Raymond James Trust N.A. Purchases 2,726 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Raymond James Trust N.A. raised its position in Yum China Holdings, Inc. (NYSE:YUMC) by 19.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,641 shares of the company’s stock after purchasing an additional 2,726 shares during the quarter. Raymond James Trust N.A.’s holdings in Yum China were worth $749,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Eagle Bay Advisors LLC lifted its holdings 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 purchasing an additional 380 shares during the period. LRI Investments LLC bought a new stake in shares of Yum China in the 1st quarter valued at about $36,000. Farther Finance Advisors LLC increased its stake in shares of Yum China by 43.9% in the third quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock valued at $38,000 after buying an additional 258 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of Yum China during the first quarter worth about $39,000. Finally, McClarren Financial Advisors Inc. lifted its stake in shares of Yum China by 906.5% in the third quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock worth $42,000 after acquiring an additional 834 shares during the period. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Trading Up 1.1 %

NYSE:YUMC opened at $47.60 on Tuesday. The firm has a fifty day simple moving average of $44.92 and a two-hundred day simple moving average of $37.49. Yum China Holdings, Inc. has a 12 month low of $28.50 and a 12 month high of $52.00. The stock has a market capitalization of $18.08 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.67 and a beta of 0.36. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01.

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

Yum China Announces Dividend

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 1.34%. The ex-dividend date is Tuesday, November 26th. Yum China’s payout ratio is 28.32%.

Wall Street Analyst Weigh In

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

Yum China Company 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.