Rhumbline Advisers Cuts Stock Position in Yum China $YUMC

Key Points

• Rhumbline Advisers reduced its stake in Yum China by 19.0%, selling 11,928 shares to hold a total of 50,918 shares valued at approximately $2.65 million.
• Yum China's stock price increased 2.4%, currently trading at $44.59, with a market cap of $16.44 billion.
• The company plans to pay a quarterly dividend of $0.24 per share on September 23rd, equating to an annual yield of 2.2%.

Rhumbline Advisers lessened its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 19.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,918 shares of the company's stock after selling 11,928 shares during the quarter. Rhumbline Advisers' holdings in Yum China were worth $2,651,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings in shares of Yum China by 23.6% during the fourth quarter. Cetera Investment Advisers now owns 23,316 shares of the company's stock worth $1,123,000 after buying an additional 4,445 shares in the last quarter. Quantinno Capital Management LP boosted its position in Yum China by 40.3% during the fourth quarter. Quantinno Capital Management LP now owns 14,075 shares of the company's stock valued at $678,000 after acquiring an additional 4,040 shares during the last quarter. Snowden Capital Advisors LLC boosted its position in Yum China by 5.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 4,726 shares of the company's stock valued at $228,000 after acquiring an additional 261 shares during the last quarter. Virtus Investment Advisers Inc. bought a new stake in Yum China during the fourth quarter valued at $77,000. Finally, Vident Advisory LLC bought a new position in shares of Yum China during the 4th quarter worth about $226,000. Institutional investors own 85.58% of the company's stock.

Yum China Stock Down 0.1%

Shares of YUMC stock traded down $0.05 on Friday, reaching $43.78. 1,268,876 shares of the company were exchanged, compared to its average volume of 2,112,054. Yum China has a one year low of $35.15 and a one year high of $53.99. The company has a market cap of $16.14 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.65 and a beta of 0.22. 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 company has a 50-day moving average of $45.55 and a 200-day moving average of $45.95.

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. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The business had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter last year, the firm earned $0.55 EPS. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts anticipate that Yum China will post 2.54 earnings per share for the current year.

Yum China Dividend Announcement

The business also recently disclosed 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. Yum China's payout ratio is currently 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.