Earnest Partners LLC Invests $65.65 Million in Yum China Holdings, Inc. (NYSE:YUMC)

Earnest Partners LLC acquired a new stake in shares of Yum China Holdings, Inc. (NYSE:YUMC) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,666,279 shares of the company’s stock, valued at approximately $65,645,000. Earnest Partners LLC owned 0.43% of Yum China at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tremblant Capital Group increased its position in shares of Yum China by 12.6% during the first quarter. Tremblant Capital Group now owns 602,618 shares of the company’s stock valued at $23,978,000 after purchasing an additional 67,588 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd increased its position in shares of Yum China by 38.4% during the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 12,223,942 shares of the company’s stock valued at $486,391,000 after purchasing an additional 3,389,987 shares during the period. Bank of Nova Scotia Trust Co. bought a new stake in shares of Yum China during the first quarter valued at approximately $201,000. LRI Investments LLC bought a new stake in shares of Yum China during the first quarter valued at approximately $36,000. Finally, Quadrature Capital Ltd grew its position in Yum China by 305.9% in the first quarter. Quadrature Capital Ltd now owns 53,804 shares of the company’s stock valued at $2,141,000 after acquiring an additional 40,549 shares during the period. 85.58% of the stock is currently owned by institutional investors.

Yum China Price Performance

NYSE:YUMC traded up $0.09 during trading hours on Monday, reaching $30.11. The company had a trading volume of 1,940,876 shares, compared to its average volume of 3,111,652. The stock has a 50-day moving average of $32.97 and a two-hundred day moving average of $36.83. Yum China Holdings, Inc. has a one year low of $29.02 and a one year high of $61.99. The firm has a market capitalization of $11.73 billion, a PE ratio of 15.08, a PEG ratio of 1.27 and a beta of 0.33. The company has a quick ratio of 1.24, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Yum China had a return on equity of 11.90% and a net margin of 7.49%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. Analysts forecast that Yum China Holdings, Inc. will post 2.16 earnings per share for the current year.

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.