Claro Advisors LLC acquired a new stake in Yum China Holdings, Inc. (NYSE:YUMC – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,348 shares of the company’s stock, valued at approximately $331,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board grew its stake in shares of Yum China by 40.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 987,725 shares of the company’s stock worth $39,302,000 after acquiring an additional 286,307 shares during the period. Value Partners Investments Inc. boosted its position in Yum China by 27.4% during the third quarter. Value Partners Investments Inc. now owns 255,950 shares of the company’s stock worth $11,523,000 after purchasing an additional 55,000 shares during the period. California State Teachers Retirement System increased its stake in shares of Yum China by 15.3% in the first quarter. California State Teachers Retirement System now owns 127,693 shares of the company’s stock worth $5,081,000 after purchasing an additional 16,981 shares in the last quarter. Waverton Investment Management Ltd raised its position in shares of Yum China by 350.7% in the third quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company’s stock valued at $189,202,000 after purchasing an additional 3,270,560 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of Yum China by 171.7% in the second quarter. Thrivent Financial for Lutherans now owns 2,069,134 shares of the company’s stock valued at $63,812,000 after purchasing an additional 1,307,574 shares during the period. 85.58% of the stock is owned by institutional investors.
Yum China Trading Up 1.0 %
Shares of YUMC stock opened at $47.66 on Tuesday. The company has a market capitalization of $18.10 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.69 and a beta of 0.36. Yum China Holdings, Inc. has a 52-week low of $28.50 and a 52-week high of $52.00. The business’s fifty day moving average is $43.61 and its 200 day moving average is $37.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29.
Yum China Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, November 26th. Yum China’s payout ratio is 28.32%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on YUMC shares. Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and lifted their price objective for the company from $30.00 to $37.40 in a research note on Tuesday, August 6th. Citigroup upgraded Yum China to a “strong-buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. Finally, StockNews.com raised Yum China from a “hold” rating to a “buy” rating in a report on Friday. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $51.68.
View Our Latest Report on YUMC
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.
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