Fifth Third Bancorp Buys 7,601 Shares of Yum China $YUMC

Key Points

• Fifth Third Bancorp increased its stake in Yum China by 49%, acquiring an additional 7,601 shares, bringing its total holdings to 23,125 shares worth approximately $1,034,000.
• Yum China reported a quarterly EPS of $0.58, surpassing estimates, with a net margin of 8.04% and a revenue of $2.79 billion during the quarter.
• The company recently declared a quarterly dividend of $0.24 per share, resulting in an annualized yield of 2.2% and a payout ratio of 39.67%.

Fifth Third Bancorp raised its stake in Yum China (NYSE:YUMC - Free Report) by 49.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,125 shares of the company's stock after acquiring an additional 7,601 shares during the period. Fifth Third Bancorp's holdings in Yum China were worth $1,034,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Hughes Financial Services LLC bought a new stake in shares of Yum China in the first quarter worth about $29,000. SouthState Corp grew its holdings in Yum China by 4,915.4% during the 1st quarter. SouthState Corp now owns 652 shares of the company's stock valued at $34,000 after buying an additional 639 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Yum China in the 2nd quarter worth approximately $36,000. CX Institutional purchased a new stake in shares of Yum China during the 1st quarter worth approximately $37,000. Finally, Goodman Advisory Group LLC bought a new position in shares of Yum China during the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 85.58% of the company's stock.

Yum China Trading Up 0.9%

YUMC stock opened at $43.27 on Monday. The firm has a fifty day moving average price of $45.13 and a 200 day moving average price of $45.67. Yum China has a fifty-two week low of $41.00 and a fifty-two week high of $53.99. The firm has a market cap of $15.96 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.63 and a beta of 0.22. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the business earned $0.55 earnings per share. Yum China's quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.