Pictet North America Advisors SA Sells 55,304 Shares of Yum China $YUMC

Pictet North America Advisors SA lessened its stake in shares of Yum China (NYSE:YUMC) by 10.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 474,848 shares of the company’s stock after selling 55,304 shares during the period. Yum China accounts for 2.1% of Pictet North America Advisors SA’s holdings, making the stock its 16th biggest position. Pictet North America Advisors SA’s holdings in Yum China were worth $21,149,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB grew its holdings in Yum China by 26.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,052 shares of the company’s stock valued at $47,000 after purchasing an additional 222 shares during the period. Okabena Investment Services Inc. boosted its stake in shares of Yum China by 0.5% in the first quarter. Okabena Investment Services Inc. now owns 50,003 shares of the company’s stock worth $2,603,000 after acquiring an additional 226 shares during the period. Focus Partners Advisor Solutions LLC boosted its stake in shares of Yum China by 5.0% in the first quarter. Focus Partners Advisor Solutions LLC now owns 5,555 shares of the company’s stock worth $289,000 after acquiring an additional 263 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Yum China by 2.6% in the second quarter. Assenagon Asset Management S.A. now owns 12,145 shares of the company’s stock worth $543,000 after acquiring an additional 307 shares during the period. Finally, Merit Financial Group LLC boosted its stake in shares of Yum China by 4.9% in the first quarter. Merit Financial Group LLC now owns 7,006 shares of the company’s stock worth $365,000 after acquiring an additional 330 shares during the period. Institutional investors own 85.58% of the company’s stock.

Yum China Price Performance

Shares of Yum China stock opened at $43.13 on Tuesday. 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 12 month low of $35.90 and a 12 month high of $53.99. The stock has a 50 day moving average of $45.47 and a 200 day moving average of $45.85. The firm has a market cap of $15.90 billion, a PE ratio of 17.82, a PEG ratio of 1.65 and a beta of 0.22.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. On average, research analysts expect that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. Yum China’s payout ratio is presently 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.