Yum China $YUMC Position Trimmed by Ashoka WhiteOak Capital Pte Ltd

Ashoka WhiteOak Capital Pte Ltd trimmed its holdings in shares of Yum China (NYSE:YUMC) by 13.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,150 shares of the company’s stock after selling 4,320 shares during the period. Yum China accounts for 0.6% of Ashoka WhiteOak Capital Pte Ltd’s portfolio, making the stock its 11th biggest position. Ashoka WhiteOak Capital Pte Ltd’s holdings in Yum China were worth $1,269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of YUMC. JPMorgan Chase & Co. raised its stake in Yum China by 29.7% during the first quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company’s stock worth $1,248,709,000 after acquiring an additional 5,485,735 shares during the period. Vanguard Group Inc. boosted its stake in Yum China by 1.3% in the first quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company’s stock valued at $796,723,000 after acquiring an additional 200,938 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Yum China by 35.6% during the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company’s stock valued at $734,150,000 after purchasing an additional 3,704,756 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Yum China by 6,304.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,526,026 shares of the company’s stock worth $600,045,000 after purchasing an additional 11,346,069 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Yum China by 1.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,185,305 shares of the company’s stock worth $217,887,000 after purchasing an additional 56,288 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Price Performance

Shares of YUMC opened at $42.88 on Friday. The company has a market cap of $15.81 billion, a P/E ratio of 17.72, a PEG ratio of 1.63 and a beta of 0.22. The stock has a fifty day moving average price of $45.21 and a 200 day moving average price of $45.76. 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 $41.00 and a 12 month high of $53.99.

Yum China (NYSE:YUMC) last posted 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 company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. On average, research analysts forecast that Yum China will post 2.54 earnings per share for the current year.

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd were given a $0.24 dividend. The ex-dividend date was 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%.

About Yum China

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.