Yum China (NYSE:YUMC) Shares Bought by Citigroup Inc.

Key Points

• Citigroup Inc. increased its holdings in Yum China by 143.2% in Q1, owning 955,259 shares worth approximately $49.73 million.
• Yum China reported an earnings per share (EPS) of $0.58 for the last quarter, slightly beating the consensus estimate, with a quarterly revenue of $2.79 billion.
• The company declared a quarterly dividend of $0.24 per share, representing an annualized dividend yield of 2.2%, set to be paid on September 23rd.

Citigroup Inc. increased its stake in shares of Yum China (NYSE:YUMC - Free Report) by 143.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 955,259 shares of the company's stock after purchasing an additional 562,420 shares during the period. Citigroup Inc. owned approximately 0.25% of Yum China worth $49,731,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Yum China by 1.3% in the first quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company's stock worth $796,723,000 after purchasing an additional 200,938 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Yum China by 35.6% in the first quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock worth $734,150,000 after purchasing an additional 3,704,756 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Yum China by 6,304.9% in the first 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 last quarter. Royal Bank of Canada grew its holdings in Yum China by 4.5% during the 4th quarter. Royal Bank of Canada now owns 10,361,804 shares of the company's stock worth $499,127,000 after acquiring an additional 448,188 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted 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 valued at $217,887,000 after buying an additional 56,288 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors.

Yum China Stock Performance

Shares of Yum China stock traded up $0.34 during midday trading on Tuesday, hitting $44.74. The company had a trading volume of 1,235,395 shares, compared to its average volume of 1,815,359. Yum China has a 12-month low of $32.67 and a 12-month high of $53.99. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.68 and a beta of 0.27. The company has a fifty day simple moving average of $45.59 and a 200 day simple moving average of $46.51.

Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The business 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 14.10%. The business's revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. As a group, analysts predict that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors 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 2.1%. Yum China's dividend payout ratio (DPR) 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.