Banque Pictet & Cie SA Acquires 7,150 Shares of Yum China $YUMC

Key Points

• Banque Pictet & Cie SA increased its holdings in Yum China by 17.7%, acquiring an additional 7,150 shares, bringing its total to 47,500 shares valued at approximately $2.1 million.
• Yum China reported $0.58 earnings per share for the last quarter, surpassing estimates, and has a projected EPS of 2.54 for the current fiscal year.
• The company recently announced a quarterly dividend of $0.24 per share, with an annualized dividend yield of 2.2% and a payout ratio of 39.67%.

Banque Pictet & Cie SA grew its position in shares of Yum China (NYSE:YUMC - Free Report) by 17.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,500 shares of the company's stock after purchasing an additional 7,150 shares during the period. Banque Pictet & Cie SA's holdings in Yum China were worth $2,116,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new stake in Yum China during the first quarter worth about $29,000. SouthState Corp lifted its stake in Yum China by 4,915.4% during the first quarter. SouthState Corp now owns 652 shares of the company's stock worth $34,000 after purchasing an additional 639 shares during the last quarter. CX Institutional bought a new stake in Yum China during the first quarter worth about $37,000. Goodman Advisory Group LLC bought a new stake in Yum China during the first quarter worth about $41,000. Finally, Cheviot Value Management LLC bought a new stake in Yum China during the first quarter worth about $42,000. Institutional investors own 85.58% of the company's stock.

Yum China Trading Up 0.9%

Shares of YUMC stock opened at $43.27 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $45.13 and a two-hundred day moving average price of $45.72. Yum China has a 12-month low of $41.00 and a 12-month high of $53.99. The firm has a market cap of $15.96 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.62 and a beta of 0.22.

Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.80 billion. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The company's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. Equities analysts anticipate that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd were issued a $0.24 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Yum China's payout ratio is currently 39.67%.

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.

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