Goldman Sachs Group Inc. Has $89.24 Million Stock Holdings in Yum China $YUMC

Key Points

• Goldman Sachs reduced its stake in Yum China by 32.7%, selling over 831,000 shares during the first quarter, bringing its total ownership to around 1.7 million shares valued at approximately $89 million.
• Yum China reported a 4% increase in revenue for the recent quarter, with earnings per share at $0.58, slightly surpassing analysts' expectations.
• The company has declared a $0.24 quarterly dividend, representing a 2.2% yield, with the payment scheduled for September 23rd.

Goldman Sachs Group Inc. lowered its position in shares of Yum China (NYSE:YUMC - Free Report) by 32.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,714,232 shares of the company's stock after selling 831,501 shares during the quarter. Goldman Sachs Group Inc. owned about 0.46% of Yum China worth $89,243,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of YUMC. Mirae Asset Global Investments Co. Ltd. boosted its position 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 valued at $600,045,000 after acquiring an additional 11,346,069 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Yum China by 29.7% during the first 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 last quarter. Principal Financial Group Inc. boosted 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 acquiring an additional 3,704,756 shares during the last quarter. Vontobel Holding Ltd. boosted its position in Yum China by 416.7% during the first quarter. Vontobel Holding Ltd. now owns 1,435,098 shares of the company's stock valued at $74,711,000 after acquiring an additional 1,157,340 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Yum China during the fourth quarter valued at $46,445,000. Institutional investors own 85.58% of the company's stock.

Yum China Stock Down 1.9%

NYSE:YUMC traded down $0.87 during trading hours on Thursday, reaching $43.82. The company had a trading volume of 2,161,620 shares, compared to its average volume of 2,087,729. 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 firm has a market cap of $16.16 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 1.69 and a beta of 0.22. The business's 50-day simple moving average is $45.63 and its two-hundred day simple moving average is $45.98. Yum China has a twelve month low of $35.15 and a twelve month high of $53.99.

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

Yum China Dividend Announcement

The business also recently declared 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. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 2nd. Yum China's dividend payout ratio (DPR) is presently 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.