Oak Ridge Investments LLC Sells 686 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Oak Ridge Investments LLC reduced its position in Yum China Holdings, Inc. (NYSE:YUMC) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,459 shares of the company’s stock after selling 686 shares during the quarter. Oak Ridge Investments LLC’s holdings in Yum China were worth $1,152,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brinker Capital Investments LLC bought a new position in Yum China in the first quarter worth about $2,646,000. Sciencast Management LP raised its holdings in Yum China by 136.1% in the first quarter. Sciencast Management LP now owns 31,786 shares of the company’s stock worth $1,914,000 after purchasing an additional 18,324 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Yum China by 9.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,889,672 shares of the company’s stock worth $336,543,000 after purchasing an additional 496,335 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Yum China by 4.0% in the first quarter. Mercer Global Advisors Inc. ADV now owns 7,642 shares of the company’s stock worth $453,000 after purchasing an additional 293 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Yum China by 12.0% during the first quarter. Teacher Retirement System of Texas now owns 619,462 shares of the company’s stock worth $36,678,000 after acquiring an additional 66,221 shares during the last quarter. Hedge funds and other institutional investors own 79.88% of the company’s stock.

Shares of NYSE YUMC opened at $69.13 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.30 and a debt-to-equity ratio of 0.29. Yum China Holdings, Inc. has a 52 week low of $46.62 and a 52 week high of $69.67. The firm has a 50 day moving average price of $63.00. The stock has a market capitalization of $29.08 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 3.36 and a beta of 0.81.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Monday, April 26th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. Yum China had a return on equity of 13.90% and a net margin of 10.50%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the firm posted $0.16 EPS. The business’s quarterly revenue was up 45.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Yum China Holdings, Inc. will post 1.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 18th. Shareholders of record on Tuesday, May 25th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, May 24th. This represents a $0.48 annualized dividend and a yield of 0.69%. Yum China’s dividend payout ratio is presently 31.37%.

YUMC has been the topic of a number of research analyst reports. Atlantic Securities initiated coverage on Yum China in a research note on Tuesday, April 6th. They set an “overweight” rating and a $72.00 price target on the stock. Royal Bank of Canada boosted their price target on Yum China from $112.00 to $123.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 29th. Oppenheimer restated a “hold” rating on shares of Yum China in a research note on Wednesday, April 28th. Finally, The Goldman Sachs Group lowered Yum China from a “conviction-buy” rating to a “buy” rating in a research report on Monday, April 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $76.34.

In other Yum China news, insider Johnson Huang sold 6,342 shares of the company’s stock in a transaction that occurred on Wednesday, May 26th. The stock was sold at an average price of $66.00, for a total value of $418,572.00. Following the sale, the insider now owns 33,278 shares in the company, valued at approximately $2,196,348. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

Yum China Profile

Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates through two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, COFFii & JOY, East Dawning, Taco Bell, and Lavazza brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, specialty coffee, simmer pot, and Italian coffee categories.

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Institutional Ownership by Quarter for Yum China (NYSE:YUMC)

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