Savoir Faire Capital Management L.P. Trims Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Savoir Faire Capital Management L.P. lowered its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 41.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,377 shares of the company’s stock after selling 78,633 shares during the period. Yum China comprises approximately 2.5% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 17th largest holding. Savoir Faire Capital Management L.P.’s holdings in Yum China were worth $4,924,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in YUMC. Canada Pension Plan Investment Board boosted its position in Yum China by 40.8% during the first quarter. Canada Pension Plan Investment Board now owns 987,725 shares of the company’s stock valued at $39,302,000 after purchasing an additional 286,307 shares in the last quarter. Value Partners Investments Inc. boosted its position in Yum China by 27.4% during the third quarter. Value Partners Investments Inc. now owns 255,950 shares of the company’s stock valued at $11,523,000 after purchasing an additional 55,000 shares in the last quarter. California State Teachers Retirement System boosted its position in Yum China by 15.3% during the first quarter. California State Teachers Retirement System now owns 127,693 shares of the company’s stock valued at $5,081,000 after purchasing an additional 16,981 shares in the last quarter. Waverton Investment Management Ltd boosted its position in Yum China by 350.7% during the third quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company’s stock valued at $189,202,000 after purchasing an additional 3,270,560 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Yum China by 171.7% during the second quarter. Thrivent Financial for Lutherans now owns 2,069,134 shares of the company’s stock valued at $63,812,000 after purchasing an additional 1,307,574 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Yum China Price Performance

Shares of NYSE YUMC opened at $47.66 on Tuesday. The business’s 50 day moving average price is $43.61 and its 200 day moving average price is $37.15. The firm has a market cap of $18.10 billion, a P/E ratio of 21.09, a P/E/G ratio of 1.69 and a beta of 0.36. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $52.00. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC) last issued its earnings results on Monday, November 4th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Yum China’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that Yum China Holdings, Inc. will post 2.31 earnings per share for the current year.

Yum China Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, November 26th. Yum China’s payout ratio is presently 28.32%.

Analyst Upgrades and Downgrades

YUMC has been the topic of a number of recent research reports. StockNews.com raised Yum China from a “hold” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. Macquarie upgraded Yum China from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $30.00 to $37.40 in a research note on Tuesday, August 6th. Finally, Citigroup upgraded Yum China to a “strong-buy” rating in a research note on Monday, September 30th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $51.68.

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.