Federation des caisses Desjardins du Quebec Raises Holdings in Yum China $YUMC

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Yum China by 1,365.6%, acquiring an additional 36,311 shares, which brought its total holdings to 38,970 shares valued at approximately $2,029,000.
• Yum China reported earnings of $0.58 per share for the last quarter, surpassing analyst estimates, while its quarterly revenue was slightly below expectations at $2.79 billion.
• The company announced a quarterly dividend of $0.24 per share, with an ex-dividend date of September 2nd, resulting in an annualized yield of 2.1%.

Federation des caisses Desjardins du Quebec grew its stake in Yum China (NYSE:YUMC - Free Report) by 1,365.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,970 shares of the company's stock after buying an additional 36,311 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Yum China were worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in YUMC. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Yum China by 6,304.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company's stock valued at $600,045,000 after buying an additional 11,346,069 shares during the period. 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 purchasing an additional 5,485,735 shares during the period. Principal Financial Group Inc. boosted its holdings in Yum China by 35.6% in the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock worth $734,150,000 after acquiring an additional 3,704,756 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Yum China by 416.7% in the first quarter. Vontobel Holding Ltd. now owns 1,435,098 shares of the company's stock valued at $74,711,000 after purchasing an additional 1,157,340 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Yum China in the fourth quarter valued at approximately $46,445,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Stock Performance

Yum China stock traded up $0.66 during mid-day trading on Thursday, reaching $45.02. 915,351 shares of the company's stock were exchanged, compared to its average volume of 2,537,739. Yum China has a one year low of $33.61 and a one year high of $53.99. 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 business's fifty day simple moving average is $45.95 and its 200 day simple moving average is $46.17. The firm has a market capitalization of $16.60 billion, a PE ratio of 18.60, a P/E/G ratio of 1.67 and a beta of 0.22.

Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly 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 firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts expect that Yum China will post 2.54 earnings per share for the current year.

Yum China Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd will be issued a $0.24 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.1%. 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.