American Century Companies Inc. Has $35.93 Million Stake in Yum China $YUMC

Key Points

• American Century Companies Inc. increased its stake in Yum China by 15.0%, acquiring an additional 90,015 shares, bringing its total ownership to 690,083 shares valued at approximately $35.9 million.
• Institutional investors now hold 85.58% of Yum China's stock, with notable increases in positions from several firms including JPMorgan Chase & Co. and Mirae Asset Global Investments.
• Yum China announced a quarterly dividend of $0.24 per share, representing an annualized yield of 2.1%, with the ex-dividend date set for September 2nd.

American Century Companies Inc. raised its stake in Yum China (NYSE:YUMC - Free Report) by 15.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 690,083 shares of the company's stock after purchasing an additional 90,015 shares during the quarter. American Century Companies Inc. owned about 0.18% of Yum China worth $35,926,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in YUMC. GeoWealth Management LLC boosted its holdings in shares of Yum China by 689.6% in the 4th quarter. GeoWealth Management LLC now owns 529 shares of the company's stock valued at $25,000 after purchasing an additional 462 shares during the last quarter. Hughes Financial Services LLC purchased a new position in shares of Yum China in the 1st quarter valued at $29,000. SouthState Corp raised its stake in shares of 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 acquiring an additional 639 shares during the period. CX Institutional purchased a new position in shares of Yum China in the 1st quarter valued at $37,000. Finally, Goodman Advisory Group LLC purchased a new position in shares of Yum China in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Yum China Trading Down 1.3%

Shares of YUMC stock traded down $0.62 during mid-day trading on Tuesday, reaching $46.42. The company's stock had a trading volume of 1,495,018 shares, compared to its average volume of 2,549,638. The company's 50 day simple moving average is $45.83 and its 200-day simple moving average is $46.43. Yum China has a 12-month low of $32.85 and a 12-month high of $53.99. 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 capitalization of $17.11 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.73 and a beta of 0.27.

Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 EPS 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 firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous 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 fiscal year.

Yum China Dividend Announcement

The company 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 dividend on an annualized basis and a 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.