Canada Pension Plan Investment Board raised its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 40.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 987,725 shares of the company’s stock after acquiring an additional 286,307 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.25% of Yum China worth $39,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of the business. Toronto Dominion Bank lifted its stake in shares of Yum China by 35.9% during the 1st quarter. Toronto Dominion Bank now owns 31,817 shares of the company’s stock valued at $1,266,000 after buying an additional 8,406 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in Yum China in the 1st quarter worth $381,000. CreativeOne Wealth LLC purchased a new stake in Yum China in the 1st quarter worth $312,000. EntryPoint Capital LLC purchased a new stake in Yum China in the 1st quarter worth $79,000. Finally, MQS Management LLC purchased a new stake in Yum China in the 1st quarter worth $203,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.
Yum China Stock Performance
Yum China stock opened at $30.01 on Friday. The company has a market cap of $11.69 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.27 and a beta of 0.33. Yum China Holdings, Inc. has a twelve month low of $29.02 and a twelve month high of $61.99. The company’s 50-day moving average price is $32.97 and its 200-day moving average price is $36.84. The company has a quick ratio of 1.24, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.
Yum China Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, May 28th were given a dividend of $0.16 per share. The ex-dividend date was Friday, May 24th. This represents a $0.64 dividend on an annualized basis and a yield of 2.13%. Yum China’s payout ratio is 32.16%.
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.
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