Nordea Investment Management AB Has $45.74 Million Stake in Yum China $YUMC

Nordea Investment Management AB increased its holdings in Yum China (NYSE:YUMC) by 1.6% in the second quarter, Holdings Channel reports. The institutional investor owned 1,026,244 shares of the company’s stock after buying an additional 15,896 shares during the period. Nordea Investment Management AB’s holdings in Yum China were worth $45,740,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new position in Yum China during the first quarter valued at approximately $29,000. SouthState Corp raised its position in 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 purchasing an additional 639 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in Yum China during the first quarter valued at approximately $41,000. Cheviot Value Management LLC acquired a new position in Yum China during the first quarter valued at approximately $42,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in Yum China during the second quarter valued at approximately $36,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Stock Performance

NYSE YUMC opened at $43.77 on Friday. The firm’s fifty day moving average price is $44.03 and its two-hundred day moving average price is $44.73. The stock has a market cap of $15.92 billion, a PE ratio of 18.08, a PEG ratio of 1.63 and a beta of 0.18. Yum China has a fifty-two week low of $41.00 and a fifty-two week high of $53.99. 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 (NYSE:YUMC) last posted its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, equities analysts expect that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd were paid a $0.24 dividend. 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 payout ratio is currently 39.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Yum China in a research report on Wednesday, October 8th. 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. According to MarketBeat, the stock presently 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.