Pictet North America Advisors SA Lowers Holdings in Yum China $YUMC

Key Points

• Pictet North America Advisors SA has reduced its stake in Yum China by 10.4%, now holding 474,848 shares valued at approximately $21.1 million.
• Yum China reported a quarterly earnings per share (EPS) of $0.58, surpassing the consensus estimate by $0.01, with revenue of $2.79 billion.
• The company announced a $0.24 quarterly dividend set to be paid on September 23rd, representing a yield of 2.2%.

Pictet North America Advisors SA decreased its stake in shares of Yum China (NYSE:YUMC - Free Report) by 10.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 474,848 shares of the company's stock after selling 55,304 shares during the quarter. Yum China comprises about 2.1% of Pictet North America Advisors SA's investment portfolio, making the stock its 16th biggest holding. Pictet North America Advisors SA owned about 0.13% of Yum China worth $21,149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in YUMC. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Yum China by 6,304.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company's stock worth $600,045,000 after purchasing an additional 11,346,069 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Yum China by 29.7% in the first quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock worth $1,248,709,000 after purchasing an additional 5,485,735 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Yum China by 35.6% in the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock worth $734,150,000 after purchasing an additional 3,704,756 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of Yum China by 416.7% in the first quarter. Vontobel Holding Ltd. now owns 1,435,098 shares of the company's stock worth $74,711,000 after purchasing an additional 1,157,340 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Yum China in the fourth quarter worth $46,445,000. Hedge funds and other institutional investors own 85.58% of the company's stock.

Yum China Stock Down 1.4%

YUMC stock opened at $43.13 on Tuesday. Yum China has a 1-year low of $35.90 and a 1-year high of $53.99. The business has a fifty day moving average price of $45.47 and a 200-day moving average price of $45.85. 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 stock has a market capitalization of $15.90 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.65 and a beta of 0.22.

Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. Yum China's revenue was up 4.0% compared to the same quarter last year. Equities analysts forecast that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors 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 annualized dividend and a dividend yield of 2.2%. Yum China's payout ratio 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.

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