AQR Capital Management LLC Sells 29,058 Shares of Yum China $YUMC

Key Points

• AQR Capital Management LLC has reduced its stake in Yum China by 7%, selling 29,058 shares and owning 386,628 shares worth approximately $19.9 million.
• Yum China's quarterly earnings showed a profit of $0.58 per share, surpassing estimates, and a revenue of $2.79 billion, which was slightly below expectations, indicating a year-over-year revenue growth of 4%.
• The company declared a $0.24 quarterly dividend with a yield of 2.1%, to be paid on September 23rd, reflecting its strong financial standing with a payout ratio of 39.67%.

AQR Capital Management LLC lessened its position in shares of Yum China (NYSE:YUMC - Free Report) by 7.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 386,628 shares of the company's stock after selling 29,058 shares during the quarter. AQR Capital Management LLC owned approximately 0.10% of Yum China worth $19,915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of YUMC. Ameriprise Financial Inc. grew its holdings in shares of Yum China by 74.3% during the 4th quarter. Ameriprise Financial Inc. now owns 461,597 shares of the company's stock worth $22,235,000 after purchasing an additional 196,815 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Yum China by 6.2% during the 4th quarter. Baird Financial Group Inc. now owns 15,732 shares of the company's stock worth $758,000 after purchasing an additional 924 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Yum China by 23.6% during the 4th quarter. Cetera Investment Advisers now owns 23,316 shares of the company's stock worth $1,123,000 after purchasing an additional 4,445 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Yum China during the 4th quarter worth approximately $213,000. Finally, Ethic Inc. grew its holdings in shares of Yum China by 25.4% during the 4th quarter. Ethic Inc. now owns 20,854 shares of the company's stock worth $1,005,000 after purchasing an additional 4,225 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Price Performance

YUMC stock traded up $0.71 during trading on Thursday, hitting $45.07. The company had a trading volume of 1,486,875 shares, compared to its average volume of 2,541,406. The company has a fifty day moving average price of $45.95 and a two-hundred day moving average price of $46.17. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01. The company has a market cap of $16.62 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.67 and a beta of 0.22. Yum China has a fifty-two week low of $33.61 and a fifty-two week 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 the consensus estimate of $0.57 by $0.01. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. Yum China had a return on equity of 14.13% and a net margin of 8.04%.Yum China's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. Equities research analysts expect that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 2nd will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.1%. Yum China's payout ratio is currently 39.67%.

Yum China 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.