Westpac Banking Corp Purchases 1,568 Shares of Yum China $YUMC

Westpac Banking Corp raised its holdings in shares of Yum China (NYSE:YUMC) by 54.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,444 shares of the company’s stock after purchasing an additional 1,568 shares during the period. Westpac Banking Corp’s holdings in Yum China were worth $199,000 as of its most recent filing with the Securities and Exchange Commission.

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

Yum China Trading Up 0.5%

Shares of NYSE YUMC opened at $46.38 on Tuesday. The company’s fifty day moving average is $43.96 and its 200-day moving average is $44.67. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.63 and a beta of 0.18. Yum China has a twelve month low of $41.00 and a twelve month high of $53.99. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Equities research analysts predict that Yum China will post 2.54 EPS for the current year.

Yum China Announces Dividend

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

Wall Street Analysts Forecast Growth

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

About Yum China

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.