Yum China $YUMC Shares Bought by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Yum China by 9.0%, owning over 2 million shares valued at around $108 million, highlighting institutional interest in the company.
• Yum China's stock has seen a 1.7% increase, with the current trading price at approximately $45.87 and a market cap of $16.91 billion.
• The company announced a quarterly dividend of $0.24 per share, translating to an annual yield of 2.1%, reinforcing its commitment to returning value to shareholders.

Northern Trust Corp increased its holdings in Yum China (NYSE:YUMC - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,076,822 shares of the company's stock after acquiring an additional 171,643 shares during the quarter. Northern Trust Corp owned approximately 0.55% of Yum China worth $108,119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. GeoWealth Management LLC boosted its stake in shares of Yum China by 689.6% during the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after buying an additional 462 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Yum China during the first quarter worth approximately $29,000. SouthState Corp grew its position in shares of Yum China by 4,915.4% during the first quarter. SouthState Corp now owns 652 shares of the company's stock worth $34,000 after buying an additional 639 shares in the last quarter. CX Institutional acquired a new stake in shares of Yum China during the first quarter worth approximately $37,000. Finally, Goodman Advisory Group LLC acquired a new stake in shares of Yum China during the first quarter worth approximately $41,000. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Yum China Stock Down 4.1%

Shares of YUMC stock traded down $1.92 during trading hours on Wednesday, hitting $44.56. 1,546,575 shares of the company were exchanged, compared to its average volume of 2,572,483. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.77 and a beta of 0.27. Yum China has a one year low of $32.85 and a one year high of $53.99. The business's 50-day simple moving average is $45.90 and its two-hundred day simple moving average is $46.43. 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 announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm 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%.Yum China's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Sell-side analysts predict that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. Yum China's payout ratio is currently 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.