Nordea Investment Management AB Buys 15,896 Shares of Yum China $YUMC

Key Points

• Nordea Investment Management AB increased its stake in Yum China by 1.6%, acquiring an additional 15,896 shares, bringing its total ownership to 1,026,244 shares valued at approximately $45.74 million.
• Yum China has reported earnings of $0.58 per share for the latest quarter, slightly surpassing estimates, with a revenue of $2.79 billion, marking a 4% increase compared to the previous year.
• The company declared a quarterly dividend of $0.24 per share, translating to an annualized dividend yield of 2.2%, while maintaining a payout ratio of 39.67%.

Nordea Investment Management AB grew its stake in Yum China (NYSE:YUMC - Free Report) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,026,244 shares of the company's stock after acquiring an additional 15,896 shares during the period. Nordea Investment Management AB owned 0.28% of Yum China worth $45,740,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Hughes Financial Services LLC acquired a new stake in Yum China in the 1st quarter valued at about $29,000. SouthState Corp lifted its stake in Yum China by 4,915.4% in the 1st quarter. SouthState Corp now owns 652 shares of the company's stock valued at $34,000 after purchasing an additional 639 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in Yum China in the 2nd quarter valued at about $36,000. Goodman Advisory Group LLC acquired a new stake in Yum China in the 1st quarter valued at about $41,000. Finally, Cheviot Value Management LLC acquired a new stake in Yum China in the 1st quarter valued at about $42,000. Institutional investors own 85.58% of the company's stock.

Yum China Trading Up 1.1%

Shares of YUMC stock opened at $43.77 on Friday. The firm has a 50 day moving average price of $44.03 and a two-hundred day moving average price of $44.73. 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 company has a market capitalization of $15.92 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.63 and a beta of 0.18. Yum China has a 12-month low of $41.00 and a 12-month high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly earnings data 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. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the business posted $0.55 earnings per share. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts predict that Yum China will post 2.54 earnings per share for the current year.

Yum China Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Yum China in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus 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.

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.