Soros Capital Management LLC Purchases Shares of 282,000 Yum China $YUMC

Key Points

• Soros Capital Management LLC purchased 282,000 shares of Yum China, representing approximately $14.68 million and making the stock its 9th largest holding.
• Yum China recently reported earnings of $0.58 EPS for the quarter, exceeding analysts' expectations of $0.57, with a revenue increase of 4% year-over-year.
• The company declared a quarterly dividend of $0.24 per share, with an annualized yield of 2.1%, scheduled for payment on September 23rd.

Soros Capital Management LLC acquired a new stake in shares of Yum China (NYSE:YUMC - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 282,000 shares of the company's stock, valued at approximately $14,681,000. Yum China accounts for approximately 3.8% of Soros Capital Management LLC's investment portfolio, making the stock its 9th biggest holding. Soros Capital Management LLC owned 0.08% of Yum China as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in YUMC. Mariner LLC grew its position in Yum China by 3.6% during the fourth quarter. Mariner LLC now owns 24,859 shares of the company's stock worth $1,197,000 after buying an additional 874 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Yum China by 53.9% during the 4th quarter. NewEdge Advisors LLC now owns 9,686 shares of the company's stock valued at $467,000 after buying an additional 3,393 shares in the last quarter. GeoWealth Management LLC lifted its position in Yum China by 689.6% in the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock worth $25,000 after buying an additional 462 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Yum China by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,927,991 shares of the company's stock worth $92,874,000 after buying an additional 56,979 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Yum China in the 4th quarter worth approximately $475,000. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Yum China Price Performance

NYSE:YUMC traded down $1.92 during mid-day trading on Wednesday, reaching $44.56. The stock had a trading volume of 1,546,575 shares, compared to its average volume of 2,131,035. The firm has a 50 day moving average price of $45.93 and a two-hundred day moving average price of $46.41. The stock has a market capitalization of $16.43 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.75 and a beta of 0.27. Yum China has a one year low of $32.85 and a one year high of $53.99. 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 - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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%.Yum China's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. As a group, analysts expect that Yum China will post 2.54 earnings per share for the current year.

Yum China Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.2%. Yum China's dividend payout ratio is currently 39.67%.

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.