E Fund Management Co. Ltd. Lowers Holdings in Yum China (NYSE:YUMC)

Key Points

• E Fund Management Co. Ltd. decreased its holdings in Yum China (YUMC) by 31.0%, owning 153,800 shares worth approximately $8 million after selling 68,943 shares in the first quarter.
• Yum China's stock increased 0.8% to $44.74, with a market capitalization of $16.61 billion and a PE ratio of 18.49.
• The company announced a quarterly dividend of $0.24 per share, yielding 2.1%, payable on September 23rd to shareholders recorded as of September 2nd.

E Fund Management Co. Ltd. lessened its holdings in Yum China (NYSE:YUMC - Free Report) by 31.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,800 shares of the company's stock after selling 68,943 shares during the period. E Fund Management Co. Ltd.'s holdings in Yum China were worth $8,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in YUMC. Snowden Capital Advisors LLC lifted its stake in shares of Yum China by 5.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 4,726 shares of the company's stock valued at $228,000 after buying an additional 261 shares in the last quarter. Merit Financial Group LLC lifted its stake in shares of Yum China by 4.9% during the 1st quarter. Merit Financial Group LLC now owns 7,006 shares of the company's stock valued at $365,000 after buying an additional 330 shares in the last quarter. Applied Capital LLC FL lifted its stake in shares of Yum China by 1.9% during the 1st quarter. Applied Capital LLC FL now owns 18,483 shares of the company's stock valued at $962,000 after buying an additional 353 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Yum China by 30.5% during the 1st quarter. Spire Wealth Management now owns 1,744 shares of the company's stock valued at $91,000 after buying an additional 408 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Yum China by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 34,115 shares of the company's stock valued at $1,776,000 after buying an additional 426 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Stock Performance

Shares of YUMC stock traded down $0.81 during trading on Thursday, reaching $44.80. 1,611,791 shares of the company's stock traded hands, compared to its average volume of 1,859,803. The company has a market capitalization of $16.52 billion, a P/E ratio of 18.51, a PEG ratio of 1.72 and a beta of 0.27. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. The firm's 50-day moving average is $45.68 and its 200 day moving average is $46.50. Yum China has a 1 year low of $32.85 and a 1 year high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.80 billion. Yum China had a net margin of 8.04% and a return on equity of 14.13%. Yum China's revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS. Equities research analysts expect 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. Shareholders of record on Tuesday, September 2nd will be paid a $0.24 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.1%. Yum China's dividend payout ratio is currently 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.