54,462 Shares in Yum China $YUMC Purchased by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC acquired 54,462 shares of Yum China, valued at approximately $2.4 million, during the second quarter, indicating growing institutional interest in the company.
• Yum China reported earnings per share of $0.58 for the last quarter, slightly exceeding analysts' expectations of $0.57, but its revenue of $2.79 billion was just below the anticipated $2.80 billion.
• The company declared a quarterly dividend of $0.24, which results in an annualized yield of 2.3% with a dividend payout ratio of 39.67%.

SteelPeak Wealth LLC purchased a new stake in Yum China (NYSE:YUMC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 54,462 shares of the company's stock, valued at approximately $2,435,000.

Several other large investors also recently made changes to their positions in YUMC. GAMMA Investing LLC increased its stake in shares of Yum China by 4,967.3% in the first quarter. GAMMA Investing LLC now owns 98,914 shares of the company's stock valued at $5,149,000 after purchasing an additional 96,962 shares during the period. Merit Financial Group LLC increased its stake in shares of Yum China by 4.9% in the first quarter. Merit Financial Group LLC now owns 7,006 shares of the company's stock valued at $365,000 after purchasing an additional 330 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Yum China by 11.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 8,532 shares of the company's stock valued at $444,000 after purchasing an additional 855 shares during the period. Wesbanco Bank Inc. acquired a new stake in shares of Yum China in the first quarter valued at approximately $203,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Yum China by 399.1% in the first quarter. Farther Finance Advisors LLC now owns 3,314 shares of the company's stock valued at $175,000 after purchasing an additional 2,650 shares during the period. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Trading Down 1.5%

Shares of NYSE:YUMC opened at $42.53 on Wednesday. The stock has a market capitalization of $15.48 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.62 and a beta of 0.18. Yum China has a 1-year low of $41.00 and a 1-year 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. The company has a 50 day moving average price of $44.44 and a 200 day moving average price of $45.24.

Yum China (NYSE:YUMC - Get Free Report) last issued 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. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The firm had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period last year, the firm posted $0.55 earnings per share. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, research analysts anticipate that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.3%. Yum China's dividend payout ratio (DPR) is currently 39.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Yum China in a research note on Saturday, September 27th. One investment 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. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price 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.

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