Okabena Investment Services Inc. Grows Stock Holdings in Yum China $YUMC

Okabena Investment Services Inc. increased its position in shares of Yum China (NYSE:YUMC) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,003 shares of the company’s stock after purchasing an additional 226 shares during the period. Okabena Investment Services Inc.’s holdings in Yum China were worth $2,603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 buying an additional 11,346,069 shares during the last quarter. JPMorgan Chase & Co. raised 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 acquiring an additional 5,485,735 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Yum China by 35.6% during the first 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. Driehaus Capital Management LLC purchased a new stake in Yum China during the fourth quarter worth approximately $66,524,000. Finally, Northern Trust Corp boosted its holdings in Yum China by 198.3% in the fourth quarter. Northern Trust Corp now owns 1,905,179 shares of the company’s stock valued at $91,772,000 after purchasing an additional 1,266,530 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Stock Performance

Shares of Yum China stock opened at $44.56 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. Yum China has a 52 week low of $32.85 and a 52 week high of $53.99. The firm’s 50 day moving average is $45.93 and its two-hundred day moving average is $46.41. The firm has a market capitalization of $16.43 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.75 and a beta of 0.27.

Yum China (NYSE:YUMC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate 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 was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. Research analysts forecast that Yum China will post 2.54 EPS for the current fiscal 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 paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, September 2nd. Yum China’s dividend 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.