Meyer Handelman Co. Has $362,000 Stock Position in Yum China Holdings, Inc. (NYSE:YUMC)

Meyer Handelman Co. trimmed its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 19.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,090 shares of the company’s stock after selling 2,200 shares during the quarter. Meyer Handelman Co.’s holdings in Yum China were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its holdings in Yum China by 9.9% during the fourth quarter. Allianz Asset Management GmbH now owns 846,540 shares of the company’s stock valued at $35,919,000 after purchasing an additional 75,915 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Yum China by 237.1% in the 3rd quarter. American Century Companies Inc. now owns 559,994 shares of the company’s stock worth $31,203,000 after acquiring an additional 393,881 shares in the last quarter. Veritas Asset Management LLP boosted its holdings in shares of Yum China by 30.1% in the 4th quarter. Veritas Asset Management LLP now owns 2,199,338 shares of the company’s stock worth $93,318,000 after acquiring an additional 509,338 shares in the last quarter. Dodge & Cox boosted its holdings in shares of Yum China by 23,769.2% in the 4th 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 in the last quarter. Finally, Nomura Holdings Inc. boosted its holdings in shares of Yum China by 240.0% in the 4th quarter. Nomura Holdings Inc. now owns 72,192 shares of the company’s stock worth $3,063,000 after acquiring an additional 50,957 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, HSBC reduced their target price on Yum China from $66.80 to $51.30 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.65.

Yum China Stock Performance

YUMC stock opened at $32.25 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.24. The company has a 50 day moving average price of $36.55 and a 200 day moving average price of $38.61. Yum China Holdings, Inc. has a fifty-two week low of $31.95 and a fifty-two week high of $61.99. The stock has a market capitalization of $12.57 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.53 and a beta of 0.39.

Yum China (NYSE:YUMC) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. Yum China had a net margin of 7.49% and a return on equity of 11.90%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the company posted $0.69 EPS. Yum China’s revenue was up 1.4% on a year-over-year basis. Analysts forecast that Yum China Holdings, Inc. will post 2.18 EPS for the current year.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, May 28th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, May 24th. Yum China’s dividend payout ratio (DPR) is presently 32.16%.

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.