Motley Fool Asset Management LLC Sells 7,657 Shares of Yum China (NYSE:YUMC)

Key Points

• Motley Fool Asset Management LLC reduced its stake in Yum China by 3.4%, holding 220,457 shares worth approximately $11.5 million as of the end of the last quarter.
• JPMorgan Chase & Co. significantly increased its position in Yum China by 29.7%, now owning nearly 24 million shares valued at about $1.25 billion.
• Yum China announced a quarterly dividend of $0.24, representing an annualized dividend yield of 2.2%, to be paid on September 23rd to investors of record.

Motley Fool Asset Management LLC trimmed its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 3.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,457 shares of the company's stock after selling 7,657 shares during the quarter. Motley Fool Asset Management LLC owned 0.06% of Yum China worth $11,477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of YUMC. GeoWealth Management LLC increased its position in Yum China by 689.6% in the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company's stock worth $25,000 after buying an additional 462 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in Yum China in the first quarter worth $29,000. SouthState Corp increased its position in Yum China by 4,915.4% in the first quarter. SouthState Corp now owns 652 shares of the company's stock worth $34,000 after buying an additional 639 shares during the last quarter. CX Institutional purchased a new stake in Yum China in the first quarter worth $37,000. Finally, Goodman Advisory Group LLC purchased a new stake in Yum China in the first quarter worth $41,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Yum China Stock Performance

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

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. Yum China had a return on equity of 14.10% and a net margin of 8.04%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $0.55 earnings per share. The business's revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts forecast that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend 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.