Price T Rowe Associates Inc. MD Sells 1,007,085 Shares of Yum China $YUMC

Key Points

• Price T Rowe Associates Inc. MD reduced its stake in Yum China by 9.0%, holding approximately 10.1 million shares valued at $527.86 million as of the end of the most recent quarter.
• Yum China announced a quarterly dividend of $0.24 per share with a payout ratio of 39.67%, reflecting an annualized dividend yield of 2.1%.
• The company's stock price has recently seen an increase of 1.7%, with its market capitalization reported at $16.91 billion.

Price T Rowe Associates Inc. MD decreased its position in Yum China (NYSE:YUMC - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,139,450 shares of the company's stock after selling 1,007,085 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 2.70% of Yum China worth $527,861,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in YUMC. GeoWealth Management LLC increased its position in shares of Yum China by 689.6% during the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after purchasing an additional 462 shares during the last quarter. Hughes Financial Services LLC bought a new stake in shares of Yum China during the 1st quarter worth $29,000. SouthState Corp raised its stake in shares of Yum China by 4,915.4% during the 1st quarter. SouthState Corp now owns 652 shares of the company's stock worth $34,000 after purchasing an additional 639 shares during the period. CX Institutional bought a new stake in shares of Yum China during the 1st quarter worth $37,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Yum China during the 1st quarter worth $41,000. Institutional investors own 85.58% of the company's stock.

Yum China Stock Performance

Shares of NYSE YUMC traded down $1.92 during mid-day trading on Wednesday, reaching $44.56. 1,533,756 shares of the company's stock were exchanged, compared to its average volume of 2,568,321. The firm has a market capitalization of $16.43 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.77 and a beta of 0.27. Yum China has a 52 week low of $32.85 and a 52 week 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 50-day moving average price of $45.90 and a two-hundred day moving average price of $46.43.

Yum China (NYSE:YUMC - Get Free Report) last released its 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. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.80 billion. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. Analysts predict that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Yum China's dividend payout ratio is presently 39.67%.

Yum China 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.