Loomis Sayles & Co. L P Reduces Position in Yum China Holdings, Inc. (NYSE:YUMC)

Loomis Sayles & Co. L P reduced its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 5.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,407,008 shares of the company’s stock after selling 319,439 shares during the period. Loomis Sayles & Co. L P’s holdings in Yum China were worth $243,424,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of YUMC. Massachusetts Financial Services Co. MA lifted its position in shares of Yum China by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,967,353 shares of the company’s stock worth $369,073,000 after buying an additional 121,617 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Yum China by 49.6% during the third quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company’s stock worth $356,206,000 after purchasing an additional 2,609,494 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of Yum China by 56.3% in the 2nd quarter. Mondrian Investment Partners LTD now owns 4,394,628 shares of the company’s stock valued at $133,203,000 after purchasing an additional 1,582,859 shares during the last quarter. Waverton Investment Management Ltd grew its stake in Yum China by 350.7% during the 3rd quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company’s stock worth $189,202,000 after buying an additional 3,270,560 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Yum China by 0.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,552,629 shares of the company’s stock worth $159,939,000 after buying an additional 11,535 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

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

Yum China Stock Down 0.0 %

YUMC opened at $47.07 on Monday. The firm has a market cap of $17.88 billion, a P/E ratio of 20.83, a PEG ratio of 1.67 and a beta of 0.36. The business’s fifty day simple moving average is $44.92 and its 200 day simple moving average is $37.49. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $52.00. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01.

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

Yum China Dividend Announcement

The firm also recently declared 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. 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 dividend payout ratio (DPR) is 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.