WBI Investments LLC Sells 20,091 Shares of Yum China $YUMC

Key Points

• WBI Investments LLC reduced its holdings in Yum China by 76.2%, selling 20,091 shares, and now owns 6,274 shares valued at approximately $327,000.
• Yum China reported $0.58 earnings per share for the latest quarter, exceeding analysts' estimates, but its revenue of $2.79 billion fell slightly short of expectations.
• The company announced a quarterly dividend of $0.24 per share, yielding 2.1%, with the payment date set for September 23rd.

WBI Investments LLC trimmed its holdings in Yum China (NYSE:YUMC - Free Report) by 76.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,274 shares of the company's stock after selling 20,091 shares during the period. WBI Investments LLC's holdings in Yum China were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of YUMC. JPMorgan Chase & Co. boosted its holdings in Yum China by 29.7% in the 1st 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. Vanguard Group Inc. raised its position in shares of Yum China by 1.3% in the first 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 in the last quarter. Principal Financial Group Inc. grew its position in 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 buying an additional 3,704,756 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Yum China by 6,304.9% during the first 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 in the last quarter. Finally, Royal Bank of Canada grew its position in Yum China by 4.5% during the fourth 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 in the last quarter. Institutional investors own 85.58% of the company's stock.

Yum China Price Performance

Yum China stock traded down $0.35 during midday trading on Monday, hitting $43.63. 1,135,969 shares of the company's stock were exchanged, compared to its average volume of 2,531,862. Yum China has a 52-week low of $34.14 and a 52-week high of $53.99. The stock has a 50-day moving average price of $45.90 and a two-hundred day moving average price of $46.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39. The company has a market cap of $16.09 billion, a P/E ratio of 18.03, a PEG ratio of 1.66 and a beta of 0.22.

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

Yum China Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.2%. Yum China's payout ratio is 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.