Connor Clark & Lunn Investment Management Ltd. Acquires 211,090 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 305.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 280,094 shares of the company’s stock after buying an additional 211,090 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Yum China were worth $13,492,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in YUMC. Kentucky Trust Co bought a new stake in shares of Yum China in the 4th quarter worth approximately $29,000. Farther Finance Advisors LLC lifted its stake in shares of Yum China by 43.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 258 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Yum China by 58.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 878 shares of the company’s stock valued at $42,000 after purchasing an additional 324 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Yum China in the 3rd quarter valued at approximately $110,000. Finally, Independence Bank of Kentucky lifted its stake in shares of Yum China by 1,374.5% in the 4th quarter. Independence Bank of Kentucky now owns 2,949 shares of the company’s stock valued at $142,000 after purchasing an additional 2,749 shares during the period. 85.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Yum China

In other news, CTO Leila Zhang sold 4,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $50.59, for a total value of $202,360.00. Following the completion of the transaction, the chief technology officer now owns 52,075 shares in the company, valued at $2,634,474.25. The trade was a 7.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joey Wat sold 37,252 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $49.71, for a total value of $1,851,796.92. Following the completion of the transaction, the chief executive officer now owns 382,657 shares of the company’s stock, valued at $19,021,879.47. This represents a 8.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,152 shares of company stock worth $2,242,176. 0.30% of the stock is owned by insiders.

Yum China Trading Up 5.0 %

YUMC opened at $51.53 on Friday. The stock has a market cap of $19.38 billion, a PE ratio of 22.11, a PEG ratio of 1.72 and a beta of 0.35. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $46.92 and a 200-day moving average of $45.24. Yum China Holdings, Inc. has a 52 week low of $28.50 and a 52 week high of $52.00.

Yum China (NYSE:YUMC) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Yum China had a net margin of 8.06% and a return on equity of 13.83%. Equities research analysts predict that Yum China Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Yum China Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.24 per share. This is a boost from Yum China’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 1.86%. Yum China’s payout ratio is presently 41.20%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Yum China from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

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.