Salem Investment Counselors Inc. Lowers Holdings in Yum China $YUMC

Salem Investment Counselors Inc. lowered its holdings in shares of Yum China (NYSE:YUMC) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,801 shares of the company’s stock after selling 743 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Yum China were worth $572,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hughes Financial Services LLC purchased a new position in Yum China during the first quarter worth approximately $29,000. SouthState Corp boosted its position in 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 purchasing an additional 639 shares in the last quarter. CX Institutional purchased a new position in Yum China during the first quarter worth approximately $37,000. Goodman Advisory Group LLC purchased a new position in Yum China during the first quarter worth approximately $41,000. Finally, Cheviot Value Management LLC purchased a new position in Yum China during the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Yum China Stock Performance

Shares of YUMC stock opened at $43.93 on Monday. The company has a market capitalization of $16.20 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.66 and a beta of 0.22. The business’s 50 day moving average is $45.90 and its two-hundred day moving average is $46.08. 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 12-month low of $34.14 and a 12-month high of $53.99.

Yum China (NYSE:YUMC) last announced its earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. Analysts expect that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

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