Raymond James & Associates Has $47.23 Million Stock Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Raymond James & Associates lifted its stake in Yum China Holdings, Inc. (NYSE:YUMC) by 45.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,186,953 shares of the company’s stock after purchasing an additional 372,317 shares during the quarter. Raymond James & Associates owned 0.30% of Yum China worth $47,229,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. purchased a new position in shares of Yum China in the first quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Yum China in the third quarter valued at $27,000. NBC Securities Inc. purchased a new position in shares of Yum China during the third quarter valued at $29,000. Johnson Financial Group Inc. raised its position in Yum China by 3,107.1% during the fourth quarter. Johnson Financial Group Inc. now owns 898 shares of the company’s stock valued at $38,000 after buying an additional 870 shares during the period. Finally, Anchor Investment Management LLC purchased a new stake in Yum China in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Analysts Set New Price Targets

Separately, HSBC dropped their target price on Yum China from $66.80 to $51.30 and set a “buy” rating on the stock in a 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.

Yum China Stock Up 2.8 %

NYSE YUMC traded up $1.05 on Friday, reaching $38.41. The stock had a trading volume of 2,641,858 shares, compared to its average volume of 2,971,875. 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 business has a 50 day moving average price of $39.64 and a 200 day moving average price of $41.25. The company has a market capitalization of $15.06 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.76 and a beta of 0.46.

Yum China (NYSE:YUMC) last announced its quarterly 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. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Yum China had a return on equity of 11.65% and a net margin of 7.49%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. On average, analysts forecast that Yum China Holdings, Inc. will post 2.19 EPS for the current fiscal year.

Yum China Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, May 28th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, May 28th. Yum China’s dividend payout ratio is presently 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.