Synovus Financial Corp Has $630,000 Holdings in Yum China $YUMC

Key Points

• Synovus Financial Corp reduced its stake in Yum China by 33.6%, now holding shares worth $630,000 after selling 6,110 shares in the first quarter.
• Other institutional investors significantly increased their positions in Yum China, with Mirae Asset Global Investments boosting its holdings by 6,304.9% during the same period.
• Yum China declared a quarterly dividend of $0.24 per share, reflecting an annual yield of 2.2%, with a payout ratio of 39.67%.

Synovus Financial Corp lowered its stake in shares of Yum China (NYSE:YUMC - Free Report) by 33.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,094 shares of the company's stock after selling 6,110 shares during the period. Synovus Financial Corp's holdings in Yum China were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Yum China by 6,304.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company's stock worth $600,045,000 after buying an additional 11,346,069 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Yum China by 29.7% during the first quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock worth $1,248,709,000 after purchasing an additional 5,485,735 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Yum China by 35.6% during the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock worth $734,150,000 after purchasing an additional 3,704,756 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in Yum China in the fourth quarter valued at $66,524,000. Finally, Northern Trust Corp boosted its stake in shares of Yum China by 198.3% during the fourth quarter. Northern Trust Corp now owns 1,905,179 shares of the company's stock worth $91,772,000 after buying an additional 1,266,530 shares during the period. Hedge funds and other institutional investors own 85.58% of the company's stock.

Yum China Price Performance

Shares of YUMC stock traded up $0.17 during trading hours on Friday, hitting $44.75. The company's stock had a trading volume of 1,398,449 shares, compared to its average volume of 2,148,282. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.69 and a beta of 0.22. The business has a fifty day moving average of $46.01 and a 200-day moving average of $46.34. Yum China has a twelve month low of $33.33 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.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share (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 firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm's quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The business also recently declared 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 2nd. Yum China's payout ratio is 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.