Canada Pension Plan Investment Board Invests $5.75 Million in Yum China $YUMC

Key Points

• The Canada Pension Plan Investment Board acquired a new stake in Yum China by purchasing 110,400 shares valued at approximately $5.7 million during the 1st quarter.
• Yum China reported quarterly earnings of $0.58 per share, exceeding expectations, with a revenue of $2.79 billion, slightly below analyst estimates.
• The company declared a quarterly dividend of $0.24 per share, resulting in an annualized dividend yield of 2.2%, to be paid on September 23rd.

Canada Pension Plan Investment Board bought a new position in Yum China (NYSE:YUMC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 110,400 shares of the company's stock, valued at approximately $5,747,000.

Several other hedge funds also recently bought and sold shares of YUMC. Okabena Investment Services Inc. lifted its stake in Yum China by 0.5% in the 1st quarter. Okabena Investment Services Inc. now owns 50,003 shares of the company's stock worth $2,603,000 after purchasing an additional 226 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in Yum China by 5.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 4,726 shares of the company's stock worth $228,000 after purchasing an additional 261 shares in the last quarter. Merit Financial Group LLC lifted its stake in Yum China by 4.9% in the 1st quarter. Merit Financial Group LLC now owns 7,006 shares of the company's stock worth $365,000 after purchasing an additional 330 shares in the last quarter. Applied Capital LLC FL lifted its stake in Yum China by 1.9% in the 1st quarter. Applied Capital LLC FL now owns 18,483 shares of the company's stock worth $962,000 after purchasing an additional 353 shares in the last quarter. Finally, Spire Wealth Management raised its position in shares of Yum China by 30.5% during the 1st quarter. Spire Wealth Management now owns 1,744 shares of the company's stock valued at $91,000 after buying an additional 408 shares in the last quarter. Institutional investors own 85.58% of the company's stock.

Yum China Price Performance

Shares of NYSE YUMC traded up $0.18 during mid-day trading on Friday, hitting $44.88. 1,316,907 shares of the company's stock traded hands, compared to its average volume of 2,053,333. The company's 50-day moving average is $46.02 and its two-hundred day moving average is $46.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.39 and a quick ratio of 1.22. The company has a market capitalization of $16.55 billion, a P/E ratio of 18.55, a PEG ratio of 1.69 and a beta of 0.22. Yum China has a 1 year low of $33.50 and a 1 year high of $53.99.

Yum China (NYSE:YUMC - Get Free Report) last announced its earnings results 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. The firm had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.80 billion. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The business's revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. On average, equities analysts anticipate that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders 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 is Tuesday, September 2nd. Yum China's dividend payout ratio is currently 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.