Temasek Holdings Private Ltd Sells 552,500 Shares of Yum China $YUMC

Key Points

• Temasek Holdings has reduced its stake in Yum China by 16.2% during the 1st quarter, owning approximately 0.76% of the company after selling 552,500 shares.
• The company reported earnings of $0.58 per share for the last quarter, exceeding analysts' expectations of $0.57, with a revenue of $2.79 billion.
• Yum China announced a quarterly dividend of $0.24 per share, representing a dividend yield of 2.1% and a payout ratio of 39.67%.

Temasek Holdings Private Ltd lessened its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 16.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,853,670 shares of the company's stock after selling 552,500 shares during the quarter. Temasek Holdings Private Ltd owned about 0.76% of Yum China worth $148,562,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Yum China by 6,304.9% during 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 purchasing an additional 11,346,069 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Yum China by 29.7% during the 1st 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. lifted its holdings in Yum China by 35.6% during the 1st 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. Vontobel Holding Ltd. lifted its holdings in Yum China by 416.7% during the 1st quarter. Vontobel Holding Ltd. now owns 1,435,098 shares of the company's stock worth $74,711,000 after purchasing an additional 1,157,340 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Yum China in the fourth quarter worth approximately $46,445,000. Institutional investors own 85.58% of the company's stock.

Yum China Price Performance

YUMC stock traded up $0.30 during mid-day trading on Wednesday, hitting $44.45. 1,533,211 shares of the stock were exchanged, compared to its average volume of 2,547,537. The business has a fifty day moving average price of $45.95 and a 200 day moving average price of $46.17. Yum China has a 12 month low of $33.61 and a 12 month high of $53.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.67 and a beta of 0.22.

Yum China (NYSE:YUMC - Get Free Report) last posted 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. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. Yum China had a return on equity of 14.13% and a net margin of 8.04%.Yum China's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. On average, sell-side analysts anticipate that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd will be paid a $0.24 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. 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.