Matthews International Capital Management LLC Sells 146,876 Shares of Yum China $YUMC

Matthews International Capital Management LLC lowered its position in shares of Yum China (NYSE:YUMC) by 31.2% in the 2nd quarter, Holdings Channel reports. The fund owned 323,966 shares of the company’s stock after selling 146,876 shares during the period. Yum China comprises 3.3% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Matthews International Capital Management LLC’s holdings in Yum China were worth $14,485,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of YUMC. Hughes Financial Services LLC bought a new position in shares of Yum China during the first quarter worth about $29,000. SouthState Corp grew its position in Yum China by 4,915.4% in the 1st quarter. SouthState Corp now owns 652 shares of the company’s stock valued at $34,000 after buying an additional 639 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in Yum China in the 2nd quarter valued at about $36,000. CX Institutional bought a new position in Yum China in the 1st quarter valued at about $37,000. Finally, Goodman Advisory Group LLC bought a new position in Yum China in the 1st quarter valued at about $41,000. Institutional investors own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Yum China in a research report on Saturday, September 27th. One 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 stock. According to data from MarketBeat, Yum China has an average rating of “Buy” and a consensus target price of $60.00.

Yum China Stock Performance

NYSE:YUMC opened at $42.32 on Friday. Yum China has a twelve month low of $41.00 and a twelve month high of $53.99. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $44.59 and a 200-day moving average of $45.43. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.60 and a beta of 0.18.

Yum China (NYSE:YUMC) last posted its quarterly earnings data 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 net margin of 8.04% and a return on equity of 14.13%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts forecast that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. Yum China’s dividend payout ratio (DPR) 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.