CoreCap Advisors LLC Takes Position in Yum China Holdings, Inc. (NYSE:YUMC)

Posted by Defense World Staff on Jun 1st, 2023

CoreCap Advisors LLC acquired a new stake in Yum China Holdings, Inc. (NYSE:YUMC – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 996 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of YUMC. Retirement Financial Solutions LLC acquired a new stake in Yum China during the fourth quarter worth about $26,000. RFP Financial Group LLC acquired a new stake in Yum China during the fourth quarter worth about $27,000. Accurate Wealth Management LLC acquired a new stake in Yum China during the fourth quarter worth about $29,000. Eagle Bay Advisors LLC grew its holdings in Yum China by 168.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 544 shares of the company’s stock worth $30,000 after acquiring an additional 341 shares during the period. Finally, New Hampshire Trust acquired a new stake in Yum China during the fourth quarter worth about $34,000. 78.89% of the stock is owned by institutional investors and hedge funds.

Yum China Stock Performance

NYSE YUMC opened at $56.43 on Thursday. The company has a market cap of $23.58 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 1.42 and a beta of 0.53. The stock’s 50 day simple moving average is $61.52 and its 200-day simple moving average is $59.28. Yum China Holdings, Inc. has a 1-year low of $38.47 and a 1-year high of $64.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.59.

Yum China (NYSE:YUMC – Get Rating) last released its earnings results on Tuesday, May 2nd. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.26. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.77 billion. Yum China had a return on equity of 8.77% and a net margin of 6.43%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. As a group, equities research analysts anticipate that Yum China Holdings, Inc. will post 1.99 EPS for the current fiscal year.

Yum China Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, May 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $0.52 annualized dividend and a dividend yield of 0.92%. Yum China’s dividend payout ratio (DPR) is presently 34.67%.

Analyst Upgrades and Downgrades

YUMC has been the topic of several analyst reports. OTR Global raised Yum China from a “mixed” rating to a “positive” rating in a report on Wednesday, April 12th. TheStreet upgraded Yum China from a “c+” rating to a “b” rating in a research report on Tuesday, May 2nd. StockNews.com initiated coverage on Yum China in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group downgraded Yum China from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st.

Insider Activity

In related news, Director William Wang Yang sold 1,136,016 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $62.31, for a total value of $70,785,156.96. Following the completion of the sale, the director now owns 13,035,635 shares of the company’s stock, valued at $812,250,416.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director William Wang Yang sold 1,136,016 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $62.31, for a total value of $70,785,156.96. Following the completion of the sale, the director now owns 13,035,635 shares of the company’s stock, valued at $812,250,416.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joey Wat sold 2,800 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $61.94, for a total value of $173,432.00. Following the completion of the sale, the chief executive officer now directly owns 256,723 shares of the company’s stock, valued at approximately $15,901,422.62. The disclosure for this sale can be found here. Insiders have sold a total of 1,167,023 shares of company stock worth $72,689,223 over the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Yum China Company Profile

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Yum China Holdings, Inc engages in the operation and management of restaurants and fast food chains. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut, and All Other Segments. The KFC segment operates restaurant chain. The Pizza Hut segment covers the Pizza Hut casual dining and Pizza Hut home service.