7,229 Shares in Yum China $YUMC Bought by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new stake in Yum China (NYSE:YUMC) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,229 shares of the company’s stock, valued at approximately $323,000.

Several other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Yum China by 29.7% in the first quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company’s stock worth $1,248,709,000 after purchasing an additional 5,485,735 shares during the period. Carrhae Capital LLP acquired a new position in Yum China in the second quarter worth $48,868,000. DekaBank Deutsche Girozentrale increased its stake in shares of Yum China by 355.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,001,107 shares of the company’s stock valued at $45,280,000 after buying an additional 781,117 shares in the last quarter. Nuveen LLC acquired a new position in Yum China during the 1st quarter worth about $40,023,000. Finally, Driehaus Capital Management LLC grew its holdings in Yum China by 53.5% during the 1st quarter. Driehaus Capital Management LLC now owns 2,120,086 shares of the company’s stock worth $110,372,000 after acquiring an additional 739,060 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yum China in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Yum China Price Performance

Shares of NYSE YUMC opened at $46.08 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. The business has a 50-day moving average of $43.86 and a 200-day moving average of $44.65. Yum China has a fifty-two week low of $41.00 and a fifty-two week high of $53.99. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.63 and a beta of 0.18.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.20 billion. Yum China had a net margin of 8.04% and a return on equity of 14.13%. Yum China’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. As a group, sell-side analysts predict that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. Yum China’s dividend payout ratio is 39.83%.

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.