The Manufacturers Life Insurance Company Boosts Holdings in Yum China $YUMC

Key Points

• The Manufacturers Life Insurance Company has increased its stake in Yum China by 12.7%, acquiring an additional 208,849 shares during the first quarter, bringing its total ownership to approximately 1.85 million shares valued at $96.3 million.
• Other institutions like JPMorgan Chase & Co. and Principal Financial Group Inc. have also significantly raised their positions in Yum China, with JPMorgan increasing its stake by 29.7% and Principal by 35.6%.
• Yum China announced a quarterly dividend of $0.24 per share, set to be paid on September 23rd, representing an annualized dividend of $0.96 with a yield of 2.1%.

The Manufacturers Life Insurance Company increased its stake in Yum China (NYSE:YUMC - Free Report) by 12.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,850,501 shares of the company's stock after purchasing an additional 208,849 shares during the quarter. The Manufacturers Life Insurance Company owned 0.49% of Yum China worth $96,346,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hughes Financial Services LLC purchased a new position in Yum China in the first quarter valued at about $29,000. SouthState Corp increased its stake in Yum China by 4,915.4% in the 1st quarter. SouthState Corp now owns 652 shares of the company's stock valued at $34,000 after purchasing an additional 639 shares in the last quarter. CX Institutional purchased a new position in shares of Yum China in the first quarter valued at $37,000. Goodman Advisory Group LLC purchased a new position in shares of Yum China in the first quarter valued at $41,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Yum China in the first quarter valued at $42,000. Hedge funds and other institutional investors own 85.58% of the company's stock.

Yum China Price Performance

NYSE:YUMC traded down $1.05 during mid-day trading on Tuesday, hitting $43.67. 2,331,014 shares of the company's stock traded hands, compared to its average volume of 2,557,904. 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 firm's 50 day simple moving average is $46.02 and its 200 day simple moving average is $46.31. Yum China has a 1 year low of $33.33 and a 1 year high of $53.99. The company has a market cap of $16.10 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.69 and a beta of 0.22.

Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 earnings per share for the quarter, topping 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 business had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period last year, the company posted $0.55 EPS. The company's revenue was up 4.0% on a year-over-year basis. Sell-side analysts expect 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. Investors of record on Tuesday, September 2nd will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 2nd. 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.