Yum China $YUMC Shares Sold by Swedbank AB

Key Points

• Swedbank AB has reduced its stake in Yum China by 35.5%, now holding 143,072 shares worth approximately $6.4 million after a sale of 78,700 shares during the second quarter.
• Yum China recently reported a quarterly earnings per share (EPS) of $0.58, surpassing analyst expectations, and achieved a revenue of $2.79 billion, matching close estimates.
• The company announced a quarterly dividend of $0.24 per share, representing a yield of 2.2% with a payout ratio of 39.67%.

Swedbank AB reduced its position in Yum China (NYSE:YUMC - Free Report) by 35.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 143,072 shares of the company's stock after selling 78,700 shares during the quarter. Swedbank AB's holdings in Yum China were worth $6,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in YUMC. Mirae Asset Global Investments Co. Ltd. raised its position in Yum China by 6,304.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company's stock valued at $600,045,000 after purchasing an additional 11,346,069 shares during the period. JPMorgan Chase & Co. raised its position in Yum China by 29.7% in the first quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock valued at $1,248,709,000 after purchasing an additional 5,485,735 shares during the period. Principal Financial Group Inc. raised its position in Yum China by 35.6% in the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock valued at $734,150,000 after purchasing an additional 3,704,756 shares during the period. Vontobel Holding Ltd. raised its position in Yum China by 416.7% in the first quarter. Vontobel Holding Ltd. now owns 1,435,098 shares of the company's stock valued at $74,711,000 after purchasing an additional 1,157,340 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Yum China in the fourth quarter valued at about $46,445,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Yum China Stock Down 1.4%

NYSE:YUMC traded down $0.63 during mid-day trading on Monday, hitting $43.13. The company had a trading volume of 1,408,214 shares, compared to its average volume of 2,114,888. The business has a fifty day simple moving average of $45.47 and a 200-day simple moving average of $45.85. 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 has a 1 year low of $35.90 and a 1 year high of $53.99. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.65 and a beta of 0.22.

Yum China (NYSE:YUMC - Get Free Report) last released 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 return on equity of 14.13% and a net margin of 8.04%.The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company posted $0.55 earnings per share. The firm's revenue was up 4.0% compared to the same quarter last year. Equities analysts forecast that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd will be given 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 presently 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.