Legal & General Group Plc Has $93.64 Million Position in Yum China $YUMC

Legal & General Group Plc lowered its position in Yum China (NYSE:YUMC) by 14.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,965,415 shares of the company’s stock after selling 342,251 shares during the period. Legal & General Group Plc’s holdings in Yum China were worth $93,639,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ashoka WhiteOak Capital Pte Ltd increased its holdings in Yum China by 0.7% in the fourth quarter. Ashoka WhiteOak Capital Pte Ltd now owns 28,350 shares of the company’s stock worth $1,342,000 after buying an additional 200 shares during the last quarter. Glenview Trust Co increased its holdings in Yum China by 4.3% in the fourth quarter. Glenview Trust Co now owns 4,904 shares of the company’s stock worth $234,000 after buying an additional 200 shares during the last quarter. Truist Financial Corp increased its holdings in Yum China by 0.3% in the fourth quarter. Truist Financial Corp now owns 68,009 shares of the company’s stock worth $3,247,000 after buying an additional 211 shares during the last quarter. Biltmore Family Office LLC increased its holdings in Yum China by 3.1% in the fourth quarter. Biltmore Family Office LLC now owns 7,111 shares of the company’s stock worth $339,000 after buying an additional 216 shares during the last quarter. Finally, Turning Point Benefit Group Inc. increased its holdings in Yum China by 13.9% in the fourth quarter. Turning Point Benefit Group Inc. now owns 1,824 shares of the company’s stock worth $87,000 after buying an additional 222 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Analysts Set New Price Targets

YUMC has been the topic of a number of research reports. Wall Street Zen downgraded Yum China from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded Yum China from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. The Goldman Sachs Group restated a “buy” rating and issued a $58.50 price objective on shares of Yum China in a report on Wednesday, February 4th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $63.64 price objective on shares of Yum China in a report on Thursday, February 5th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.05.

Yum China Stock Down 2.2%

Shares of Yum China stock opened at $43.10 on Friday. The stock has a market capitalization of $15.05 billion, a P/E ratio of 16.51, a PEG ratio of 1.23 and a beta of 0.13. The company has a quick ratio of 0.83, a current ratio of 1.01 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $48.22 and a two-hundred day moving average price of $49.40. Yum China has a 12-month low of $41.69 and a 12-month high of $58.39.

Yum China (NYSE:YUMC) last announced its earnings results on Wednesday, April 29th. The company reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Yum China had a return on equity of 15.11% and a net margin of 7.83%.The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. Equities analysts expect that Yum China will post 2.95 earnings per share for the current year.

Yum China Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. Yum China’s dividend payout ratio is presently 44.44%.

Yum China Profile

Yum China Holdings, Inc operates as the largest quick-service restaurant company in China, through its ownership and franchising of brands such as KFC, Pizza Hut and Taco Bell. The company’s core business encompasses full-service and fast‐casual dining, takeout and delivery channels, as well as ancillary services including loyalty programs and digital ordering platforms. Yum China’s restaurants offer a diverse menu that adapts global brand concepts to local consumer preferences, featuring items such as soy‐marinated chicken, customized pizzas and region‐inspired side dishes.

In addition to its signature brands, Yum China has expanded its portfolio to include innovative concepts tailored to evolving market trends, such as plant‐based offerings, self‐service kiosks and mobile app integrations.