Burgundy Asset Management Ltd. Acquires 20,876 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Burgundy Asset Management Ltd. raised its position in Yum China Holdings, Inc. (NYSE:YUMC) by 46.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 65,766 shares of the company’s stock after purchasing an additional 20,876 shares during the period. Burgundy Asset Management Ltd.’s holdings in Yum China were worth $2,028,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. acquired a new position in shares of Yum China in the 1st quarter worth approximately $26,000. Johnson Financial Group Inc. lifted its position in shares of Yum China by 3,107.1% during the 4th quarter. Johnson Financial Group Inc. now owns 898 shares of the company’s stock valued at $38,000 after acquiring an additional 870 shares during the period. LRI Investments LLC acquired a new position in shares of Yum China during the 1st quarter valued at $36,000. Pathway Financial Advisers LLC acquired a new position in shares of Yum China during the 1st quarter valued at $39,000. Finally, BOCHK Asset Management Ltd acquired a new position in shares of Yum China during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $37.40 in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Yum China currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.20.

Yum China Stock Performance

YUMC opened at $34.83 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $32.62 and its two-hundred day moving average price is $35.40. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $58.21. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.42 and a beta of 0.34.

Yum China (NYSE:YUMC) last posted its earnings results on Monday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, analysts expect that Yum China Holdings, Inc. will post 2.22 EPS for the current fiscal year.

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were paid a $0.16 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $0.64 annualized dividend and a dividend yield of 1.84%. Yum China’s payout ratio is 32.16%.

Insider Transactions at Yum China

In other news, Director Robert Blaine Aiken, Jr. bought 3,000 shares of Yum China stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of $33.74 per share, for a total transaction of $101,220.00. Following the purchase, the director now directly owns 12,088 shares in the company, valued at approximately $407,849.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Jeff Kuai purchased 3,900 shares of Yum China stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $32.72 per share, for a total transaction of $127,608.00. Following the completion of the transaction, the insider now owns 3,900 shares in the company, valued at $127,608. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Blaine Aiken, Jr. purchased 3,000 shares of Yum China stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $33.74 per share, with a total value of $101,220.00. Following the transaction, the director now owns 12,088 shares of the company’s stock, valued at approximately $407,849.12. The disclosure for this purchase can be found here. Insiders bought a total of 18,400 shares of company stock worth $619,671 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

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.