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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hughes Financial Services LLC purchased a new position in shares of Yum China in the 1st quarter worth approximately $29,000. SouthState Corp grew its position in 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 last quarter. CX Institutional purchased a new stake in Yum China during the 1st quarter worth approximately $37,000. Goodman Advisory Group LLC purchased a new stake in Yum China during the 1st quarter worth approximately $41,000. Finally, Cheviot Value Management LLC purchased a new stake in Yum China during the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 85.58% of the company's stock.

Yum China Stock Up 2.4%

NYSE:YUMC opened at $44.59 on Wednesday. The company has a market cap of $16.44 billion, a PE ratio of 18.43, a P/E/G ratio of 1.64 and a beta of 0.22. Yum China has a twelve month low of $34.45 and a twelve month high of $53.99. 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 company's 50 day moving average is $45.76 and its two-hundred day moving average is $46.03.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 EPS 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 during the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the previous year, the business posted $0.55 EPS. The business's quarterly revenue was up 4.0% compared to the same quarter last year. Analysts anticipate that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. Yum China's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.