Yum China (NYSE:YUMC) Announces Quarterly Dividend of $0.29

Yum China (NYSE:YUMC) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Tuesday, December 1st will be paid a dividend of $0.29 per share on Tuesday, December 22nd. This represents a $1.16 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, December 1st.

Yum China has raised its dividend by an average of 0.3% per year over the last three years and has increased its dividend every year for the last 5 years. Yum China has a payout ratio of 40.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Yum China to earn $3.44 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 33.7%.

Yum China Stock Up 1.5%

Shares of NYSE:YUMC opened at $47.80 on Wednesday. The business’s 50 day simple moving average is $43.31 and its two-hundred day simple moving average is $46.83. The firm has a market cap of $16.37 billion, a P/E ratio of 17.51, a PEG ratio of 1.24 and a beta of 0.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.78 and a current ratio of 0.96. Yum China has a 52-week low of $39.72 and a 52-week high of $58.39.

Yum China (NYSE:YUMC) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Yum China had a return on equity of 15.82% and a net margin of 7.84%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. As a group, research analysts forecast that Yum China will post 2.95 EPS for the current fiscal year.

Insider Activity

In other Yum China news, insider Jeff Kuai sold 14,586 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $47.72, for a total transaction of $696,043.92. Following the completion of the sale, the insider directly owned 63,541 shares of the company’s stock, valued at approximately $3,032,176.52. The trade was a 18.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Duoduo (Howard) Huang sold 24,096 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $47.08, for a total value of $1,134,439.68. Following the sale, the insider directly owned 7,589 shares of the company’s stock, valued at $357,290.12. This represents a 76.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Euro Pacific Asset Management LLC bought a new position in shares of Yum China during the 3rd quarter valued at approximately $205,000. Ethic Inc. increased its position in Yum China by 3.4% in the third quarter. Ethic Inc. now owns 10,352 shares of the company’s stock worth $425,000 after buying an additional 345 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Yum China by 3.5% in the third quarter. Kestra Advisory Services LLC now owns 7,714 shares of the company’s stock valued at $317,000 after buying an additional 259 shares during the period. Pathway Financial Advisers LLC bought a new stake in Yum China in the 3rd quarter valued at about $40,000. Finally, Bell Investment Advisors Inc lifted its stake in shares of Yum China by 55.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 726 shares of the company’s stock valued at $30,000 after buying an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

About Yum China

Yum China Holdings, Inc is a restaurant company focused on operating and developing quick-service and casual-dining brands in China. Headquartered in Shanghai, the company serves customers across mainland China through a large network of company-owned and franchised restaurants, supported by digital ordering, delivery and loyalty platforms.

Its principal brands include KFC, Pizza Hut and Taco Bell, for which Yum China holds the exclusive rights to operate and franchise restaurants in China.