Yum China Holdings Inc (NYSE:YUMC) Shares Bought by LLBH Private Wealth Management LLC

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LLBH Private Wealth Management LLC raised its holdings in Yum China Holdings Inc (NYSE:YUMC) by 82.4% in the second quarter, Holdings Channel.com reports. The fund owned 9,433 shares of the company’s stock after buying an additional 4,261 shares during the quarter. LLBH Private Wealth Management LLC’s holdings in Yum China were worth $240,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in YUMC. OppenheimerFunds Inc. lifted its holdings in Yum China by 83.4% in the first quarter. OppenheimerFunds Inc. now owns 17,160,157 shares of the company’s stock valued at $770,663,000 after acquiring an additional 7,804,046 shares during the period. BlackRock Inc. raised its stake in shares of Yum China by 19.5% during the 1st quarter. BlackRock Inc. now owns 39,168,859 shares of the company’s stock worth $1,759,077,000 after buying an additional 6,383,587 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Yum China by 76.4% during the 1st quarter. JPMorgan Chase & Co. now owns 10,804,636 shares of the company’s stock worth $485,236,000 after buying an additional 4,679,434 shares during the last quarter. Broad Peak Investment Management LTD. acquired a new position in shares of Yum China during the 2nd quarter worth $88,219,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Yum China by 149.9% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,482,094 shares of the company’s stock worth $114,673,000 after buying an additional 1,488,860 shares during the last quarter. 79.36% of the stock is owned by institutional investors.

In related news, Director Muktesh Pant sold 88,184 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $45.76, for a total value of $4,035,299.84. Following the completion of the transaction, the director now owns 403,163 shares of the company’s stock, valued at approximately $18,448,738.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.44% of the company’s stock.

Several research firms have recently issued reports on YUMC. Zacks Investment Research downgraded Yum China from a “strong-buy” rating to a “hold” rating and set a $53.00 price target for the company. in a research note on Friday, July 5th. UBS Group lifted their price target on Yum China from $46.07 to $56.06 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Bank of America raised Yum China from a “neutral” rating to a “buy” rating and set a $47.20 price target for the company in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $51.65.

Shares of NYSE:YUMC traded up $0.64 during midday trading on Tuesday, hitting $42.96. 70,866 shares of the stock were exchanged, compared to its average volume of 2,374,122. The stock has a market cap of $15.95 billion, a P/E ratio of 28.04, a PEG ratio of 2.64 and a beta of 1.15. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01. Yum China Holdings Inc has a twelve month low of $30.10 and a twelve month high of $48.27. The company has a 50 day moving average price of $44.17 and a 200-day moving average price of $43.23.

Yum China (NYSE:YUMC) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.09. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.16 billion. Yum China had a return on equity of 21.03% and a net margin of 7.91%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 EPS. On average, equities research analysts expect that Yum China Holdings Inc will post 1.71 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, August 26th. Yum China’s dividend payout ratio (DPR) is presently 31.37%.

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, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.

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

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