Raymond James Financial Inc. Purchases 64,283 Shares of Yum China $YUMC

Key Points

• Raymond James Financial Inc. increased its stake in Yum China by 4.5%, holding 1,489,191 shares valued at approximately $77.53 million at the end of the first quarter.
• Yum China announced a quarterly dividend of $0.24 per share, translating to an annualized yield of 2.2%, with a payout ratio of 39.67%.
• The company's recent earnings report showed an EPS of $0.58, surpassing estimates by $0.01, and revenue of $2.79 billion, slightly below analyst expectations.

Raymond James Financial Inc. increased its position in shares of Yum China (NYSE:YUMC - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,489,191 shares of the company's stock after purchasing an additional 64,283 shares during the period. Raymond James Financial Inc. owned approximately 0.40% of Yum China worth $77,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Mariner LLC raised its holdings in Yum China by 3.6% in the 4th quarter. Mariner LLC now owns 24,859 shares of the company's stock valued at $1,197,000 after acquiring an additional 874 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Yum China by 53.9% in the 4th quarter. NewEdge Advisors LLC now owns 9,686 shares of the company's stock valued at $467,000 after acquiring an additional 3,393 shares in the last quarter. GeoWealth Management LLC raised its holdings 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in Yum China by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,927,991 shares of the company's stock valued at $92,874,000 after acquiring an additional 56,979 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in Yum China in the 4th quarter valued at $475,000. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Price Performance

NYSE YUMC traded up $1.14 during midday trading on Monday, hitting $47.04. The company had a trading volume of 1,682,130 shares, compared to its average volume of 1,843,125. The company has a market capitalization of $17.34 billion, a PE ratio of 19.44, a P/E/G ratio of 1.73 and a beta of 0.27. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $45.83 and a 200-day moving average price of $46.43. Yum China has a twelve month low of $32.85 and a twelve month 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 earnings per share for the quarter, beating 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 firm had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the previous year, the firm earned $0.55 EPS. The company's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.0%. Yum China's payout ratio is 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.