PDT Partners LLC Takes $3.59 Million Position in Yum China $YUMC

Key Points

• PDT Partners LLC has acquired a new stake in Yum China, purchasing 68,988 shares valued at approximately $3.59 million.
• Yum China reported an earnings per share (EPS) of $0.58 for the last quarter, exceeding analysts' expectations of $0.57.
• The company declared a quarterly dividend of $0.24 per share, representing a 2.1% dividend yield on an annualized basis.

PDT Partners LLC acquired a new stake in Yum China (NYSE:YUMC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 68,988 shares of the company's stock, valued at approximately $3,592,000.

A number of other hedge funds also recently made changes to their positions in YUMC. Focus Partners Advisor Solutions LLC lifted its holdings in Yum China by 5.0% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 5,555 shares of the company's stock worth $289,000 after purchasing an additional 263 shares during the last quarter. Vident Advisory LLC lifted its holdings in Yum China by 114.3% during the 1st quarter. Vident Advisory LLC now owns 10,069 shares of the company's stock worth $524,000 after purchasing an additional 5,370 shares during the last quarter. Kodai Capital Management LP bought a new position in Yum China during the 1st quarter worth $6,251,000. The Manufacturers Life Insurance Company increased its stake in Yum China by 12.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,850,501 shares of the company's stock worth $96,346,000 after acquiring an additional 208,849 shares during the period. Finally, Driehaus Capital Management LLC increased its stake in Yum China by 53.5% during the 1st quarter. Driehaus Capital Management LLC now owns 2,120,086 shares of the company's stock worth $110,372,000 after acquiring an additional 739,060 shares during the period. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Price Performance

Yum China stock traded up $0.18 during mid-day trading on Friday, reaching $44.88. 1,316,907 shares of the company were exchanged, compared to its average volume of 2,053,333. The company has a fifty day simple moving average of $46.02 and a 200-day simple moving average of $46.22. Yum China has a 12 month low of $33.50 and a 12 month high of $53.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. The firm has a market cap of $16.55 billion, a PE ratio of 18.55, a PEG ratio of 1.69 and a beta of 0.22.

Yum China (NYSE:YUMC - Get Free Report) last posted its quarterly earnings data 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 14.13% 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 quarter last year, the company earned $0.55 EPS. The company's revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, September 2nd. Yum China's dividend payout ratio (DPR) is 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.