Driehaus Capital Management LLC Has $110.37 Million Stock Position in Yum China $YUMC

Key Points

• Driehaus Capital Management LLC increased its holdings in Yum China by 53.5%, acquiring 739,060 shares, which now represent about 1.1% of its portfolio, making it the firm's 10th largest position.
• Yum China reported a quarterly EPS of $0.58, beating analyst expectations, with revenue of $2.79 billion, a slight decline from estimates but a 4.0% increase compared to the prior year.
• The company declared a quarterly dividend of $0.24 per share, with an upcoming payment date of September 23rd, resulting in an annualized dividend yield of 2.2%.

Driehaus Capital Management LLC increased its holdings in Yum China (NYSE:YUMC - Free Report) by 53.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,120,086 shares of the company's stock after buying an additional 739,060 shares during the quarter. Yum China comprises 1.1% of Driehaus Capital Management LLC's portfolio, making the stock its 10th largest holding. Driehaus Capital Management LLC owned about 0.57% of Yum China worth $110,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 5,485,735 shares in the last quarter. Vanguard Group Inc. boosted its stake in Yum China by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company's stock valued at $796,723,000 after purchasing an additional 200,938 shares in the last quarter. Principal Financial Group Inc. boosted its stake 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 purchasing an additional 3,704,756 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Yum China by 6,304.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company's stock valued at $600,045,000 after purchasing an additional 11,346,069 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Yum China by 4.5% during the 4th quarter. Royal Bank of Canada now owns 10,361,804 shares of the company's stock valued at $499,127,000 after purchasing an additional 448,188 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

Yum China Price Performance

NYSE YUMC traded up $0.88 on Wednesday, reaching $44.53. 2,031,507 shares of the stock traded hands, compared to its average volume of 2,554,137. The firm's fifty day simple moving average is $46.01 and its 200 day simple moving average is $46.30. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 1.69 and a beta of 0.22. Yum China has a 12 month low of $33.33 and a 12 month high of $53.99.

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

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders 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 currently 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.