4,000 Shares in Yum China Holdings, Inc. (NYSE:YUMC) Bought by B. Riley Wealth Advisors Inc. (2024)

B. Riley Wealth Advisors Inc. bought a new stake in Yum China Holdings, Inc. (NYSE:YUMC – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,000 shares of the company’s stock, valued at approximately $159,000.

Several other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Yum China in the 4th quarter valued at $265,777,000. GUARDCAP ASSET MANAGEMENT Ltd lifted its stake in shares of Yum China by 38.4% in the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 12,223,942 shares of the company’s stock worth $486,391,000 after buying an additional 3,389,987 shares in the last quarter. Dodge & Cox boosted its position in Yum China by 23,769.2% during the fourth quarter. Dodge & Cox now owns 3,165,531 shares of the company’s stock worth $134,313,000 after acquiring an additional 3,152,269 shares during the last quarter. Earnest Partners LLC purchased a new stake in Yum China during the 1st quarter valued at about $65,645,000. Finally, Mondrian Investment Partners LTD raised its holdings in Yum China by 74.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,811,769 shares of the company’s stock valued at $112,135,000 after acquiring an additional 1,197,303 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Macquarie upgraded Yum China from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $30.00 to $37.40 in a report on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.20.

Read Our Latest Stock Analysis on YUMC

Yum China Stock Performance

Yum China stock opened at $33.88 on Thursday. The firm has a 50 day simple moving average of $32.08 and a 200-day simple moving average of $36.51. The stock has a market cap of $13.20 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.25 and a beta of 0.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.24. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $58.21.

Yum China (NYSE:YUMC – Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.08. Yum China had a return on equity of 11.90% and a net margin of 7.49%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts expect that Yum China Holdings, Inc. will post 2.16 EPS for the current year.

Yum China Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.64 dividend on an annualized basis and a yield of 1.89%. Yum China’s payout ratio is currently 32.16%.

About Yum China

(Free Report)

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.

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