Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in Yum China Holdings, Inc. (NYSE:YUMC) by 35.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,747,563 shares of the company’s stock after selling 4,219,790 shares during the period. Massachusetts Financial Services Co. MA owned 2.02% of Yum China worth $348,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in Yum China by 14.3% during the 1st quarter. Bessemer Group Inc. now owns 3,235 shares of the company’s stock worth $129,000 after buying an additional 405 shares during the last quarter. MQS Management LLC acquired a new stake in Yum China in the first quarter valued at about $203,000. EntryPoint Capital LLC acquired a new stake in Yum China in the first quarter valued at about $79,000. CreativeOne Wealth LLC purchased a new stake in shares of Yum China in the first quarter valued at approximately $312,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Yum China during the 1st quarter worth $381,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

YUMC has been the subject of several research reports. JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. Citigroup upgraded shares of Yum China to a “strong-buy” rating in a research report on Monday, September 30th. Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and raised their target price for the company from $30.00 to $37.40 in a report on Tuesday, August 6th. Finally, StockNews.com raised shares of Yum China from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $51.68.

Yum China Stock Performance

NYSE YUMC opened at $47.06 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $17.87 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.68 and a beta of 0.36. The business’s 50-day moving average price is $44.42 and its 200 day moving average price is $37.36. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $52.00.

Yum China (NYSE:YUMC) last released its earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.09. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts predict that Yum China Holdings, Inc. will post 2.33 earnings per share for the current year.

Yum China Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.64 annualized dividend and a dividend yield of 1.36%. Yum China’s dividend payout ratio is presently 28.32%.

About Yum China

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.