Patriot Financial Group Insurance Agency LLC Raises Stock Position in Yum China $YUMC

Patriot Financial Group Insurance Agency LLC boosted its position in shares of Yum China (NYSE:YUMC) by 16.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,902 shares of the company’s stock after purchasing an additional 1,370 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Yum China were worth $443,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hughes Financial Services LLC bought a new position in shares of Yum China in the 1st quarter worth approximately $29,000. SouthState Corp grew its holdings in shares of Yum China by 4,915.4% in the first quarter. SouthState Corp now owns 652 shares of the company’s stock valued at $34,000 after purchasing an additional 639 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Yum China in the second quarter worth $36,000. CX Institutional bought a new stake in Yum China in the first quarter worth $37,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Yum China during the first quarter worth $41,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Yum China in a research note on Saturday, September 27th. One equities 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.com, the company presently 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 1-year low of $41.00 and a 1-year high of $53.99. The company has a market cap of $15.60 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.58 and a beta of 0.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. The stock has a 50-day moving average of $44.59 and a two-hundred day moving average of $45.37.

Yum China (NYSE:YUMC) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $2.80 billion. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. As a group, analysts anticipate that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd were given 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 is currently 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.