L & S Advisors Inc Purchases New Position in Yum China Holdings, Inc. (NYSE:YUMC)

L & S Advisors Inc acquired a new position in Yum China Holdings, Inc. (NYSE:YUMC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,000 shares of the company’s stock, valued at approximately $270,000.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its position in Yum China by 43.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 258 shares during the period. LRI Investments LLC purchased a new position in Yum China during the 1st quarter valued at $36,000. McClarren Financial Advisors Inc. grew its position in Yum China by 906.5% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock valued at $42,000 after acquiring an additional 834 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Yum China during the first quarter worth $39,000. Finally, Eagle Bay Advisors LLC lifted 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 purchasing an additional 380 shares during the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Yum China Stock Performance

YUMC stock opened at $47.06 on Friday. The firm has a 50-day simple moving average of $44.42 and a two-hundred day simple moving average of $37.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29. Yum China Holdings, Inc. has a one year low of $28.50 and a one year high of $52.00. The firm has a market cap of $17.87 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.68 and a beta of 0.36.

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

Yum China Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.36%. Yum China’s dividend payout ratio is currently 28.32%.

Wall Street Analyst Weigh In

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

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.