Yum China $YUMC Shares Sold by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio decreased its stake in Yum China by 64.6% in the second quarter, owning 175,673 shares worth approximately $7.86 million after selling 320,589 shares.
• Yum China recently reported a quarterly earnings per share (EPS) of $0.58, exceeding estimates and showing a 4.0% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.24 per share, resulting in a 2.2% yield and a payout ratio of 39.67%.

Public Employees Retirement System of Ohio lowered its stake in Yum China (NYSE:YUMC - Free Report) by 64.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,673 shares of the company's stock after selling 320,589 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Yum China were worth $7,856,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in Yum China in the first quarter worth about $29,000. SouthState Corp raised its position in Yum China by 4,915.4% in the first quarter. SouthState Corp now owns 652 shares of the company's stock worth $34,000 after acquiring an additional 639 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Yum China in the second quarter worth about $36,000. CX Institutional bought a new stake in Yum China in the first quarter worth about $37,000. Finally, Goodman Advisory Group LLC bought a new stake in Yum China in the first quarter worth about $41,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Price Performance

Shares of Yum China stock opened at $43.27 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01. The company's 50-day moving average price is $45.13 and its two-hundred day moving average price is $45.70. Yum China has a 52 week low of $41.00 and a 52 week high of $53.99. The stock 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.

Yum China (NYSE:YUMC - Get Free Report) last posted 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. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. As a group, sell-side analysts anticipate that Yum China will post 2.54 EPS 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 issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, September 2nd. Yum China's payout ratio is presently 39.67%.

Yum China 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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