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 trimmed its stake in Yum China (NYSE:YUMC - Free Report) by 28.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in YUMC. GeoWealth Management LLC raised its position in Yum China by 689.6% in the fourth quarter. GeoWealth Management LLC now owns 529 shares of the company's stock worth $25,000 after acquiring an additional 462 shares during the period. Hughes Financial Services LLC purchased a new stake in shares of Yum China in the 1st quarter valued at $29,000. SouthState Corp boosted its position in Yum China by 4,915.4% during the 1st quarter. SouthState Corp now owns 652 shares of the company's stock valued at $34,000 after buying an additional 639 shares during the period. CX Institutional bought a new position in shares of Yum China in the 1st quarter worth about $37,000. Finally, Goodman Advisory Group LLC bought a new stake in Yum China during the 1st quarter valued at about $41,000. Institutional investors own 85.58% of the company's stock.

Yum China Stock Performance

Shares of NYSE YUMC traded down $0.50 during trading on Tuesday, reaching $46.53. 1,024,301 shares of the company traded hands, compared to its average volume of 2,547,255. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $17.16 billion, a PE ratio of 19.22, a P/E/G ratio of 1.73 and a beta of 0.27. The firm has a 50 day simple moving average of $45.83 and a 200-day simple moving average of $46.43. Yum China has a 52-week low of $32.85 and a 52-week high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter last year, the business posted $0.55 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Yum China will post 2.54 earnings per share for the current year.

Yum China Dividend Announcement

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