Mackay Shields LLC Invests $19.38 Million in Yum China Holdings Inc (YUMC) Stock
Mackay Shields LLC bought a new position in shares of Yum China Holdings Inc (NYSE:YUMC) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 503,827 shares of the company’s stock, valued at approximately $19,377,000.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Yum China by 4.1% during the first quarter. BlackRock Inc. now owns 27,794,989 shares of the company’s stock worth $1,153,492,000 after acquiring an additional 1,089,933 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Yum China by 32.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 18,374,776 shares of the company’s stock worth $706,693,000 after acquiring an additional 4,475,130 shares during the period. JPMorgan Chase & Co. increased its position in shares of Yum China by 58.5% during the first quarter. JPMorgan Chase & Co. now owns 7,824,856 shares of the company’s stock worth $324,733,000 after acquiring an additional 2,888,912 shares during the period. FIL Ltd increased its position in shares of Yum China by 28.6% during the first quarter. FIL Ltd now owns 5,246,009 shares of the company’s stock worth $217,709,000 after acquiring an additional 1,166,066 shares during the period. Finally, Genesis Asset Managers LLP purchased a new position in shares of Yum China during the second quarter worth approximately $200,754,000. 83.52% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on YUMC shares. Bank of America lowered shares of Yum China from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $44.30 to $34.00 in a report on Thursday, July 19th. Zacks Investment Research lowered shares of Yum China from a “hold” rating to a “sell” rating in a report on Sunday, July 8th. Macquarie lowered shares of Yum China from an “outperform” rating to a “neutral” rating in a report on Thursday, August 2nd. Finally, Oppenheimer cut their price objective on shares of Yum China from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $46.83.
Shares of Yum China opened at $34.44 on Monday, Marketbeat.com reports. The company has a market cap of $13.20 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 1.59 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.52 and a current ratio of 1.74. Yum China Holdings Inc has a 52-week low of $32.10 and a 52-week high of $48.75.
Yum China (NYSE:YUMC) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.10 billion. Yum China had a net margin of 6.45% and a return on equity of 20.94%. Yum China’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. sell-side analysts anticipate that Yum China Holdings Inc will post 1.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Wednesday, August 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, August 28th. Yum China’s payout ratio is 28.17%.
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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