Headwater Capital Co Ltd Acquires New Holdings in Yum China $YUMC

Headwater Capital Co Ltd purchased a new position in shares of Yum China (NYSE:YUMC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 219,550 shares of the company’s stock, valued at approximately $9,816,000. Yum China accounts for about 3.4% of Headwater Capital Co Ltd’s portfolio, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of YUMC. SouthState Corp lifted its holdings in Yum China by 4,915.4% in the first quarter. SouthState Corp now owns 652 shares of the company’s stock worth $34,000 after purchasing an additional 639 shares during the period. Bell Investment Advisors Inc raised its position in shares of Yum China by 95.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 665 shares of the company’s stock worth $30,000 after buying an additional 325 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in shares of Yum China in the 1st quarter worth approximately $42,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Yum China during the second quarter valued at approximately $36,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Yum China during the second quarter worth approximately $45,000. 85.58% of the stock is currently owned by institutional investors.

Yum China Stock Up 0.4%

Shares of Yum China stock opened at $47.72 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. Yum China has a 12-month low of $41.00 and a 12-month high of $53.99. The firm has a market capitalization of $17.25 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.63 and a beta of 0.18. The stock’s fifty day moving average is $44.09 and its 200-day moving average is $44.72.

Yum China (NYSE:YUMC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the business posted $0.77 EPS. Yum China’s revenue was up 4.4% on a year-over-year basis. Equities analysts anticipate that Yum China will post 2.54 earnings per share for the current year.

Yum China Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.0%. Yum China’s payout ratio is currently 39.83%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Yum China in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

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.