Aberdeen Group plc Sells 313,608 Shares of Yum China $YUMC

Key Points

• Aberdeen Group plc significantly reduced its stake in Yum China by 75.1%, selling 313,608 shares and now holds 103,740 shares valued at $5.35 million.
• The company reported earnings per share of $0.58, exceeding the estimated $0.57, with a 4% increase in revenue year-over-year.
• Yum China announced a quarterly dividend of $0.24 per share, with an annualized yield of 2.2% and a payout ratio of 39.67%.

Aberdeen Group plc trimmed its stake in Yum China (NYSE:YUMC - Free Report) by 75.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,740 shares of the company's stock after selling 313,608 shares during the quarter. Aberdeen Group plc's holdings in Yum China were worth $5,345,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. GeoWealth Management LLC lifted its stake in Yum China by 689.6% in the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after purchasing an additional 462 shares during the last quarter. Hughes Financial Services LLC bought a new stake in shares of Yum China in the first quarter valued at $29,000. SouthState Corp lifted its position in shares of Yum China by 4,915.4% during the 1st quarter. SouthState Corp now owns 652 shares of the company's stock valued at $34,000 after buying an additional 639 shares during the last quarter. CX Institutional bought a new position in shares of Yum China during the 1st quarter worth $37,000. Finally, Goodman Advisory Group LLC purchased a new stake in Yum China in the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 85.58% of the company's stock.

Yum China Trading Up 0.2%

Shares of Yum China stock opened at $44.5940 on Thursday. The stock has a market capitalization of $16.44 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.68 and a beta of 0.27. Yum China has a 52-week low of $32.85 and a 52-week 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. The stock's 50-day simple moving average is $45.71 and its 200 day simple moving average is $46.45.

Yum China (NYSE:YUMC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the company earned $0.55 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. As a group, research analysts anticipate that Yum China will post 2.54 EPS for the current year.

Yum China Announces Dividend

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

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