Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in Yum China Holdings, Inc. (NYSE:YUMC) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,580 shares of the company’s stock after selling 20,227 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Yum China were worth $7,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of YUMC. Private Advisor Group LLC grew its stake in shares of Yum China by 19.2% in the third quarter. Private Advisor Group LLC now owns 8,897 shares of the company’s stock valued at $496,000 after buying an additional 1,433 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Yum China by 12.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 48,300 shares of the company’s stock worth $2,691,000 after purchasing an additional 5,200 shares in the last quarter. NBC Securities Inc. acquired a new position in Yum China during the 3rd quarter worth $29,000. Ieq Capital LLC grew its stake in Yum China by 6.2% during the 3rd quarter. Ieq Capital LLC now owns 4,717 shares of the company’s stock worth $263,000 after purchasing an additional 276 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Yum China by 3.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,068 shares of the company’s stock worth $895,000 after purchasing an additional 566 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Stock Down 4.7 %

Shares of NYSE YUMC opened at $35.39 on Friday. The company has a market capitalization of $13.79 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.76 and a beta of 0.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.24. The business has a 50-day moving average of $38.48 and a two-hundred day moving average of $40.08. Yum China Holdings, Inc. has a 1 year low of $33.55 and a 1 year high of $61.99.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. Yum China had a return on equity of 11.90% and a net margin of 7.49%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the business earned $0.69 EPS. Yum China’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts forecast that Yum China Holdings, Inc. will post 2.18 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, May 28th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Friday, May 24th. Yum China’s payout ratio is currently 32.16%.

Analysts Set New Price Targets

Separately, HSBC lowered their target price on Yum China from $66.80 to $51.30 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.65.

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.