Y Intercept Hong Kong Ltd Acquires New Stake in Yum China $YUMC

Y Intercept Hong Kong Ltd acquired a new stake in shares of 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 (SEC). The firm acquired 83,857 shares of the company’s stock, valued at approximately $3,749,000.

Several other large investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Yum China by 29.7% during the first quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company’s stock valued at $1,248,709,000 after buying an additional 5,485,735 shares during the period. Vanguard Group Inc. lifted its stake in Yum China by 1.3% during the first quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company’s stock worth $796,723,000 after purchasing an additional 200,938 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Yum China by 35.6% during the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company’s stock worth $734,150,000 after purchasing an additional 3,704,756 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Yum China by 1.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,185,305 shares of the company’s stock worth $217,887,000 after purchasing an additional 56,288 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Yum China by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 3,836,703 shares of the company’s stock worth $199,739,000 after purchasing an additional 109,154 shares during the last quarter. Institutional investors own 85.58% of the company’s stock.

Yum China Trading Up 0.4%

Shares of YUMC stock opened at $43.80 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $44.01 and a two-hundred day moving average price of $44.63. Yum China has a 12-month low of $41.00 and a 12-month high of $53.99. The firm has a market cap of $15.94 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 1.62 and a beta of 0.18.

Yum China (NYSE:YUMC) last released its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the company posted $0.55 EPS. Yum China’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts anticipate that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum China’s payout ratio is 39.67%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, Yum China has a consensus rating of “Buy” and a consensus 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.