Citigroup Inc. Has $49.73 Million Holdings in Yum China (NYSE:YUMC)

Citigroup Inc. increased its holdings in Yum China (NYSE:YUMC) by 143.2% 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 955,259 shares of the company’s stock after buying an additional 562,420 shares during the period. Citigroup Inc. owned 0.25% of Yum China worth $49,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in Yum China by 2.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 324,977 shares of the company’s stock worth $15,654,000 after purchasing an additional 8,542 shares in the last quarter. Scotia Capital Inc. bought a new position in shares of Yum China during the 4th quarter valued at $317,000. Townsquare Capital LLC grew its holdings in Yum China by 28.5% in the 4th quarter. Townsquare Capital LLC now owns 23,176 shares of the company’s stock worth $1,116,000 after acquiring an additional 5,136 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new stake in shares of Yum China in the 4th quarter worth about $329,000. Finally, Altman Advisors Inc. bought a new stake in Yum China during the fourth quarter worth about $1,764,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Trading Down 2.7%

NYSE:YUMC opened at $44.59 on Monday. Yum China has a one year low of $32.67 and a one year high of $53.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 1.11. The company’s 50-day simple moving average is $45.56 and its 200 day simple moving average is $46.53. The firm has a market capitalization of $16.56 billion, a P/E ratio of 18.43, a PEG ratio of 1.68 and a beta of 0.27.

Yum China (NYSE:YUMC) last announced its earnings results on Tuesday, August 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $2.79 billion during 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 14.10%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. As a group, analysts forecast that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.96 annualized dividend and a yield of 2.2%. Yum China’s dividend payout ratio (DPR) is 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.