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 cut its holdings in Yum China (NYSE:YUMC - Free Report) by 76.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & 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 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Hughes Financial Services LLC bought a new stake in Yum China during the 1st quarter valued at $29,000. SouthState Corp grew its position in shares of Yum China by 4,915.4% during the 1st quarter. SouthState Corp now owns 652 shares of the company's stock valued at $34,000 after purchasing an additional 639 shares in the last quarter. CX Institutional purchased a new position in shares of Yum China during the 1st quarter valued at $37,000. Goodman Advisory Group LLC purchased a new position in shares of Yum China during the 1st quarter valued at $41,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Yum China during the 1st quarter valued at $42,000. 85.58% of the stock is owned by institutional investors.

Yum China Price Performance

Shares of NYSE YUMC traded up $0.65 during mid-day trading on Wednesday, reaching $45.18. 980,457 shares of the company were exchanged, compared to its average volume of 2,520,444. Yum China has a 52 week low of $34.70 and a 52 week high of $53.99. 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 stock has a market capitalization of $16.66 billion, a PE ratio of 18.68, a PEG ratio of 1.64 and a beta of 0.22. The company's 50 day moving average price is $45.76 and its 200 day moving average price is $46.03.

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

Yum China Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, September 2nd. Yum China's dividend payout ratio (DPR) is presently 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.