Bayforest Capital Ltd Takes $500,000 Position in Yum China $YUMC

Key Points

• Bayforest Capital Ltd has acquired a new position in Yum China, purchasing 11,185 shares valued at approximately $500,000 during the second quarter.
• Yum China reported earnings per share (EPS) of $0.58 for the last quarter, surpassing the consensus estimate of $0.57, with a revenue of $2.79 billion.
• The company recently announced a quarterly dividend of $0.24 per share, resulting in an annualized yield of 2.2%.

Bayforest Capital Ltd bought a new position in shares of Yum China (NYSE:YUMC - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,185 shares of the company's stock, valued at approximately $500,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Yum China by 399.1% in the 1st quarter. Farther Finance Advisors LLC now owns 3,314 shares of the company's stock worth $175,000 after purchasing an additional 2,650 shares during the last quarter. CX Institutional acquired a new position in Yum China in the first quarter worth approximately $37,000. Fifth Third Bancorp increased its holdings in shares of Yum China by 78.1% in the first quarter. Fifth Third Bancorp now owns 15,524 shares of the company's stock valued at $808,000 after buying an additional 6,806 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Yum China by 3.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 29,501 shares of the company's stock valued at $1,536,000 after acquiring an additional 852 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new stake in shares of Yum China during the 1st quarter worth $253,000. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Trading Down 0.1%

Yum China stock opened at $43.11 on Wednesday. Yum China has a 52 week low of $41.00 and a 52 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. The firm has a market capitalization of $15.68 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.62 and a beta of 0.18. The company has a 50 day moving average price of $44.11 and a 200 day moving average price of $44.92.

Yum China (NYSE:YUMC - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.55 EPS. Research analysts forecast that Yum China will post 2.54 EPS for the current year.

Yum China Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum China's payout ratio is 39.67%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 stock. According to data from MarketBeat, Yum China has an average rating of "Buy" and an average 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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