Yum China $YUMC Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its stake in shares of Yum China (NYSE:YUMC) by 15.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,859 shares of the company’s stock after selling 2,205 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Yum China were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in YUMC. JPMorgan Chase & Co. grew its holdings in Yum China by 29.7% in the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company’s stock worth $1,248,709,000 after buying an additional 5,485,735 shares in the last quarter. Vanguard Group Inc. grew its holdings in Yum China by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company’s stock worth $796,723,000 after buying an additional 200,938 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Yum China by 35.6% in the 1st quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company’s stock worth $734,150,000 after buying an additional 3,704,756 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Yum China by 6,304.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company’s stock worth $600,045,000 after buying an additional 11,346,069 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Yum China by 1.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,185,305 shares of the company’s stock worth $217,887,000 after buying an additional 56,288 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $60.00.

Yum China Stock Performance

Shares of NYSE YUMC opened at $44.78 on Friday. The stock has a fifty day moving average price of $44.05 and a two-hundred day moving average price of $44.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39. The firm has a market cap of $16.29 billion, a P/E ratio of 18.50, a PEG ratio of 1.67 and a beta of 0.18. Yum China has a 1 year low of $41.00 and a 1 year high of $53.99.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.80 billion. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. Research analysts forecast that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum China’s dividend payout ratio (DPR) is presently 39.67%.

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.