Caption Management LLC Trims Stock Holdings in Yum China $YUMC

Key Points

• Caption Management LLC reduced its holdings in Yum China by 56.1%, selling 84,164 shares and now holds 65,836 shares worth approximately $3.4 million.
• Mirae Asset Global Investments significantly increased its position in Yum China by over 6,300%, now owning more than 11.5 million shares valued at $600 million.
• Yum China reported a quarterly EPS of $0.58, slightly surpassing estimates, while the company also declared a dividend of $0.24 per share set to be paid on September 23rd.

Caption Management LLC lessened its stake in Yum China (NYSE:YUMC - Free Report) by 56.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 65,836 shares of the company's stock after selling 84,164 shares during the quarter. Caption Management LLC's holdings in Yum China were worth $3,427,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Yum China by 29.7% in the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock valued at $1,248,709,000 after buying an additional 5,485,735 shares during the period. Vanguard Group Inc. boosted its stake in shares of Yum China by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company's stock valued at $796,723,000 after buying an additional 200,938 shares during the period. Principal Financial Group Inc. lifted 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 purchasing an additional 3,704,756 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Yum China by 6,304.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company's stock worth $600,045,000 after purchasing an additional 11,346,069 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Yum China by 4.5% during the fourth quarter. Royal Bank of Canada now owns 10,361,804 shares of the company's stock worth $499,127,000 after purchasing an additional 448,188 shares during the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

Yum China Stock Up 0.7%

YUMC stock traded up $0.30 during trading on Thursday, hitting $44.70. 2,020,095 shares of the company's stock were exchanged, compared to its average volume of 2,561,100. The business has a 50-day moving average price of $46.01 and a two-hundred day moving average price of $46.28. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.69 and a beta of 0.22. Yum China has a 52-week low of $33.50 and a 52-week high of $53.99. 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 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. The firm 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%.The firm's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. As a group, equities research analysts expect that Yum China will post 2.54 EPS for the current 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. The ex-dividend date is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.1%. Yum China's 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.