MQS Management LLC Invests $206,000 in Yum China $YUMC

MQS Management LLC bought a new position in shares of Yum China (NYSE:YUMC) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 4,600 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently added to or reduced their stakes in YUMC. Hughes Financial Services LLC bought a new position in Yum China during the 1st quarter worth $29,000. SouthState Corp increased its stake in Yum China by 4,915.4% during the 1st quarter. SouthState Corp now owns 652 shares of the company’s stock worth $34,000 after acquiring an additional 639 shares during the period. Marshall & Sullivan Inc. WA bought a new position in Yum China during the 2nd quarter worth $36,000. Cheviot Value Management LLC bought a new position in Yum China during the 1st quarter worth $42,000. Finally, Hollencrest Capital Management increased its stake 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 Trading Down 2.0%

Shares of YUMC opened at $43.54 on Wednesday. Yum China has a 52-week low of $41.00 and a 52-week high of $53.99. The business’s fifty day moving average is $44.03 and its 200-day moving average is $44.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.65 and a beta of 0.18.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the company posted $0.55 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts anticipate that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Yum China’s dividend payout ratio (DPR) is 39.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Yum China in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $60.00.

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.