Yum China $YUMC Shares Acquired by DNB Asset Management AS

DNB Asset Management AS increased its position in Yum China (NYSE:YUMC) by 10.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,577 shares of the company’s stock after purchasing an additional 2,947 shares during the quarter. DNB Asset Management AS’s holdings in Yum China were worth $1,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SouthState Corp lifted its holdings in Yum China by 4,915.4% in the 1st quarter. SouthState Corp now owns 652 shares of the company’s stock worth $34,000 after buying an additional 639 shares in the last quarter. Bell Investment Advisors Inc boosted its holdings in Yum China by 95.6% in the second quarter. Bell Investment Advisors Inc now owns 665 shares of the company’s stock valued at $30,000 after purchasing an additional 325 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in Yum China during the 1st quarter valued at approximately $42,000. Marshall & Sullivan Inc. WA purchased a new stake in Yum China during the 2nd quarter worth approximately $36,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Yum China in the 2nd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Yum China Stock Up 0.9%

Shares of NYSE:YUMC opened at $48.00 on Wednesday. The company’s fifty day moving average is $44.37 and its two-hundred day moving average is $44.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39. Yum China has a 1-year low of $41.00 and a 1-year high of $53.99. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.63 and a beta of 0.18.

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

Yum China Dividend Announcement

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

Insider Buying and Selling

In related news, insider Warton Wang sold 8,187 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $48.28, for a total transaction of $395,268.36. Following the completion of the transaction, the insider owned 46,847 shares in the company, valued at $2,261,773.16. The trade was a 14.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Duoduo (Howard) Huang sold 4,888 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $48.10, for a total value of $235,112.80. Following the transaction, the insider owned 22,510 shares of the company’s stock, valued at approximately $1,082,731. The trade was a 17.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 18,242 shares of company stock valued at $878,397. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a research report on Wednesday, October 8th. CLSA reissued an “outperform” rating and set a $55.00 price objective on shares of Yum China in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Yum China has a consensus rating of “Buy” and a consensus target price of $55.00.

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.