Mitsubishi UFJ Asset Management Co. Ltd. Buys 24,926 Shares of Yum China (NYSE:YUMC)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Yum China by 7.4% during the first quarter, now owning a total of 363,704 shares valued at approximately $18.93 million.
• Yum China reported a quarterly earnings per share (EPS) of $0.58, exceeding estimates by $0.01, with revenue of $2.79 billion, representing a 4.0% year-over-year increase.
• The company declared a quarterly dividend of $0.24 per share, which will be paid on September 23rd, with a current annualized yield of 2.2%.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Yum China (NYSE:YUMC - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,704 shares of the company's stock after acquiring an additional 24,926 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.10% of Yum China worth $18,934,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Snowden Capital Advisors LLC grew its stake in Yum China by 5.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 4,726 shares of the company's stock valued at $228,000 after acquiring an additional 261 shares in the last quarter. Merit Financial Group LLC grew its stake in Yum China by 4.9% during the first quarter. Merit Financial Group LLC now owns 7,006 shares of the company's stock valued at $365,000 after acquiring an additional 330 shares in the last quarter. Applied Capital LLC FL grew its stake in Yum China by 1.9% during the first quarter. Applied Capital LLC FL now owns 18,483 shares of the company's stock valued at $962,000 after acquiring an additional 353 shares in the last quarter. Spire Wealth Management grew its stake in Yum China by 30.5% during the first quarter. Spire Wealth Management now owns 1,744 shares of the company's stock valued at $91,000 after acquiring an additional 408 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Yum China by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 34,115 shares of the company's stock valued at $1,776,000 after acquiring an additional 426 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company's stock.

Yum China Price Performance

NYSE:YUMC traded up $0.34 during mid-day trading on Tuesday, hitting $44.74. 1,235,395 shares of the stock traded hands, compared to its average volume of 1,815,359. The business's 50-day moving average price is $45.59 and its 200 day moving average price is $46.51. The company has a market cap of $16.61 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.68 and a beta of 0.27. Yum China has a 12-month low of $32.67 and a 12-month high of $53.99. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.01.

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, topping analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. Yum China had a net margin of 8.04% and a return on equity of 14.10%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, analysts expect that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. Yum China's dividend 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.