KLP Kapitalforvaltning AS Sells 1,800 Shares of Yum China $YUMC

KLP Kapitalforvaltning AS cut its holdings in shares of Yum China (NYSE:YUMC) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,500 shares of the company’s stock after selling 1,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Yum China were worth $5,388,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SteelPeak Wealth LLC acquired a new position in Yum China during the 2nd quarter worth $2,435,000. OLD National Bancorp IN acquired a new position in Yum China during the 2nd quarter worth $249,000. Stock Yards Bank & Trust Co. lifted its holdings in Yum China by 3.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 8,937 shares of the company’s stock worth $400,000 after buying an additional 309 shares in the last quarter. Ascent Group LLC lifted its holdings in Yum China by 26.6% during the 2nd quarter. Ascent Group LLC now owns 6,200 shares of the company’s stock worth $277,000 after buying an additional 1,301 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in Yum China during the 2nd quarter worth $96,000. 85.58% of the stock is currently owned by institutional investors.

Yum China Stock Performance

YUMC stock opened at $42.68 on Friday. The business’s fifty day moving average is $44.19 and its 200-day moving average is $45.10. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The company has a market cap of $15.53 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.59 and a beta of 0.18. Yum China has a twelve month low of $41.00 and a twelve month high of $53.99.

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

Yum China Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd were paid a $0.24 dividend. The ex-dividend date of this dividend was 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 39.67%.

Analyst Ratings Changes

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

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.