RNC Capital Management LLC Takes Position in Yum China Holdings, Inc. (NYSE:YUMC)

RNC Capital Management LLC purchased a new stake in Yum China Holdings, Inc. (NYSE:YUMCGet Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,234 shares of the company’s stock, valued at approximately $261,000.

Several other hedge funds also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of Yum China by 4.2% in the 3rd quarter. Invesco Ltd. now owns 40,272,509 shares of the company’s stock valued at $2,340,237,000 after purchasing an additional 1,619,925 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Yum China by 5.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,839,774 shares of the company’s stock worth $920,449,000 after buying an additional 829,687 shares during the period. Royal Bank of Canada raised its stake in Yum China by 0.7% during the 3rd quarter. Royal Bank of Canada now owns 7,113,002 shares of the company’s stock worth $413,337,000 after buying an additional 52,475 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in Yum China by 7.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,529,058 shares of the company’s stock worth $379,403,000 after buying an additional 428,180 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Yum China by 16.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,207,030 shares of the company’s stock worth $244,471,000 after buying an additional 588,949 shares during the period. 79.89% of the stock is currently owned by institutional investors.

Several analysts recently commented on the company. Zacks Investment Research raised Yum China from a “strong sell” rating to a “hold” rating and set a $43.00 price objective on the stock in a research note on Tuesday, April 12th. StockNews.com assumed coverage on Yum China in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.98.

YUMC stock traded up $0.73 during trading hours on Tuesday, reaching $43.29. 52,991 shares of the stock were exchanged, compared to its average volume of 2,993,904. The firm’s 50-day moving average is $45.92 and its 200-day moving average is $49.89. The company has a market cap of $18.42 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 3.88 and a beta of 0.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.98 and a quick ratio of 1.80. Yum China Holdings, Inc. has a 12 month low of $33.55 and a 12 month high of $69.67.

Yum China (NYSE:YUMCGet Rating) last announced its quarterly earnings data on Tuesday, February 8th. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.14). The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.38 billion. Yum China had a net margin of 10.05% and a return on equity of 7.45%. Yum China’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, equities research analysts forecast that Yum China Holdings, Inc. will post 1.4 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 29th. Stockholders of record on Tuesday, March 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, March 7th. Yum China’s payout ratio is 20.96%.

Yum China Company Profile (Get Rating)

Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates through two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, Lavazza, COFFii & JOY, Taco Bell, and East Dawning brands, which specialize in chicken, pizza, hot pot cooking, simmer pot, Italian coffee, specialty coffee, Mexican-style food, and Chinese food categories.

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

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