Maridea Wealth Management LLC Acquires Shares of 10,756 Yum China $YUMC

Key Points

• Maridea Wealth Management LLC acquired 10,756 shares of Yum China, valued at approximately $481,000, in the 2nd quarter.
• Yum China recently reported a quarterly earnings of $0.58 per share, slightly surpassing expectations, with a revenue of $2.79 billion.
• The company announced a quarterly dividend of $0.24 per share, translating to an annualized yield of 2.2%.

Maridea Wealth Management LLC bought a new position in Yum China (NYSE:YUMC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,756 shares of the company's stock, valued at approximately $481,000.

Several other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Yum China by 6,304.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company's stock valued at $600,045,000 after acquiring an additional 11,346,069 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Yum China by 29.7% during the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock valued at $1,248,709,000 after purchasing an additional 5,485,735 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Yum China by 35.6% in the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock valued at $734,150,000 after purchasing an additional 3,704,756 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of Yum China by 416.7% in the first quarter. Vontobel Holding Ltd. now owns 1,435,098 shares of the company's stock worth $74,711,000 after buying an additional 1,157,340 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Yum China during the first quarter valued at $40,023,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Yum China Stock Down 0.5%

NYSE:YUMC opened at $42.88 on Friday. The business's fifty day moving average price is $45.21 and its 200 day moving average price is $45.76. The firm has a market capitalization of $15.81 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.63 and a beta of 0.22. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01. Yum China has a 1-year low of $41.00 and a 1-year high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share 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 analysts' expectations of $2.80 billion. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, September 2nd. Yum China's dividend payout ratio is currently 39.67%.

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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