MBB Public Markets I LLC Takes Position in Yum China Holdings, Inc. (NYSE:YUMC)

MBB Public Markets I LLC purchased a new position in Yum China Holdings, Inc. (NYSE:YUMC) during the second quarter, HoldingsChannel reports. The firm purchased 29,300 shares of the company’s stock, valued at approximately $904,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Industrial Alliance Investment Management Inc. grew its holdings in Yum China by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 6,802 shares of the company’s stock worth $271,000 after acquiring an additional 286 shares in the last quarter. Blair William & Co. IL grew its holdings in Yum China by 1.2% during the 2nd quarter. Blair William & Co. IL now owns 25,639 shares of the company’s stock worth $791,000 after acquiring an additional 302 shares in the last quarter. Carmichael Hill & Associates Inc. grew its holdings in Yum China by 12.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 3,338 shares of the company’s stock worth $103,000 after acquiring an additional 360 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in Yum China by 53.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock worth $34,000 after acquiring an additional 380 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Yum China by 14.3% during the 1st quarter. Bessemer Group Inc. now owns 3,235 shares of the company’s stock worth $129,000 after acquiring an additional 405 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors.

Yum China Stock Down 0.7 %

Shares of Yum China stock opened at $45.01 on Tuesday. The firm’s 50 day moving average price is $33.71 and its 200-day moving average price is $35.22. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a 52-week low of $28.50 and a 52-week high of $56.15. The company has a market cap of $17.54 billion, a P/E ratio of 22.62, a PEG ratio of 1.86 and a beta of 0.34.

Yum China (NYSE:YUMC) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. Yum China had a net margin of 7.61% and a return on equity of 12.41%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts predict that Yum China Holdings, Inc. will post 2.22 EPS for the current fiscal year.

Yum China Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Tuesday, August 27th. Yum China’s dividend payout ratio (DPR) is presently 32.16%.

Insider Buying and Selling

In related news, Director Robert Blaine Aiken, Jr. bought 3,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average cost of $33.74 per share, for a total transaction of $101,220.00. Following the purchase, the director now directly owns 12,088 shares of the company’s stock, valued at $407,849.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robert Blaine Aiken, Jr. bought 3,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average cost of $33.74 per share, for a total transaction of $101,220.00. Following the purchase, the director now directly owns 12,088 shares of the company’s stock, valued at $407,849.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Warton Wang bought 3,700 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average price of $34.67 per share, with a total value of $128,279.00. Following the completion of the purchase, the insider now directly owns 25,023 shares in the company, valued at $867,547.41. The disclosure for this purchase can be found here. Insiders purchased 18,400 shares of company stock worth $619,671 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Separately, Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $37.40 in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Yum China presently has an average rating of “Moderate Buy” and a consensus target price of $46.18.

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.