Oak Harvest Investment Services Makes New $9.21 Million Investment in Yum China $YUMC

Key Points

• Oak Harvest Investment Services has acquired 176,840 shares of Yum China, valued at approximately $9.2 million, making it the company's 25th largest position.
• Other institutional investors have also increased their stakes in Yum China, with notable increases from NewEdge Advisors LLC (53.9%) and GeoWealth Management LLC (689.6%) during the 4th quarter.
• Yum China has recently announced a quarterly dividend of $0.24 per share, providing an annualized yield of 2.1% for shareholders.

Oak Harvest Investment Services bought a new stake in shares of Yum China (NYSE:YUMC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 176,840 shares of the company's stock, valued at approximately $9,206,000. Yum China accounts for 1.3% of Oak Harvest Investment Services' holdings, making the stock its 25th largest position.

Other institutional investors also recently modified their holdings of the company. Mariner LLC raised its holdings in Yum China by 3.6% in the 4th quarter. Mariner LLC now owns 24,859 shares of the company's stock worth $1,197,000 after acquiring an additional 874 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Yum China by 53.9% during the 4th quarter. NewEdge Advisors LLC now owns 9,686 shares of the company's stock worth $467,000 after purchasing an additional 3,393 shares during the period. GeoWealth Management LLC boosted its position in shares of Yum China by 689.6% during the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after acquiring an additional 462 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Yum China by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,927,991 shares of the company's stock valued at $92,874,000 after acquiring an additional 56,979 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Yum China during the 4th quarter valued at about $475,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Price Performance

Shares of Yum China stock traded down $0.59 during trading on Tuesday, hitting $46.44. 7,018,424 shares of the company's stock traded hands, compared to its average volume of 1,882,667. 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 firm's fifty day moving average price is $45.90 and its 200 day moving average price is $46.43. Yum China has a twelve month low of $32.85 and a twelve month high of $53.99. The company 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.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. Analysts forecast that Yum China will post 2.54 earnings per share for the current year.

Yum China Dividend Announcement

The business also recently announced 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 dividend yield of 2.1%. Yum China's payout ratio is currently 39.67%.

Yum China Company 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.