Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,407,008 shares of the company’s stock after selling 319,439 shares during the quarter. Loomis Sayles & Co. L P owned 1.42% of Yum China worth $243,424,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd boosted its position in Yum China by 590.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 61,745 shares of the company’s stock worth $2,913,000 after purchasing an additional 52,808 shares in the last quarter. Davis R M Inc. acquired a new stake in Yum China in the 3rd quarter valued at $267,000. Daiwa Securities Group Inc. increased its holdings in Yum China by 28.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,745 shares of the company’s stock worth $304,000 after acquiring an additional 1,500 shares in the last quarter. Pekin Hardy Strauss Inc. raised its position in Yum China by 142.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 19,825 shares of the company’s stock worth $893,000 after acquiring an additional 11,650 shares during the period. Finally, Okabena Investment Services Inc. lifted its holdings in Yum China by 18.9% during the third quarter. Okabena Investment Services Inc. now owns 57,045 shares of the company’s stock valued at $2,568,000 after purchasing an additional 9,066 shares in the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com upgraded Yum China from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Macquarie raised shares of Yum China from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $30.00 to $37.40 in a report on Tuesday, August 6th. Citigroup upgraded Yum China to a “strong-buy” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. upgraded Yum China from a “neutral” rating to an “overweight” rating and upped their target price for the company from $35.50 to $60.00 in a report on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $51.68.

Yum China Trading Down 0.0 %

NYSE YUMC opened at $47.07 on Monday. The firm’s 50-day moving average is $44.92 and its two-hundred day moving average is $37.49. The stock has a market capitalization of $17.88 billion, a P/E ratio of 20.83, a PEG ratio of 1.67 and a beta of 0.36. Yum China Holdings, Inc. has a 12 month low of $28.50 and a 12 month high of $52.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.15.

Yum China (NYSE:YUMC) last released its quarterly earnings results on Monday, November 4th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.68 by $0.09. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.03 billion. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. On average, sell-side analysts anticipate that Yum China Holdings, Inc. will post 2.33 earnings per share for the current year.

Yum China Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, November 26th. Yum China’s payout ratio is currently 28.32%.

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.