Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. trimmed its stake in Yum China Holdings, Inc. (NYSE:YUMC) by 34.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,034 shares of the company’s stock after selling 547 shares during the quarter. First Horizon Advisors Inc.’s holdings in Yum China were worth $44,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its stake in Yum China by 2.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 12,374,902 shares of the company’s stock valued at $689,530,000 after purchasing an additional 295,494 shares during the last quarter. Royal Bank of Canada raised its position in shares of Yum China by 4.5% during the 3rd quarter. Royal Bank of Canada now owns 7,819,136 shares of the company’s stock worth $435,682,000 after purchasing an additional 337,033 shares during the period. Schroder Investment Management Group raised its position in shares of Yum China by 23.3% during the 3rd quarter. Schroder Investment Management Group now owns 4,847,238 shares of the company’s stock worth $270,088,000 after purchasing an additional 916,418 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Yum China by 13.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,766,787 shares of the company’s stock worth $159,825,000 after buying an additional 433,411 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Yum China by 1.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,451,459 shares of the company’s stock worth $192,315,000 after buying an additional 61,063 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, HSBC decreased their price objective on Yum China from $66.80 to $51.30 and set a “buy” rating for the company in a report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.65.

Yum China Price Performance

Shares of YUMC stock opened at $37.30 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.42 and a quick ratio of 1.24. The stock’s fifty day simple moving average is $39.32 and its 200 day simple moving average is $40.94. Yum China Holdings, Inc. has a one year low of $33.55 and a one year high of $62.56. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 1.77 and a beta of 0.46.

Yum China (NYSE:YUMC) last released its earnings results on Monday, April 29th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.65 by $0.06. Yum China had a return on equity of 11.65% and a net margin of 7.49%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the firm earned $0.69 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts expect that Yum China Holdings, Inc. will post 2.19 earnings per share for the current fiscal year.

Yum China Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, May 28th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Friday, May 24th. Yum China’s dividend payout ratio is currently 32.16%.

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.