Yum China $YUMC Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in Yum China by 63.3%, owning 301,188 shares worth $15.67 million after selling 519,077 shares in the first quarter.
• In contrast, JPMorgan Chase & Co. increased its holdings by 29.7%, now possessing nearly 24 million shares valued at approximately $1.25 billion, amid a trend of growing institutional investment in the company.
• Yum China announced a quarterly dividend of $0.24 per share, translating to an annual dividend yield of 2.1%, with a payout ratio currently at 39.67%.

Russell Investments Group Ltd. cut its stake in shares of Yum China (NYSE:YUMC - Free Report) by 63.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 301,188 shares of the company's stock after selling 519,077 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Yum China worth $15,669,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mariner LLC increased its stake in Yum China by 3.6% during the 4th quarter. Mariner LLC now owns 24,859 shares of the company's stock worth $1,197,000 after buying an additional 874 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Yum China by 53.9% in the fourth quarter. NewEdge Advisors LLC now owns 9,686 shares of the company's stock worth $467,000 after acquiring an additional 3,393 shares during the last quarter. GeoWealth Management LLC increased its position in shares of Yum China by 689.6% during the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company's stock worth $25,000 after purchasing an additional 462 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 56,979 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in Yum China in the 4th quarter valued at $475,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Price Performance

YUMC traded up $0.0840 on Wednesday, hitting $44.5940. 1,599,497 shares of the company's stock were exchanged, compared to its average volume of 2,570,756. Yum China has a fifty-two week low of $32.85 and a fifty-two week high of $53.99. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.68 and a beta of 0.27. The firm has a 50-day moving average price of $45.72 and a 200-day moving average price of $46.46. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.80 billion. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. As a group, equities analysts anticipate that Yum China will post 2.54 earnings per share for the current year.

Yum China Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 2nd. Yum China's payout ratio is currently 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.