Korea Investment CORP Has $16.49 Million Stock Holdings 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 boosted 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 Form 13F filing with the Securities & Exchange Commission. 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 about 0.08% of Yum China worth $16,488,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of 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 buying an additional 5,485,735 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Yum China by 1.3% during 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% in the 1st 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. increased 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 in the last quarter. Finally, Royal Bank of Canada lifted 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 valued at $499,127,000 after purchasing an additional 448,188 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Yum China Price Performance

NYSE:YUMC opened at $44.5940 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The firm has a market cap of $16.44 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.68 and a beta of 0.27. Yum China has a 12 month low of $32.85 and a 12 month high of $53.99. The company's 50-day moving average price is $45.71 and its two-hundred day moving average price is $46.45.

Yum China (NYSE:YUMC - Get Free Report) 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 during 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%. Yum China's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders 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 2.2%. Yum China's payout ratio is currently 39.67%.

Yum China Profile

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.

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