DNB Asset Management AS Increases Stock Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

DNB Asset Management AS boosted its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 1.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,630 shares of the company’s stock after acquiring an additional 513 shares during the quarter. DNB Asset Management AS’s holdings in Yum China were worth $852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in YUMC. Mather Group LLC. purchased a new position in shares of Yum China in the 1st quarter valued at about $26,000. LRI Investments LLC purchased a new position in shares of Yum China in the 1st quarter valued at about $36,000. Johnson Financial Group Inc. boosted its stake in shares of Yum China by 3,107.1% in the 4th quarter. Johnson Financial Group Inc. now owns 898 shares of the company’s stock valued at $38,000 after buying an additional 870 shares during the period. Pathway Financial Advisers LLC acquired a new stake in shares of Yum China during the 1st quarter worth about $39,000. Finally, BOCHK Asset Management Ltd acquired a new stake in shares of Yum China during the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised Yum China from an “underperform” rating to an “outperform” rating and raised their target price for the stock from $30.00 to $37.40 in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.20.

Yum China Stock Performance

YUMC traded up $0.19 during trading on Wednesday, hitting $33.56. 839,818 shares of the stock were exchanged, compared to its average volume of 3,122,362. The firm has a market capitalization of $13.08 billion, a P/E ratio of 16.77, a PEG ratio of 1.25 and a beta of 0.33. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $58.21. The stock has a fifty day moving average price of $32.10 and a two-hundred day moving average price of $36.53. The company has a quick ratio of 1.24, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

Yum China (NYSE:YUMC) last released its quarterly earnings results on Monday, August 5th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.47 by $0.08. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.76 billion. Yum China had a return on equity of 11.90% and a net margin of 7.49%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. As a group, sell-side analysts predict that Yum China Holdings, Inc. will post 2.16 earnings per share for the current year.

Yum China Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, August 27th. Yum China’s dividend payout ratio (DPR) is 32.16%.

Yum China 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.