Yum China $YUMC Position Reduced by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC significantly reduced its stake in Yum China, decreasing ownership by 89.5% in the second quarter, resulting in holdings of 569,715 shares.
• Yum China reported earnings of $0.58 per share for the last quarter, slightly exceeding analyst expectations, while revenue was $2.79 billion, reflecting a 4.0% year-over-year increase.
• The company declared a quarterly dividend of $0.24 per share, marking a 2.2% yield, with an annualized dividend payout ratio of 39.67%.

William Blair Investment Management LLC decreased its position in shares of Yum China (NYSE:YUMC - Free Report) by 89.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 569,715 shares of the company's stock after selling 4,853,287 shares during the period. William Blair Investment Management LLC owned 0.15% of Yum China worth $25,492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in YUMC. Hughes Financial Services LLC bought a new stake in Yum China during the first quarter worth approximately $29,000. SouthState Corp increased its holdings in shares of Yum China by 4,915.4% in the first quarter. SouthState Corp now owns 652 shares of the company's stock valued at $34,000 after buying an additional 639 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Yum China in the second quarter valued at $36,000. Goodman Advisory Group LLC bought a new position in shares of Yum China in the first quarter valued at $41,000. Finally, Cheviot Value Management LLC bought a new position in shares of Yum China in the first quarter valued at $42,000. Institutional investors own 85.58% of the company's stock.

Yum China Price Performance

NYSE YUMC opened at $43.77 on Monday. The stock has a market capitalization of $15.92 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.63 and a beta of 0.18. Yum China has a 1 year low of $41.00 and a 1 year high of $53.99. The business's fifty day moving average is $44.03 and its two-hundred day moving average is $44.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39.

Yum China (NYSE:YUMC - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the business earned $0.55 EPS. The company's revenue was up 4.0% on a year-over-year basis. On average, research analysts forecast that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum China's payout ratio is 39.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Yum China in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Yum China currently has a consensus rating of "Buy" and an average price target of $60.00.

About Yum China

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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