SouthState Corp Acquires 639 Shares of Yum China (NYSE:YUMC)

SouthState Corp boosted its holdings in Yum China (NYSE:YUMC) by 4,915.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 652 shares of the company’s stock after purchasing an additional 639 shares during the period. SouthState Corp’s holdings in Yum China were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in YUMC. Envestnet Asset Management Inc. grew its position in Yum China by 2.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 324,977 shares of the company’s stock valued at $15,654,000 after purchasing an additional 8,542 shares in the last quarter. Townsquare Capital LLC grew its position in Yum China by 28.5% in the fourth quarter. Townsquare Capital LLC now owns 23,176 shares of the company’s stock valued at $1,116,000 after purchasing an additional 5,136 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in Yum China in the fourth quarter valued at $329,000. Mariner LLC grew its position in Yum China by 3.6% in the fourth quarter. Mariner LLC now owns 24,859 shares of the company’s stock valued at $1,197,000 after purchasing an additional 874 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Yum China in the fourth quarter valued at $746,000. Institutional investors own 85.58% of the company’s stock.

Yum China Stock Performance

NYSE YUMC opened at $45.55 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $45.65 and its two-hundred day moving average price is $46.50. Yum China has a 1 year low of $32.85 and a 1 year high of $53.99. The firm has a market capitalization of $16.80 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 1.69 and a beta of 0.27.

Yum China (NYSE:YUMC) last posted its quarterly earnings results 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. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts anticipate that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 2nd. Yum China’s dividend payout ratio is 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.