Acadian Asset Management LLC Sells 232,431 Shares of 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 lowered its holdings in Yum China (NYSE:YUMC - Free Report) by 68.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,813 shares of the company's stock after selling 232,431 shares during the quarter. Acadian Asset Management LLC's holdings in Yum China were worth $5,662,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Yum China by 29.7% during the first quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock worth $1,248,709,000 after buying an additional 5,485,735 shares during the last quarter. Northern Trust Corp grew its stake in Yum China by 9.0% during the first quarter. Northern Trust Corp now owns 2,076,822 shares of the company's stock worth $108,119,000 after buying an additional 171,643 shares during the last quarter. GAMMA Investing LLC grew its stake in Yum China by 4,967.3% during the first quarter. GAMMA Investing LLC now owns 98,914 shares of the company's stock worth $5,149,000 after buying an additional 96,962 shares during the last quarter. Principal Financial Group Inc. grew its stake in Yum China by 35.6% during the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock worth $734,150,000 after buying an additional 3,704,756 shares during the last quarter. Finally, Sarasin & Partners LLP bought a new stake in Yum China during the first quarter worth about $2,863,000. Institutional investors own 85.58% of the company's stock.

Yum China Price Performance

Shares of Yum China stock opened at $43.93 on Friday. Yum China has a 1-year low of $34.14 and a 1-year high of $53.99. The firm's 50-day moving average price is $45.90 and its two-hundred day moving average price is $46.11. The stock has a market capitalization of $16.20 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.70 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business earned $0.55 earnings per share. Yum China's quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Announces Dividend

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

Yum China 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.

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