Yum China (NYSE:YUMC) Shares Bought by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. increased its stake in Yum China by 29.7%, owning approximately 6.40% of the company with a value of over $1.24 billion after acquiring additional shares.
• The company reported $0.58 EPS for the latest quarter, exceeding estimates, with revenue up by 4.0% year-over-year despite missing analyst expectations slightly.
• Yum China declared a quarterly dividend of $0.24 per share, translating to an annualized dividend yield of 2.2%, with a payout ratio of 39.67%.

JPMorgan Chase & Co. raised its stake in Yum China (NYSE:YUMC - Free Report) by 29.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,985,966 shares of the company's stock after acquiring an additional 5,485,735 shares during the quarter. JPMorgan Chase & Co. owned approximately 6.40% of Yum China worth $1,248,709,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of Yum China by 4,967.3% during the 1st quarter. GAMMA Investing LLC now owns 98,914 shares of the company's stock worth $5,149,000 after buying an additional 96,962 shares during the period. Principal Financial Group Inc. raised its stake in shares of Yum China by 35.6% during the 1st 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 during the period. AXA S.A. raised its stake in shares of Yum China by 34.4% during the 4th quarter. AXA S.A. now owns 31,286 shares of the company's stock worth $1,507,000 after buying an additional 8,016 shares during the period. Sarasin & Partners LLP acquired a new position in shares of Yum China during the 1st quarter worth approximately $2,863,000. Finally, Summit Trail Advisors LLC raised its stake in shares of Yum China by 255.9% during the 1st quarter. Summit Trail Advisors LLC now owns 45,540 shares of the company's stock worth $2,371,000 after buying an additional 32,745 shares during the period. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Trading Down 2.7%

Shares of YUMC stock opened at $44.59 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 1.11. Yum China has a 1-year low of $32.67 and a 1-year high of $53.99. The company has a market cap of $16.56 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.69 and a beta of 0.27. The stock has a 50 day simple moving average of $45.56 and a 200-day simple moving average of $46.52.

Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly 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 14.10% and a net margin of 8.04%. The firm 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 for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Announces Dividend

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

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