Nomura Holdings Inc. trimmed its position in Yum China Holdings Inc (NYSE:YUMC) by 13.1% in the second quarter, Holdings Channel reports. The fund owned 55,799 shares of the company’s stock after selling 8,402 shares during the period. Nomura Holdings Inc.’s holdings in Yum China were worth $2,146,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Andra AP fonden grew its stake in Yum China by 44.7% during the 2nd quarter. Andra AP fonden now owns 194,800 shares of the company’s stock worth $7,492,000 after buying an additional 60,200 shares during the last quarter. Global X Management Co LLC bought a new position in Yum China during the 2nd quarter worth $18,294,000. Amussen Hunsaker Associates LLC bought a new position in Yum China during the 2nd quarter worth $130,000. Bank of Nova Scotia bought a new position in Yum China during the 2nd quarter worth $451,000. Finally, California Public Employees Retirement System grew its stake in Yum China by 22.9% during the 2nd quarter. California Public Employees Retirement System now owns 1,019,714 shares of the company’s stock worth $39,218,000 after buying an additional 190,025 shares during the last quarter. Institutional investors and hedge funds own 82.63% of the company’s stock.

Shares of YUMC stock opened at $35.26 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.74 and a debt-to-equity ratio of 0.01. Yum China Holdings Inc has a 1 year low of $30.10 and a 1 year high of $48.75. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 1.62 and a beta of 1.00.

Yum China (NYSE:YUMC) last announced its quarterly 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 return on equity of 20.94% and a net margin of 6.45%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. equities analysts expect that Yum China Holdings Inc will post 1.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 19th. Shareholders of record on Wednesday, August 29th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. Yum China’s dividend payout ratio (DPR) is presently 28.17%.

A number of research analysts recently commented on YUMC shares. Oppenheimer downgraded Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research note on Friday, August 17th. Bank of America lowered Yum China from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $44.30 to $34.00 in a research report on Thursday, July 19th. UBS Group lowered Yum China from an “outperform” rating to a “market perform” rating in a research report on Friday, August 17th. Zacks Investment Research upgraded Yum China from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Macquarie lowered Yum China from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Yum China has a consensus rating of “Hold” and a consensus price target of $45.44.

In other Yum China news, insider Angela Ai sold 4,529 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $38.25, for a total transaction of $173,234.25. Following the completion of the transaction, the insider now owns 9,000 shares in the company, valued at approximately $344,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.37% of the company’s stock.

Yum China Company 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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Institutional Ownership by Quarter for Yum China (NYSE:YUMC)

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