Mirae Asset Global Investments Co. Ltd. Decreases Position in Yum China Holdings, Inc. (NYSE:YUMC)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 461,282 shares of the company’s stock after selling 4,204 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Yum China were worth $26,062,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of YUMC. Headlands Technologies LLC purchased a new stake in Yum China during the 2nd quarter valued at about $41,000. Raymond James Trust N.A. grew its holdings in shares of Yum China by 4.5% in the first quarter. Raymond James Trust N.A. now owns 11,374 shares of the company’s stock worth $721,000 after purchasing an additional 485 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Yum China by 2.0% during the 1st quarter. King Luther Capital Management Corp now owns 10,755 shares of the company’s stock valued at $682,000 after buying an additional 210 shares during the last quarter. Matthews International Capital Management LLC boosted its position in Yum China by 22.1% during the 1st quarter. Matthews International Capital Management LLC now owns 3,071,310 shares of the company’s stock valued at $194,690,000 after buying an additional 555,343 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Yum China by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,201,172 shares of the company’s stock worth $124,366,000 after acquiring an additional 74,842 shares during the last quarter. 73.91% of the stock is owned by institutional investors.

Yum China Stock Up 0.8 %

NYSE:YUMC opened at $46.27 on Tuesday. Yum China Holdings, Inc. has a 1-year low of $41.48 and a 1-year high of $64.70. The company has a market capitalization of $19.14 billion, a PE ratio of 24.88, a P/E/G ratio of 1.23 and a beta of 0.57. The firm’s 50-day moving average price is $51.68 and its 200-day moving average price is $55.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.59 and a quick ratio of 1.42.

Yum China (NYSE:YUMC) last announced its earnings results on Tuesday, October 31st. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). Yum China had a net margin of 7.41% and a return on equity of 10.91%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the prior year, the business posted $0.49 EPS. Yum China’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts predict that Yum China Holdings, Inc. will post 1.94 EPS for the current fiscal year.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Monday, November 27th. Yum China’s payout ratio is 27.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on YUMC shares. HSBC upped their price objective on shares of Yum China from $77.90 to $79.20 and gave the company a “buy” rating in a research note on Tuesday, September 19th. StockNews.com downgraded shares of Yum China from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Jefferies Financial Group raised shares of Yum China from a “hold” rating to a “buy” rating and lifted their target price for the company from $65.78 to $71.30 in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.25.

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, which sells electronics, home and kitchen accessories, and other general merchandise, as well as fried rice, steak, and pasta; and offers online food deliver services.