USS Investment Management Ltd Sells 497,673 Shares of 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 reduced its stake in Yum China (NYSE:YUMC - Free Report) by 69.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 217,045 shares of the company's stock after selling 497,673 shares during the quarter. USS Investment Management Ltd owned 0.06% of Yum China worth $11,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Yum China by 29.7% in the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock worth $1,248,709,000 after buying an additional 5,485,735 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Yum China by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company's stock worth $796,723,000 after buying an additional 200,938 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Yum China by 35.6% in the 1st quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock worth $734,150,000 after buying an additional 3,704,756 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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. Finally, Royal Bank of Canada boosted its holdings in shares of Yum China by 4.5% in the 4th quarter. Royal Bank of Canada now owns 10,361,804 shares of the company's stock worth $499,127,000 after buying an additional 448,188 shares during the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

Yum China Stock Performance

Shares of NYSE:YUMC traded down $1.19 during midday trading on Friday, reaching $43.93. The company had a trading volume of 2,276,574 shares, compared to its average volume of 2,051,790. The company's 50 day moving average price is $45.90 and its 200 day moving average price is $46.11. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01. The stock has a market cap of $16.20 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.70 and a beta of 0.22. Yum China has a 52-week low of $34.14 and a 52-week high of $53.99.

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

Yum China Announces Dividend

The company also recently disclosed 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. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 2nd. Yum China's payout ratio is currently 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.