Royal Bank of Canada Has $526.09 Million Stake in Yum China $YUMC

Key Points

• The Royal Bank of Canada reduced its stake in Yum China by 2.5%, now owning 10,105,482 shares valued at approximately $526 million.
• Yum China recently reported a quarterly EPS of $0.58, exceeding analysts' expectations, with revenue of $2.79 billion for the quarter.
• The company announced a quarterly dividend of $0.24 per share, with an annualized yield of 2.1% and a payout ratio of 39.67%.

Royal Bank of Canada decreased its stake in Yum China (NYSE:YUMC - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,105,482 shares of the company's stock after selling 256,322 shares during the period. Royal Bank of Canada owned about 2.69% of Yum China worth $526,092,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its stake in shares of Yum China by 114.3% in the 1st quarter. Vident Advisory LLC now owns 10,069 shares of the company's stock valued at $524,000 after acquiring an additional 5,370 shares during the last quarter. Kodai Capital Management LP bought a new stake in Yum China during the 1st quarter worth $6,251,000. The Manufacturers Life Insurance Company increased its holdings in Yum China by 12.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,850,501 shares of the company's stock worth $96,346,000 after purchasing an additional 208,849 shares in the last quarter. Driehaus Capital Management LLC raised its position in Yum China by 53.5% in the first quarter. Driehaus Capital Management LLC now owns 2,120,086 shares of the company's stock valued at $110,372,000 after purchasing an additional 739,060 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Yum China during the first quarter valued at about $5,747,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Trading Up 0.7%

Shares of NYSE:YUMC traded up $0.30 during midday trading on Thursday, hitting $44.70. 2,350,298 shares of the stock were exchanged, compared to its average volume of 2,563,735. The business's 50-day moving average price is $46.01 and its 200 day moving average price is $46.28. Yum China has a 12 month low of $33.50 and a 12 month high of $53.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.69 and a beta of 0.22.

Yum China (NYSE:YUMC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, topping 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 the consensus estimate of $2.80 billion. During the same period last year, the company earned $0.55 EPS. The firm's revenue was up 4.0% compared to the same quarter last year. Analysts predict that Yum China will post 2.54 earnings per share for the current year.

Yum China Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders 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 annualized dividend and a yield of 2.1%. Yum China's 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.