USS Investment Management Ltd Has $11.31 Million Stake in Yum China $YUMC

Key Points

• USS Investment Management Ltd reduced its stake in Yum China by 69.6%, owning approximately $11.31 million worth of shares after selling a substantial amount in the first quarter.
• Yum China has reported $0.58 earnings per share for the latest quarter, exceeding estimates by $0.01, and experienced a year-over-year revenue growth of 4.0%.
• The company recently announced a quarterly dividend of $0.24 per share, which reflects a 2.1% dividend yield with a payout ratio of approximately 39.67%.

USS Investment Management Ltd trimmed its stake in Yum China (NYSE:YUMC - Free Report) by 69.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,045 shares of the company's stock after selling 497,673 shares during the period. USS Investment Management Ltd owned about 0.06% of Yum China worth $11,307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hughes Financial Services LLC bought a new position in shares of Yum China during the 1st quarter worth about $29,000. SouthState Corp lifted its stake in Yum China by 4,915.4% in the first quarter. SouthState Corp now owns 652 shares of the company's stock valued at $34,000 after buying an additional 639 shares in the last quarter. CX Institutional bought a new position in Yum China in the first quarter valued at approximately $37,000. Goodman Advisory Group LLC bought a new position in Yum China in the first quarter valued at approximately $41,000. Finally, Cheviot Value Management LLC bought a new position in Yum China in the first quarter valued at approximately $42,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Stock Performance

Shares of YUMC stock opened at $44.88 on Monday. The company's fifty day simple moving average is $46.02 and its 200-day simple moving average is $46.21. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The firm has a market cap of $16.55 billion, a PE ratio of 18.55, a P/E/G ratio of 1.69 and a beta of 0.22. Yum China has a 12 month low of $33.50 and a 12 month high of $53.99.

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. 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 analyst estimates of $2.80 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The company's quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts expect that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors 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 2.1%. Yum China's dividend 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.

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