KLP Kapitalforvaltning AS Has $5.39 Million Holdings in Yum China $YUMC

KLP Kapitalforvaltning AS lessened its holdings in shares of Yum China (NYSE:YUMC) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 120,500 shares of the company’s stock after selling 1,800 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Yum China were worth $5,388,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new stake in Yum China during the 1st quarter worth $29,000. SouthState Corp raised its stake in Yum China by 4,915.4% during the 1st quarter. SouthState Corp now owns 652 shares of the company’s stock worth $34,000 after buying an additional 639 shares during the period. CX Institutional acquired a new stake in Yum China during the 1st quarter worth $37,000. Goodman Advisory Group LLC acquired a new stake in Yum China during the 1st quarter worth $41,000. Finally, Cheviot Value Management LLC bought a new position in Yum China during the 1st quarter worth about $42,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Yum China in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $60.00.

Yum China Price Performance

YUMC stock opened at $42.68 on Friday. The stock has a 50-day moving average price of $44.19 and a two-hundred day moving average price of $45.10. The stock has a market cap of $15.53 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.59 and a beta of 0.18. 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 1 year low of $41.00 and a 1 year high of $53.99.

Yum China (NYSE:YUMC) last released its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $2.79 billion during 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%.The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. Equities analysts forecast that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd were issued a $0.24 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Yum China’s dividend payout ratio (DPR) is presently 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.