Commerzbank Aktiengesellschaft FI Has $2.87 Million Holdings in Yum China Holdings Inc (YUMC)
Commerzbank Aktiengesellschaft FI raised its holdings in Yum China Holdings Inc (NYSE:YUMC) by 59.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,644 shares of the company’s stock after acquiring an additional 27,819 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Yum China were worth $2,871,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Advisors LLC lifted its stake in shares of Yum China by 660.8% in the second quarter. Legacy Advisors LLC now owns 3,043 shares of the company’s stock worth $117,000 after buying an additional 2,643 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of Yum China in the second quarter worth $140,000. Signaturefd LLC acquired a new stake in shares of Yum China in the first quarter worth $163,000. Optimum Investment Advisors bought a new position in Yum China during the first quarter worth $181,000. Finally, Altium Wealth Management LLC bought a new position in Yum China during the first quarter worth $206,000. Hedge funds and other institutional investors own 82.66% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Oppenheimer dropped their target price on shares of Yum China from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, August 2nd. Zacks Investment Research lowered shares of Yum China from a “hold” rating to a “sell” rating in a research report on Sunday, July 8th. UBS Group lowered shares of Yum China from an “outperform” rating to a “market perform” rating in a research report on Friday, August 17th. Macquarie lowered shares of Yum China from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 2nd. Finally, Bank of America lowered shares of Yum China from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $44.30 to $34.00 in a research report on Thursday, July 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Yum China has a consensus rating of “Hold” and a consensus target price of $46.06.
Yum China (NYSE:YUMC) last announced its earnings results on Wednesday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. Yum China had a net margin of 6.45% and a return on equity of 20.94%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Yum China’s revenue was up 12.3% compared to the same quarter last year. analysts predict that Yum China Holdings Inc will post 1.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Wednesday, August 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, August 28th. Yum China’s dividend payout ratio (DPR) is currently 28.17%.
In other Yum China news, CEO Joey Wat purchased 24,400 shares of the stock in a transaction on Thursday, June 7th. The shares were purchased at an average price of $40.97 per share, with a total value of $999,668.00. Following the acquisition, the chief executive officer now directly owns 21,991 shares of the company’s stock, valued at approximately $900,971.27. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.37% of the company’s stock.
Yum China Profile
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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