PNC Financial Services Group Inc. Trims Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

PNC Financial Services Group Inc. lowered its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 6.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 134,852 shares of the company’s stock after selling 9,199 shares during the period. PNC Financial Services Group Inc.’s holdings in Yum China were worth $6,071,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in YUMC. Farther Finance Advisors LLC lifted its position in shares of Yum China by 43.9% during the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 258 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its holdings in Yum China by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 6,802 shares of the company’s stock worth $271,000 after buying an additional 286 shares in the last quarter. Blair William & Co. IL boosted its position in Yum China by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 25,639 shares of the company’s stock valued at $791,000 after buying an additional 302 shares during the period. Carmichael Hill & Associates Inc. grew its stake in shares of Yum China by 12.1% in the second quarter. Carmichael Hill & Associates Inc. now owns 3,338 shares of the company’s stock worth $103,000 after acquiring an additional 360 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its position in shares of Yum China by 53.7% during the second quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock worth $34,000 after acquiring an additional 380 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on YUMC. StockNews.com upgraded Yum China from a “hold” rating to a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $35.50 to $60.00 in a research report on Tuesday, November 5th. Citigroup raised shares of Yum China to a “strong-buy” rating in a report on Monday, September 30th. Finally, Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $30.00 to $37.40 in a report on Tuesday, August 6th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Yum China has a consensus rating of “Buy” and a consensus target price of $51.68.

Yum China Price Performance

YUMC stock opened at $47.07 on Friday. The business has a 50 day moving average price of $44.92 and a 200 day moving average price of $37.49. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The stock has a market cap of $17.88 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.67 and a beta of 0.36. Yum China Holdings, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $52.00.

Yum China (NYSE:YUMC) last issued its earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.09. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the business posted $0.59 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Yum China Holdings, Inc. will post 2.33 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Tuesday, November 26th. Yum China’s dividend payout ratio (DPR) is currently 28.32%.

Yum China Profile

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.