Korea Investment CORP Increases Position in Yum China $YUMC

Key Points

• Korea Investment CORP increased its stake in Yum China by 6.4%, owning approximately $16.49 million worth of stock after purchasing an additional 19,000 shares.
• Other institutional investors, such as JPMorgan Chase and Vanguard Group, also increased their holdings significantly, with JPMorgan owning about $1.25 billion worth of shares after raising its stake by 29.7%.
• Yum China recently announced a quarterly dividend of $0.24 per share with an annual yield of 2.2%, reflecting a 39.67% payout ratio.

Korea Investment CORP increased its holdings in shares of Yum China (NYSE:YUMC - Free Report) by 6.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 316,719 shares of the company's stock after purchasing an additional 19,000 shares during the period. Korea Investment CORP owned 0.08% of Yum China worth $16,488,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Yum China by 29.7% during the 1st quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company's stock worth $1,248,709,000 after purchasing an additional 5,485,735 shares during the period. Vanguard Group Inc. lifted its stake in shares of Yum China by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company's stock worth $796,723,000 after acquiring an additional 200,938 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Yum China by 35.6% in the 1st quarter. Principal Financial Group Inc. now owns 14,102,077 shares of the company's stock worth $734,150,000 after acquiring an additional 3,704,756 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Yum China by 6,304.9% in 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 acquiring an additional 11,346,069 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Yum China by 4.5% in 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 during the period. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Stock Performance

Shares of YUMC stock traded down $0.59 during mid-day trading on Tuesday, hitting $46.44. The stock had a trading volume of 7,018,424 shares, compared to its average volume of 1,882,667. Yum China has a fifty-two week low of $32.85 and a fifty-two week high of $53.99. The firm has a market cap of $17.12 billion, a PE ratio of 19.19, a PEG ratio of 1.77 and a beta of 0.27. 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's 50-day simple moving average is $45.90 and its 200-day simple moving average is $46.43.

Yum China (NYSE:YUMC - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The company had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter last year, the business earned $0.55 EPS. The business's revenue was up 4.0% on a year-over-year basis. Sell-side analysts anticipate 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 will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 2nd will be paid a $0.24 dividend. 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 (DPR) 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.