Amundi Lowers Position in Yum China $YUMC

Key Points

• Amundi reduced its stake in Yum China by 20%, selling 371,602 shares, and now owns approximately 1.5 million shares valued at $78.2 million.
• JPMorgan Chase & Co. significantly increased its holdings in Yum China by 29.7%, owning nearly 24 million shares worth $1.25 billion after acquiring an additional 5.5 million shares.
• Yum China announced a quarterly dividend of $0.24 per share, with a payout ratio of 39.67%, reflecting a yield of 2.1%.

Amundi cut its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 20.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,487,015 shares of the company's stock after selling 371,602 shares during the quarter. Amundi owned about 0.40% of Yum China worth $78,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Yum China by 29.7% during the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock valued at $1,248,709,000 after acquiring an additional 5,485,735 shares during the period. Northern Trust Corp boosted its holdings in Yum China by 9.0% during the 1st quarter. Northern Trust Corp now owns 2,076,822 shares of the company's stock valued at $108,119,000 after acquiring an additional 171,643 shares during the period. GAMMA Investing LLC boosted its holdings in Yum China by 4,967.3% during the 1st quarter. GAMMA Investing LLC now owns 98,914 shares of the company's stock valued at $5,149,000 after acquiring an additional 96,962 shares during the period. Principal Financial Group Inc. boosted its holdings in Yum China by 35.6% during the 1st quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock valued at $734,150,000 after acquiring an additional 3,704,756 shares during the period. Finally, Sarasin & Partners LLP purchased a new position in Yum China during the 1st quarter valued at about $2,863,000. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Yum China Stock Performance

Shares of Yum China stock opened at $44.88 on Friday. The business has a 50-day moving average of $46.02 and a 200 day moving average of $46.22. Yum China has a 12 month low of $33.50 and a 12 month high of $53.99. The stock has a market capitalization of $16.55 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.69 and a beta of 0.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22.

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

Yum China Dividend Announcement

The company 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. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, September 2nd. Yum China's dividend payout ratio (DPR) is 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.

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