Yum China $YUMC Shares Purchased by Oliver Luxxe Assets LLC

Key Points

• Oliver Luxxe Assets LLC increased its holdings in Yum China by 5.0%, acquiring 8,647 shares during the second quarter, bringing its total to 182,068 shares valued at approximately $8.14 million.
• Other institutional investors, including JPMorgan Chase & Co. and Principal Financial Group Inc., have also significantly increased their stakes, highlighting strong institutional interest in Yum China.
• Yum China reported a quarterly EPS of $0.58, surpassing estimates, and announced a >quarterly dividend of $0.24, reflecting a dividend yield of 2.2%.

Oliver Luxxe Assets LLC raised its position in Yum China (NYSE:YUMC - Free Report) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,068 shares of the company's stock after buying an additional 8,647 shares during the period. Yum China makes up about 1.5% of Oliver Luxxe Assets LLC's holdings, making the stock its 12th biggest holding. Oliver Luxxe Assets LLC's holdings in Yum China were worth $8,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YUMC. Quantinno Capital Management LP boosted its position in Yum China by 40.3% in the 4th quarter. Quantinno Capital Management LP now owns 14,075 shares of the company's stock valued at $678,000 after buying an additional 4,040 shares during the last quarter. Vident Advisory LLC acquired a new stake in shares of Yum China in the 4th quarter valued at about $226,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Yum China in the 4th quarter valued at about $255,000. Vise Technologies Inc. acquired a new stake in shares of Yum China in the 4th quarter valued at about $325,000. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Yum China in the 4th quarter valued at about $6,486,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Yum China Stock Down 1.4%

Shares of Yum China stock traded down $0.63 during trading on Monday, reaching $43.13. The company had a trading volume of 1,408,214 shares, compared to its average volume of 2,114,888. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.65 and a beta of 0.22. The firm's fifty day moving average is $45.47 and its 200-day moving average is $45.85. 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 has a fifty-two week low of $35.90 and a fifty-two week high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last issued its earnings results 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. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 EPS. On average, analysts anticipate that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The firm 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 dividend of $0.24 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.2%. Yum China's dividend payout ratio is 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.