Acadian Asset Management LLC Reduces Position in Yum China $YUMC

Key Points

• Acadian Asset Management LLC significantly reduced its holdings in Yum China by 68.1% in the first quarter, selling 232,431 shares and ending up with 108,813 shares valued at approximately $5.66 million.
• Yum China reported a $0.58 earnings per share for the last quarter, surpassing analysts' expectations, alongside a 4.0% increase in year-over-year revenue, totaling $2.79 billion.
• The company announced a quarterly dividend of $0.24 per share, yielding 2.2%, with the ex-dividend date set for September 2nd.

Acadian Asset Management LLC trimmed its stake in Yum China (NYSE:YUMC - Free Report) by 68.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 108,813 shares of the company's stock after selling 232,431 shares during the period. Acadian Asset Management LLC's holdings in Yum China were worth $5,662,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in YUMC. Hughes Financial Services LLC purchased a new stake in shares of Yum China in the 1st quarter valued at approximately $29,000. SouthState Corp raised its stake in shares of Yum China by 4,915.4% in the 1st quarter. SouthState Corp now owns 652 shares of the company's stock valued at $34,000 after acquiring an additional 639 shares during the period. CX Institutional purchased a new stake in shares of Yum China in the 1st quarter valued at approximately $37,000. Goodman Advisory Group LLC purchased a new stake in Yum China during the 1st quarter worth approximately $41,000. Finally, Cheviot Value Management LLC purchased a new stake in Yum China during the 1st quarter worth approximately $42,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Yum China Stock Down 1.9%

YUMC traded down $0.87 during trading hours on Thursday, hitting $43.82. 2,161,620 shares of the company's stock were exchanged, compared to its average volume of 2,087,729. Yum China has a 12-month low of $35.15 and a 12-month high of $53.99. The firm has a 50 day moving average of $45.63 and a 200 day moving average of $45.98. The firm has a market cap of $16.16 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.69 and a beta of 0.22. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm earned $0.55 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Analysts predict that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

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