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Prospera Financial Services Inc lessened its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC – Get Rating) by 39.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,899 shares of the company’s stock after selling 1,876 shares during the quarter. Prospera Financial Services Inc’s holdings in Yum China were worth $121,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in YUMC. Norges Bank bought a new position in shares of Yum China during the 4th quarter worth about $207,251,000. Schroder Investment Management Group lifted its position in Yum China by 20.9% in the 4th quarter. Schroder Investment Management Group now owns 15,105,830 shares of the company’s stock valued at $2,411,100,000 after acquiring an additional 2,608,921 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Yum China by 5.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 16,754,158 shares of the company’s stock valued at $835,029,000 after acquiring an additional 914,384 shares in the last quarter. Millennium Management LLC lifted its position in Yum China by 239.3% in the 4th quarter. Millennium Management LLC now owns 1,264,986 shares of the company’s stock valued at $63,032,000 after acquiring an additional 892,194 shares in the last quarter. Finally, Somerset Capital Management LLP lifted its position in Yum China by 20.9% in the 4th quarter. Somerset Capital Management LLP now owns 3,451,900 shares of the company’s stock valued at $171,505,000 after acquiring an additional 596,400 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.
Yum China Price Performance
Shares of NYSE YUMC opened at $48.13 on Friday. Yum China Holdings, Inc. has a fifty-two week low of $33.55 and a fifty-two week high of $63.45. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 6.86 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.88 and a current ratio of 2.05. The firm’s 50-day simple moving average is $45.53 and its 200 day simple moving average is $44.80.
Yum China (NYSE:YUMC – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). Yum China had a net margin of 7.90% and a return on equity of 3.91%. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the business posted $0.54 EPS. Yum China’s revenue was up 4.3% compared to the same quarter last year. As a group, research analysts anticipate that Yum China Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.
Yum China Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $0.48 annualized dividend and a yield of 1.00%. Yum China’s dividend payout ratio (DPR) is 27.12%.
About Yum China
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Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates through two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, Lavazza, COFFii & JOY, Taco Bell, and East Dawning brands, which specialize in chicken, pizza, hot pot cooking, simmer pot, Italian coffee, specialty coffee, Mexican-style food, and Chinese food categories.
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