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 reduced its stake in shares of Yum China (NYSE:YUMC - Free Report) by 57.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,563 shares of the company's stock after selling 140,617 shares during the quarter. Woodline Partners LP's holdings in Yum China were worth $5,339,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of YUMC. Okabena Investment Services Inc. raised its holdings in Yum China by 0.5% in the first quarter. Okabena Investment Services Inc. now owns 50,003 shares of the company's stock worth $2,603,000 after purchasing an additional 226 shares during the period. Snowden Capital Advisors LLC raised its holdings in Yum China by 5.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 4,726 shares of the company's stock worth $228,000 after purchasing an additional 261 shares during the period. Focus Partners Advisor Solutions LLC raised its holdings in Yum China by 5.0% in the first quarter. Focus Partners Advisor Solutions LLC now owns 5,555 shares of the company's stock worth $289,000 after purchasing an additional 263 shares during the period. Merit Financial Group LLC raised its holdings in Yum China by 4.9% in the first quarter. Merit Financial Group LLC now owns 7,006 shares of the company's stock worth $365,000 after purchasing an additional 330 shares during the period. Finally, Applied Capital LLC FL raised its holdings in Yum China by 1.9% in the first quarter. Applied Capital LLC FL now owns 18,483 shares of the company's stock worth $962,000 after purchasing an additional 353 shares during the period. 85.58% of the stock is owned by institutional investors.

Yum China Trading Down 3.0%

YUMC traded down $1.33 during mid-day trading on Thursday, hitting $43.36. The stock had a trading volume of 867,966 shares, compared to its average volume of 2,521,099. The stock's fifty day simple moving average is $45.71 and its 200-day simple moving average is $46.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.68 and a beta of 0.22. Yum China has a 1-year low of $35.15 and a 1-year high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 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 business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the business posted $0.55 earnings per share. The firm's quarterly revenue was up 4.0% on a year-over-year basis. As a group, research analysts forecast that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

The business 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 2nd. Yum China's dividend payout ratio (DPR) is presently 39.67%.

Yum China Company 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.