Westpac Banking Corp grew its holdings in shares of Yum China Holdings Inc (NYSE:YUMC) by 11.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 53,812 shares of the company’s stock after purchasing an additional 5,500 shares during the period. Westpac Banking Corp’s holdings in Yum China were worth $2,486,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OppenheimerFunds Inc. boosted its stake in shares of Yum China by 83.4% in the first 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 period. BlackRock Inc. boosted its stake in shares of Yum China by 19.5% in the first 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 period. JPMorgan Chase & Co. boosted its stake in shares of Yum China by 76.4% in the first quarter. JPMorgan Chase & Co. now owns 10,804,636 shares of the company’s stock valued at $485,236,000 after purchasing an additional 4,679,434 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Yum China by 149.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,482,094 shares of the company’s stock valued at $114,673,000 after purchasing an additional 1,488,860 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Yum China by 1,753.7% in the second quarter. Janus Henderson Group PLC now owns 1,083,570 shares of the company’s stock valued at $50,042,000 after purchasing an additional 1,025,115 shares during the period. Institutional investors own 81.87% of the company’s stock.
Several research analysts have recently weighed in on YUMC shares. Zacks Investment Research downgraded shares of Yum China from a “strong-buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research note on Friday, July 5th. UBS Group upped their price target on shares of Yum China from $46.07 to $56.06 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Bank of America raised shares of 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $51.65.
YUMC traded up $1.51 during trading on Friday, hitting $44.11. The company had a trading volume of 2,125,000 shares, compared to its average volume of 2,270,900. The company has a market cap of $16.05 billion, a PE ratio of 28.83, a P/E/G ratio of 2.66 and a beta of 1.15. The business has a 50-day moving average of $44.38 and a 200-day moving average of $43.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.31 and a quick ratio of 1.12. Yum China Holdings Inc has a 1-year low of $30.10 and a 1-year high of $48.27.
Yum China (NYSE:YUMC) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Yum China had a net margin of 7.91% and a return on equity of 21.03%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. Research analysts forecast that Yum China Holdings Inc will post 1.7 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $0.48 annualized dividend and a yield of 1.09%. Yum China’s dividend payout ratio is presently 31.37%.
Yum China Profile
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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