Yum China $YUMC Shares Sold by Erste Asset Management GmbH

Key Points

• Erste Asset Management has reduced its stake in Yum China by 28.2%, now holding 127,056 shares valued at approximately $6.7 million.
• Other institutional investors, such as JPMorgan Chase & Co. and GAMMA Investing LLC, have significantly increased their holdings in Yum China during the same quarter.
• Yum China recently reported earnings of $0.58 per share, exceeding expectations, and declared a quarterly dividend of $0.24 per share, yielding 2.2% annually.

Erste Asset Management GmbH lowered its position in Yum China (NYSE:YUMC - Free Report) by 28.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,056 shares of the company's stock after selling 50,000 shares during the quarter. Erste Asset Management GmbH's holdings in Yum China were worth $6,705,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Yum China by 29.7% in the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock worth $1,248,709,000 after buying an additional 5,485,735 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Yum China by 4,967.3% in the 1st quarter. GAMMA Investing LLC now owns 98,914 shares of the company's stock worth $5,149,000 after buying an additional 96,962 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Yum China by 35.6% in the 1st quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock worth $734,150,000 after buying an additional 3,704,756 shares in the last quarter. AXA S.A. lifted its holdings in Yum China by 34.4% in the 4th quarter. AXA S.A. now owns 31,286 shares of the company's stock worth $1,507,000 after buying an additional 8,016 shares in the last quarter. Finally, Sarasin & Partners LLP acquired a new position in Yum China in the 1st quarter worth $2,863,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Stock Performance

Shares of YUMC stock opened at $44.5940 on Thursday. The firm has a market capitalization of $16.44 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.68 and a beta of 0.27. The company's fifty day moving average price is $45.71 and its two-hundred day moving average price is $46.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. Yum China has a 12 month low of $32.85 and a 12 month high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, topping 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 business had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter last year, the company posted $0.55 earnings per share. The company's quarterly revenue was up 4.0% compared to the same quarter last year. On average, research analysts anticipate that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Announces Dividend

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