Nuveen LLC Takes Position in Yum China $YUMC

Key Points

• Nuveen LLC has made a new investment in Yum China, acquiring 768,778 shares valued at approximately $40.02 million, increasing their ownership to about 0.21% of the company.
• Yum China reported a quarterly earnings per share (EPS) of $0.58, slightly exceeding analysts' expectations of $0.57, with a revenue of $2.79 billion.
• The company announced a quarterly dividend of $0.24 per share, resulting in an annualized yield of 2.1% and a payout ratio of 39.67%.

Nuveen LLC purchased a new position in shares of Yum China (NYSE:YUMC - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 768,778 shares of the company's stock, valued at approximately $40,023,000. Nuveen LLC owned about 0.21% of Yum China at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Yum China by 29.7% during the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock worth $1,248,709,000 after acquiring an additional 5,485,735 shares during the last quarter. GAMMA Investing LLC grew its position in Yum China by 4,967.3% during the 1st quarter. GAMMA Investing LLC now owns 98,914 shares of the company's stock worth $5,149,000 after acquiring an additional 96,962 shares during the last quarter. Principal Financial Group Inc. grew its position 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 worth $734,150,000 after acquiring an additional 3,704,756 shares during the last quarter. AXA S.A. grew its position in Yum China by 34.4% during the 4th quarter. AXA S.A. now owns 31,286 shares of the company's stock worth $1,507,000 after acquiring an additional 8,016 shares during the last quarter. Finally, Sarasin & Partners LLP bought a new position in Yum China in the 1st quarter valued at $2,863,000. 85.58% of the stock is currently owned by institutional investors.

Yum China Trading Down 0.4%

YUMC traded down $0.20 during mid-day trading on Monday, reaching $44.55. The stock had a trading volume of 1,825,143 shares, compared to its average volume of 1,875,911. The stock has a market capitalization of $16.43 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.69 and a beta of 0.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39. The firm's fifty day simple moving average is $45.72 and its two-hundred day simple moving average is $46.48. Yum China has a 52 week low of $32.85 and a 52 week high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $2.80 billion. During the same period last year, the company earned $0.55 EPS. The business's quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Yum China will post 2.54 EPS for the current 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 given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 2nd. 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.