Credit Agricole S A Has $6.09 Million Stock Holdings in Yum China $YUMC

Key Points

• Credit Agricole S A has increased its stake in Yum China by 13.5%, now holding 116,992 shares valued at over $6.09 million.
• Yum China reported a quarterly earnings per share (EPS) of $0.58, surpassing estimates of $0.57, while its revenue was $2.79 billion.
• The company announced a quarterly dividend of $0.24 per share, reflecting a 2.1% dividend yield for shareholders.

Credit Agricole S A grew its stake in shares of Yum China (NYSE:YUMC - Free Report) by 13.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 116,992 shares of the company's stock after acquiring an additional 13,928 shares during the quarter. Credit Agricole S A's holdings in Yum China were worth $6,091,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Yum China by 29.7% during the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock worth $1,248,709,000 after acquiring an additional 5,485,735 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Yum China by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company's stock valued at $796,723,000 after purchasing an additional 200,938 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Yum China by 35.6% in 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 last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Yum China by 6,304.9% in 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 last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Yum China by 4.5% during the 4th quarter. Royal Bank of Canada now owns 10,361,804 shares of the company's stock worth $499,127,000 after buying an additional 448,188 shares in the last quarter. Institutional investors own 85.58% of the company's stock.

Yum China Price Performance

NYSE YUMC traded down $0.07 during trading on Thursday, hitting $44.53. 380,513 shares of the company's stock were exchanged, compared to its average volume of 2,558,851. The company has a market cap of $16.42 billion, a PE ratio of 18.40, a P/E/G ratio of 1.75 and a beta of 0.27. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01. Yum China has a fifty-two week low of $33.33 and a fifty-two week high of $53.99. The stock's 50 day moving average price is $45.93 and its two-hundred day moving average price is $46.41.

Yum China (NYSE:YUMC - Get Free Report) last posted its 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. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the company earned $0.55 earnings per share. The business's quarterly revenue was up 4.0% on a year-over-year basis. Research analysts expect that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The business also recently disclosed 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. Yum China's payout ratio is currently 39.67%.

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.