Geode Capital Management LLC Has $96.45 Million Holdings in Yum China $YUMC

Geode Capital Management LLC lowered its stake in Yum China (NYSE:YUMC) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,182,529 shares of the company’s stock after selling 17,338 shares during the period. Geode Capital Management LLC’s holdings in Yum China were worth $96,449,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. SouthState Corp lifted its stake in shares of Yum China by 4,915.4% during 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 1st quarter valued at about $42,000. Marshall & Sullivan Inc. WA bought a new position in shares of Yum China in the 2nd quarter valued at about $36,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Yum China during the 2nd quarter worth approximately $45,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Yum China by 26.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,052 shares of the company’s stock worth $47,000 after buying an additional 222 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Yum China Price Performance

Yum China stock opened at $48.00 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $17.35 billion, a P/E ratio of 19.83, a PEG ratio of 1.63 and a beta of 0.18. The business has a 50-day moving average of $44.22 and a 200-day moving average of $44.77. Yum China has a 1 year low of $41.00 and a 1 year high of $53.99.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.76 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm earned $0.77 EPS. Yum China’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.0%. Yum China’s payout ratio is 39.83%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yum China in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Insider Activity at Yum China

In related news, insider Jeff Kuai sold 5,167 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $48.00, for a total value of $248,016.00. Following the completion of the sale, the insider owned 56,602 shares in the company, valued at $2,716,896. This represents a 8.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.

Yum China 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.