Wellington Management Group LLP Sells 581,115 Shares of Yum China $YUMC

Key Points

• Wellington Management Group LLP has reduced its stake in Yum China by 12.7%, now holding approximately 3.99 million shares valued at $208.19 million, making up about 1.07% of the company.
• Yum China reported a quarterly EPS of $0.58, beating consensus estimates, with a revenue of $2.79 billion, up 4.0% year-over-year.
• The company declared a quarterly dividend of $0.24 per share, with an annualized yield of 2.2% and a payout ratio of 39.67%.

Wellington Management Group LLP reduced its stake in shares of Yum China (NYSE:YUMC - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,999,315 shares of the company's stock after selling 581,115 shares during the quarter. Wellington Management Group LLP owned 1.07% of Yum China worth $208,192,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GeoWealth Management LLC raised its stake in shares of Yum China by 689.6% in the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after buying an additional 462 shares in the last quarter. Hughes Financial Services LLC acquired a new position in shares of Yum China in the 1st quarter valued at $29,000. SouthState Corp raised its stake in shares of Yum China by 4,915.4% in the 1st 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 acquired a new position in shares of Yum China in the 1st quarter valued at $37,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Yum China in the 1st quarter worth about $41,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Price Performance

Shares of YUMC traded down $0.59 during trading hours on Tuesday, hitting $46.44. The stock had a trading volume of 7,018,424 shares, compared to its average volume of 1,882,667. The company's fifty day moving average is $45.90 and its two-hundred day moving average is $46.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. Yum China has a 52 week low of $32.85 and a 52 week high of $53.99. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.77 and a beta of 0.27.

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

Yum China Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd will be issued a $0.24 dividend. The ex-dividend date of this dividend 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 presently 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.