Woodline Partners LP Has $5.34 Million Stake in Yum China $YUMC

Key Points

• Woodline Partners LP sold 140,617 shares of Yum China, reducing its stake by 57.8%, and now holds 102,563 shares valued at approximately $5.34 million.
• JPMorgan Chase & Co. significantly increased its stake in Yum China by 29.7%, owning nearly 24 million shares valued at about $1.25 billion.
• Yum China reported a Q2 earnings per share (EPS) of $0.58, exceeding analysts' estimates and marking a 4.0% increase in quarterly revenue year-over-year.

Woodline Partners LP lessened its stake in shares of Yum China (NYSE:YUMC - Free Report) by 57.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,563 shares of the company's stock after selling 140,617 shares during the period. Woodline Partners LP's holdings in Yum China were worth $5,339,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in YUMC. Mirae Asset Global Investments Co. Ltd. increased its stake in Yum China by 6,304.9% during 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 acquiring an additional 11,346,069 shares during the period. JPMorgan Chase & Co. increased its stake in Yum China by 29.7% during the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock worth $1,248,709,000 after acquiring an additional 5,485,735 shares during the period. 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 valued at $734,150,000 after purchasing an additional 3,704,756 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Yum China by 416.7% in the 1st quarter. Vontobel Holding Ltd. now owns 1,435,098 shares of the company's stock valued at $74,711,000 after purchasing an additional 1,157,340 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Yum China in the 4th quarter valued at $46,445,000. Institutional investors own 85.58% of the company's stock.

Yum China Price Performance

Shares of YUMC stock traded down $0.35 during trading hours on Monday, reaching $43.63. The company's stock had a trading volume of 1,135,969 shares, compared to its average volume of 2,057,662. The firm's 50 day simple moving average is $45.82 and its 200-day simple moving average is $46.04. The company has a market capitalization of $16.09 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.66 and a beta of 0.22. Yum China has a fifty-two week low of $34.14 and a fifty-two 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.

Yum China (NYSE:YUMC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share 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 firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the business posted $0.55 EPS. The company'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 year.

Yum China Dividend Announcement

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 issued 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 dividend yield of 2.2%. Yum China's dividend payout ratio (DPR) 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.