PNC Financial Services Group Inc. Trims Stake in Yum China (NYSE:YUMC)

PNC Financial Services Group Inc. lessened its stake in shares of Yum China (NYSE:YUMC - Free Report) by 8.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,373 shares of the company's stock after selling 11,384 shares during the period. PNC Financial Services Group Inc.'s holdings in Yum China were worth $6,110,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. GeoWealth Management LLC raised its stake in Yum China by 689.6% in the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after acquiring an additional 462 shares during the period. Hughes Financial Services LLC purchased a new position in shares of Yum China in the first quarter worth about $29,000. CX Institutional bought a new stake in shares of Yum China in the first quarter valued at approximately $37,000. Goodman Advisory Group LLC purchased a new stake in shares of Yum China during the 1st quarter valued at approximately $41,000. Finally, Hollencrest Capital Management boosted its holdings in Yum China by 121.4% in the 1st quarter. Hollencrest Capital Management now owns 912 shares of the company's stock worth $47,000 after buying an additional 500 shares during the period. Institutional investors own 85.58% of the company's stock.

Yum China Stock Performance

YUMC stock traded down $1.26 during midday trading on Friday, reaching $44.59. 2,647,590 shares of the company's stock traded hands, compared to its average volume of 1,760,655. The company has a 50-day moving average price of $45.56 and a two-hundred day moving average price of $46.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.26. Yum China has a 52 week low of $32.67 and a 52 week high of $53.99. The firm has a market capitalization of $16.56 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.69 and a beta of 0.27.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.80 billion. Yum China had a return on equity of 14.10% and a net margin of 8.04%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. As a group, equities analysts anticipate that Yum China will post 2.54 EPS for the current 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 paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.2%. Yum China's payout ratio is currently 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.