Magellan Asset Management Ltd Takes Position in Yum China $YUMC

Magellan Asset Management Ltd acquired a new position in Yum China (NYSE:YUMC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 413,378 shares of the company’s stock, valued at approximately $18,482,000. Magellan Asset Management Ltd owned about 0.11% of Yum China as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of YUMC. Hughes Financial Services LLC bought a new position in Yum China in the 1st quarter worth about $29,000. SouthState Corp boosted its position in shares of Yum China by 4,915.4% in the first quarter. SouthState Corp now owns 652 shares of the company’s stock valued at $34,000 after acquiring an additional 639 shares during the period. Cheviot Value Management LLC bought a new position in shares of Yum China in the first quarter valued at approximately $42,000. Marshall & Sullivan Inc. WA purchased a new position in Yum China during the second quarter valued at approximately $36,000. Finally, Hollencrest Capital Management increased its holdings in Yum China by 121.4% during the 1st quarter. Hollencrest Capital Management now owns 912 shares of the company’s stock worth $47,000 after acquiring an additional 500 shares during the period. Institutional investors own 85.58% of the company’s stock.

Yum China Stock Performance

Shares of YUMC stock opened at $43.54 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. The business has a fifty day moving average of $43.77 and a 200 day moving average of $44.66. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.63 and a beta of 0.18. Yum China has a 1 year low of $41.00 and a 1 year high of $53.99.

Yum China (NYSE:YUMC) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the business posted $0.77 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Yum China will post 2.54 earnings per share for the current year.

Yum China Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 2nd. Yum China’s payout ratio is presently 39.83%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Yum China currently has an average rating of “Buy”.

About Yum China

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.