Connor Clark & Lunn Investment Management Ltd. Sells 106,403 Shares of Yum China (NYSE:YUMC)

Key Points

• Connor Clark & Lunn Investment Management Ltd. has reduced its stake in Yum China by 38.0%, selling 106,403 shares and holding 173,691 shares valued at approximately $9,042,000.
• Yum China has announced a quarterly dividend of $0.24 per share, with a dividend yield of 2.2%, and plans to distribute this on September 23rd to shareholders of record on September 2nd.
• The company reported earnings of $0.58 per share for its most recent quarter, surpassing estimates, with a revenue rise of 4.0% year-over-year.

Connor Clark & Lunn Investment Management Ltd. reduced its position in Yum China (NYSE:YUMC - Free Report) by 38.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,691 shares of the company's stock after selling 106,403 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Yum China were worth $9,042,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of YUMC. GAMMA Investing LLC lifted its position in Yum China by 4,967.3% during the first quarter. GAMMA Investing LLC now owns 98,914 shares of the company's stock valued at $5,149,000 after purchasing an additional 96,962 shares during the last quarter. Principal Financial Group Inc. lifted its position 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 valued at $734,150,000 after purchasing an additional 3,704,756 shares during the last quarter. AXA S.A. lifted its position in Yum China by 34.4% during the fourth quarter. AXA S.A. now owns 31,286 shares of the company's stock valued at $1,507,000 after purchasing an additional 8,016 shares during the last quarter. Sarasin & Partners LLP bought a new stake in Yum China during the first quarter valued at approximately $2,863,000. Finally, Summit Trail Advisors LLC lifted its position in Yum China by 255.9% during the first quarter. Summit Trail Advisors LLC now owns 45,540 shares of the company's stock valued at $2,371,000 after purchasing an additional 32,745 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.

Yum China Trading Down 0.3%

Shares of Yum China stock opened at $44.44 on Tuesday. Yum China has a 1 year low of $32.67 and a 1 year high of $53.99. The firm has a market cap of $16.50 billion, a PE ratio of 18.36, a PEG ratio of 1.68 and a beta of 0.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 1.11. The company has a 50 day simple moving average of $45.57 and a two-hundred day simple moving average of $46.52.

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, beating the consensus estimate of $0.57 by $0.01. Yum China had a net margin of 8.04% and a return on equity of 14.10%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the business posted $0.55 earnings per share. Yum China's revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Announces Dividend

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