Okabena Investment Services Inc. Has $2.57 Million Stock Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Okabena Investment Services Inc. boosted its position in Yum China Holdings, Inc. (NYSE:YUMC) by 18.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 57,045 shares of the company’s stock after purchasing an additional 9,066 shares during the period. Yum China comprises 0.7% of Okabena Investment Services Inc.’s holdings, making the stock its 27th largest position. Okabena Investment Services Inc.’s holdings in Yum China were worth $2,568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of YUMC. Bessemer Group Inc. boosted its stake in Yum China by 14.3% in the 1st quarter. Bessemer Group Inc. now owns 3,235 shares of the company’s stock valued at $129,000 after purchasing an additional 405 shares during the period. EntryPoint Capital LLC bought a new position in Yum China during the first quarter worth about $79,000. CreativeOne Wealth LLC acquired a new stake in Yum China in the 1st quarter worth about $312,000. Advisors Asset Management Inc. bought a new stake in Yum China in the 1st quarter valued at about $381,000. Finally, Toronto Dominion Bank grew its position in shares of Yum China by 35.9% during the 1st quarter. Toronto Dominion Bank now owns 31,817 shares of the company’s stock worth $1,266,000 after purchasing an additional 8,406 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Analyst Upgrades and Downgrades

YUMC has been the subject of a number of analyst reports. Citigroup raised Yum China to a “strong-buy” rating in a research note on Monday, September 30th. StockNews.com raised Yum China from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Macquarie raised Yum China from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $30.00 to $37.40 in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $35.50 to $60.00 in a research note on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $51.68.

Yum China Stock Performance

NYSE:YUMC opened at $47.07 on Friday. 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 Holdings, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $52.00. The company has a 50 day simple moving average of $44.92 and a two-hundred day simple moving average of $37.49. The company has a market capitalization of $17.88 billion, a PE ratio of 20.83, a P/E/G ratio of 1.67 and a beta of 0.36.

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

Yum China Announces Dividend

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

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.