yum China’s payout ratio is 31.37%.
In other Yum China news, insider Alice H. Wang sold 1,697 shares of Yum China stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $46.09, for a total value of $78,214.73. Following the completion of the transaction, the insider now directly owns 10,120 shares of the company’s stock, valued at approximately $466,430.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shella Ng sold 17,341 shares of Yum China stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $44.30, for a total value of $768,206.30. Following the completion of the transaction, the insider now directly owns 50,365 shares of the company’s stock, valued at $2,231,169.50. The disclosure for this sale can be found here. Insiders have sold a total of 36,428 shares of company stock valued at $1,590,043 over the last three months. Corporate insiders own 0.44% of the company’s stock.
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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