VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Stake in Yum China $YUMC

Key Points

• Virginia Retirement Systems acquired a new stake in Yum China, purchasing 18,000 shares valued at approximately $805,000 during the second quarter.
• Yum China recently announced a dividend of $0.24 per share, with an annualized dividend yield of 2.1%.
• The company's stock currently has an average rating of Buy from analysts, with a target price of $60.00.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Yum China (NYSE:YUMC - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 18,000 shares of the company's stock, valued at approximately $805,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of YUMC. Hughes Financial Services LLC acquired a new position in Yum China in the 1st quarter valued at $29,000. SouthState Corp grew its position in Yum China by 4,915.4% in the 1st 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. Marshall & Sullivan Inc. WA acquired a new stake in Yum China in the 2nd quarter worth $36,000. Goodman Advisory Group LLC acquired a new stake in Yum China in the 1st quarter worth $41,000. Finally, Cheviot Value Management LLC acquired a new stake in Yum China in the 1st quarter worth $42,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Price Performance

Shares of Yum China stock opened at $45.52 on Friday. 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's 50-day simple moving average is $44.05 and its 200-day simple moving average is $44.65. Yum China has a twelve month low of $41.00 and a twelve month high of $53.99. The firm has a market cap of $16.56 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 1.67 and a beta of 0.18.

Yum China (NYSE:YUMC - Get Free Report) last issued 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. 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 for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the business earned $0.55 EPS. The firm's revenue was up 4.0% on a year-over-year basis. As a group, research analysts expect that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 2nd. Yum China's payout ratio is 39.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Yum China in a research report 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, the company presently has an average rating of "Buy" and an average target price of $60.00.

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.

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