Yum China Holdings, Inc. (NYSE:YUMC) Shares Bought by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC increased its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 3.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 56,075 shares of the company’s stock after buying an additional 2,080 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Yum China were worth $2,231,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. acquired a new position in Yum China in the first quarter valued at approximately $26,000. Johnson Financial Group Inc. boosted its position in Yum China by 3,107.1% during the 4th quarter. Johnson Financial Group Inc. now owns 898 shares of the company’s stock valued at $38,000 after purchasing an additional 870 shares during the period. Anchor Investment Management LLC bought a new position in Yum China during the 4th quarter worth $40,000. BOCHK Asset Management Ltd bought a new position in Yum China during the 4th quarter worth $42,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Yum China in the fourth quarter valued at $48,000. Institutional investors own 85.58% of the company’s stock.

Yum China Stock Performance

YUMC stock traded up $0.91 on Thursday, reaching $31.34. The company’s stock had a trading volume of 1,420,090 shares, compared to its average volume of 2,246,601. Yum China Holdings, Inc. has a 52 week low of $30.32 and a 52 week high of $61.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.24. The company has a market capitalization of $12.21 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.16 and a beta of 0.33. The firm has a fifty day moving average of $35.54 and a two-hundred day moving average of $38.12.

Yum China (NYSE:YUMC) last released its quarterly earnings results on Monday, April 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.06. Yum China had a return on equity of 11.90% and a net margin of 7.49%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts predict that Yum China Holdings, Inc. will post 2.18 EPS for the current fiscal year.

Yum China Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.04%. Yum China’s dividend payout ratio (DPR) is 32.16%.

Wall Street Analysts Forecast Growth

Separately, HSBC lowered their price target on shares of Yum China from $66.80 to $51.30 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Yum China has an average rating of “Moderate Buy” and an average target price of $54.65.

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.