Lazard Asset Management LLC Sells 151,437 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Lazard Asset Management LLC lessened its position in Yum China Holdings, Inc. (NYSE:YUMC) by 21.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 571,000 shares of the company’s stock after selling 151,437 shares during the period. Lazard Asset Management LLC owned about 0.15% of Yum China worth $22,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of YUMC. GUARDCAP ASSET MANAGEMENT Ltd raised its stake in Yum China by 38.4% in the 1st quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 12,223,942 shares of the company’s stock worth $486,391,000 after purchasing an additional 3,389,987 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in shares of Yum China in the 1st quarter valued at approximately $201,000. LRI Investments LLC acquired a new position in shares of Yum China in the 1st quarter valued at approximately $36,000. Quadrature Capital Ltd raised its position in shares of Yum China by 305.9% in the 1st quarter. Quadrature Capital Ltd now owns 53,804 shares of the company’s stock valued at $2,141,000 after buying an additional 40,549 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Yum China by 40.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 987,725 shares of the company’s stock valued at $39,302,000 after buying an additional 286,307 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Yum China Price Performance

Shares of NYSE:YUMC opened at $30.00 on Monday. The firm has a 50 day moving average of $32.97 and a 200-day moving average of $36.83. The stock has a market capitalization of $11.69 billion, a PE ratio of 15.08, a PEG ratio of 1.27 and a beta of 0.33. The company has a current ratio of 1.39, a quick ratio of 1.24 and a debt-to-equity ratio of 0.28. Yum China Holdings, Inc. has a 12 month low of $29.02 and a 12 month high of $61.99.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. Yum China had a net margin of 7.49% and a return on equity of 11.90%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. On average, equities research analysts predict that Yum China Holdings, Inc. will post 2.16 EPS for the current fiscal year.

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.