Oak Harvest Investment Services Makes New 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 acquired a new position in Yum China (NYSE:YUMC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 176,840 shares of the company's stock, valued at approximately $9,206,000. Yum China comprises 1.3% of Oak Harvest Investment Services' portfolio, making the stock its 25th biggest position.

Other hedge funds have also recently made changes to their positions in the company. Mariner LLC raised its holdings in Yum China by 3.6% during the 4th quarter. Mariner LLC now owns 24,859 shares of the company's stock valued at $1,197,000 after buying an additional 874 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Yum China by 53.9% during the 4th quarter. NewEdge Advisors LLC now owns 9,686 shares of the company's stock valued at $467,000 after buying an additional 3,393 shares during the last quarter. GeoWealth Management LLC raised its holdings in 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 buying an additional 462 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 buying an additional 56,979 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Yum China during the 4th quarter valued at $475,000. 85.58% of the stock is currently owned by institutional investors.

Yum China Trading Up 0.2%

NYSE:YUMC traded up $0.08 during midday trading on Friday, reaching $44.66. 585,606 shares of the stock traded hands, compared to its average volume of 2,554,119. The company has a fifty day moving average of $45.97 and a 200 day moving average of $46.39. Yum China has a 12 month low of $33.33 and a 12 month high of $53.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.39. The stock has a market capitalization of $16.47 billion, a P/E ratio of 18.45, a PEG ratio of 1.68 and a beta of 0.27.

Yum China (NYSE:YUMC - Get Free Report) last posted 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. 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 analyst estimates of $2.80 billion. During the same period in the prior year, the business posted $0.55 EPS. The firm's revenue was up 4.0% compared to the same quarter last year. On average, research analysts predict that Yum China will post 2.54 EPS for the current year.

Yum China Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd will be issued a $0.24 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.1%. Yum China's dividend payout ratio 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.