OLD National Bancorp IN Makes New $249,000 Investment in Yum China $YUMC

OLD National Bancorp IN acquired a new position in shares of Yum China (NYSE:YUMC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,575 shares of the company’s stock, valued at approximately $249,000.

Other institutional investors and hedge funds 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 about $29,000. SouthState Corp raised 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 purchasing an additional 639 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Yum China during the 2nd quarter worth about $36,000. CX Institutional bought a new stake in Yum China during the 1st quarter worth about $37,000. Finally, Goodman Advisory Group LLC bought a new stake in Yum China during the 1st quarter worth about $41,000. 85.58% of the stock is owned by institutional investors.

Yum China Price Performance

Shares of YUMC opened at $42.39 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39. The stock has a 50 day simple moving average of $44.35 and a 200 day simple moving average of $45.22. Yum China has a 52-week low of $41.00 and a 52-week high of $53.99. The firm has a market capitalization of $15.42 billion, a PE ratio of 17.52, a P/E/G ratio of 1.59 and a beta of 0.18.

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

Yum China Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd were given a $0.24 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. Yum China’s payout ratio is currently 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. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $60.00.

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.