Cigna Investments Inc. New Trims Stake in Yum China $YUMC

Cigna Investments Inc. New decreased its stake in Yum China (NYSE:YUMC) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,861 shares of the company’s stock after selling 1,178 shares during the quarter. Cigna Investments Inc. New’s holdings in Yum China were worth $262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Yum China by 29.7% during the first quarter. JPMorgan Chase & Co. now owns 23,985,966 shares of the company’s stock valued at $1,248,709,000 after acquiring an additional 5,485,735 shares during the period. Vanguard Group Inc. lifted its holdings in Yum China by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 15,244,094 shares of the company’s stock worth $796,723,000 after purchasing an additional 200,938 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Yum China by 35.6% in the 1st 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 period. Mirae Asset Global Investments Co. Ltd. grew 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 valued at $600,045,000 after buying an additional 11,346,069 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Yum China by 1.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,185,305 shares of the company’s stock valued at $217,887,000 after buying an additional 56,288 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.

Yum China Price Performance

Shares of NYSE:YUMC opened at $42.88 on Friday. 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 has a market cap of $15.81 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.63 and a beta of 0.22. The firm has a fifty day moving average price of $45.21 and a 200 day moving average price of $45.76. Yum China has a fifty-two week low of $41.00 and a fifty-two week high of $53.99.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, beating 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 business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. As a group, sell-side analysts expect that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

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