Allianz Asset Management GmbH Buys 9,880 Shares of Yum China $YUMC

Key Points

• Allianz Asset Management GmbH increased its stake in Yum China by 11.5%, acquiring an additional 9,880 shares, bringing its total holdings to 96,124 shares valued at approximately $4.3 million.
• Yum China recently declared a quarterly dividend of $0.24 per share, which results in an annualized payout of $0.96 and a dividend yield of 2.1%.
• The company's stock price has shown resilience, currently valued at $45.52, with a 52-week high of $53.99 and a low of $41.00.

Allianz Asset Management GmbH increased its stake in Yum China (NYSE:YUMC - Free Report) by 11.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,124 shares of the company's stock after acquiring an additional 9,880 shares during the period. Allianz Asset Management GmbH's holdings in Yum China were worth $4,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Yum China by 26.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,052 shares of the company's stock valued at $47,000 after purchasing an additional 222 shares during the period. Okabena Investment Services Inc. increased its holdings in Yum China by 0.5% during the 1st quarter. Okabena Investment Services Inc. now owns 50,003 shares of the company's stock valued at $2,603,000 after purchasing an additional 226 shares during the period. Concurrent Investment Advisors LLC increased its holdings in Yum China by 4.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,106 shares of the company's stock valued at $228,000 after purchasing an additional 230 shares during the period. Focus Partners Advisor Solutions LLC increased its holdings in Yum China by 5.0% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 5,555 shares of the company's stock valued at $289,000 after purchasing an additional 263 shares during the period. Finally, ST Germain D J Co. Inc. increased its holdings in Yum China by 12.3% during the 2nd quarter. ST Germain D J Co. Inc. now owns 2,555 shares of the company's stock valued at $114,000 after purchasing an additional 280 shares during the period. Institutional investors own 85.58% of the company's stock.

Yum China Stock Up 1.1%

YUMC stock opened at $45.52 on Friday. Yum China has a fifty-two week low of $41.00 and a fifty-two week high of $53.99. The business's 50 day moving average price is $44.05 and its two-hundred day moving average price is $44.65. 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 market capitalization of $16.56 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.67 and a beta of 0.18.

Yum China (NYSE:YUMC - Get Free Report) 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. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The business's revenue for the quarter was up 4.0% on a year-over-year basis. As a group, analysts forecast that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The business also recently declared 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 was Tuesday, September 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. Yum China's dividend payout ratio is presently 39.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Yum China in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $60.00.

Yum China Company 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.

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