Sumitomo Mitsui Trust Group Inc. Sells 26,937 Shares of Yum China $YUMC

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Yum China (NYSE:YUMC) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 840,889 shares of the company’s stock after selling 26,937 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Yum China worth $37,596,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new stake in Yum China during the 1st quarter worth approximately $29,000. SouthState Corp grew its holdings 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 acquiring an additional 639 shares during the last quarter. Cheviot Value Management LLC bought a new stake in Yum China during the 1st quarter worth approximately $42,000. Marshall & Sullivan Inc. WA bought a new stake in Yum China during the 2nd quarter worth approximately $36,000. Finally, Hollencrest Capital Management boosted its stake in shares of Yum China by 121.4% in the 1st quarter. Hollencrest Capital Management now owns 912 shares of the company’s stock valued at $47,000 after purchasing an additional 500 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

Yum China Trading Down 2.0%

YUMC stock opened at $43.54 on Wednesday. The company has a market capitalization of $15.84 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.65 and a beta of 0.18. Yum China has a one year low of $41.00 and a one year high of $53.99. The company’s 50 day moving average price is $44.03 and its two-hundred day moving average price is $44.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39.

Yum China (NYSE:YUMC) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.80 billion. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. As a group, analysts predict that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yum China in a research note on Wednesday, October 8th. One investment 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. According to data from MarketBeat.com, Yum China currently has an average rating of “Buy” and an average 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.