abrdn plc Reduces Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

abrdn plc decreased its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 312,072 shares of the company’s stock after selling 14,319 shares during the period. abrdn plc’s holdings in Yum China were worth $13,241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC boosted its stake in Yum China by 5.5% during the 3rd quarter. AE Wealth Management LLC now owns 7,850 shares of the company’s stock valued at $437,000 after purchasing an additional 406 shares during the period. IFP Advisors Inc boosted its stake in Yum China by 380.2% during the 3rd quarter. IFP Advisors Inc now owns 922 shares of the company’s stock valued at $51,000 after purchasing an additional 730 shares during the period. Caprock Group LLC raised its position in shares of Yum China by 73.3% during the 3rd quarter. Caprock Group LLC now owns 6,732 shares of the company’s stock worth $375,000 after buying an additional 2,848 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Yum China during the 3rd quarter worth about $206,000. Finally, Valeo Financial Advisors LLC raised its position in shares of Yum China by 31.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 10,019 shares of the company’s stock worth $558,000 after buying an additional 2,379 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Wall Street Analysts Forecast Growth

YUMC has been the topic of a number of research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $38.00 target price (down from $65.00) on shares of Yum China in a report on Thursday, January 4th. HSBC lowered their price objective on shares of Yum China from $66.80 to $51.30 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.65.

Yum China Stock Performance

Yum China stock opened at $39.05 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.24 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a 1 year low of $33.55 and a 1 year high of $64.50. The company has a market cap of $15.31 billion, a PE ratio of 19.92, a PEG ratio of 1.45 and a beta of 0.45. The company’s 50-day moving average is $40.06 and its two-hundred day moving average is $42.00.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.12. Yum China had a net margin of 7.53% and a return on equity of 11.63%. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the company posted $0.13 EPS. Yum China’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities analysts anticipate that Yum China Holdings, Inc. will post 2.2 earnings per share for the current year.

Yum China Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 5th were issued a $0.16 dividend. The ex-dividend date was Monday, March 4th. This is an increase from Yum China’s previous quarterly dividend of $0.13. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.64%. Yum China’s dividend payout ratio (DPR) is 32.65%.

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.