Yum China (NYSE:YUMC) Shares Sold by Motley Fool Wealth Management LLC

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Yum China by 11.8%, now holding 153,677 shares valued at approximately $8 million.
• Mirae Asset Global Investments significantly increased its holdings in Yum China by 6,304.9%, now owning over 11.5 million shares, valued at $600 million.
• Yum China announced a quarterly dividend of $0.24 per share, resulting in an annual yield of 2.2%, with the ex-dividend date on September 2nd.

Motley Fool Wealth Management LLC decreased its position in Yum China (NYSE:YUMC - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,677 shares of the company's stock after selling 20,564 shares during the quarter. Motley Fool Wealth Management LLC's holdings in Yum China were worth $8,000,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position 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 valued at $600,045,000 after purchasing an additional 11,346,069 shares during the period. JPMorgan Chase & Co. boosted its position in Yum China by 29.7% during the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock valued at $1,248,709,000 after purchasing an additional 5,485,735 shares during the period. Principal Financial Group Inc. boosted its position in Yum China by 35.6% during 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 during the period. Driehaus Capital Management LLC acquired a new position in Yum China during the 4th quarter valued at approximately $66,524,000. Finally, Northern Trust Corp boosted its position in Yum China by 198.3% during the 4th quarter. Northern Trust Corp now owns 1,905,179 shares of the company's stock valued at $91,772,000 after purchasing an additional 1,266,530 shares during the period. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Trading Down 2.7%

NYSE:YUMC opened at $44.59 on Monday. Yum China has a 12-month low of $32.67 and a 12-month high of $53.99. The firm has a market capitalization of $16.56 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.68 and a beta of 0.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 1.11. The business has a 50 day simple moving average of $45.56 and a 200 day simple moving average of $46.53.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Yum China had a return on equity of 14.10% and a net margin of 8.04%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts predict that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

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