The Manufacturers Life Insurance Company Sells 167,905 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

The Manufacturers Life Insurance Company lowered its position in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 13.1% in the second quarter, Holdings Channel reports. The institutional investor owned 1,109,926 shares of the company’s stock after selling 167,905 shares during the period. The Manufacturers Life Insurance Company’s holdings in Yum China were worth $34,308,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Veritas Asset Management LLP increased its holdings in Yum China by 30.1% in the 4th quarter. Veritas Asset Management LLP now owns 2,199,338 shares of the company’s stock valued at $93,318,000 after buying an additional 509,338 shares during the period. GSA Capital Partners LLP increased its stake in Yum China by 413.0% in the first quarter. GSA Capital Partners LLP now owns 44,299 shares of the company’s stock valued at $1,763,000 after acquiring an additional 35,663 shares during the last quarter. Dodge & Cox raised its position in Yum China by 23,769.2% during the fourth quarter. Dodge & Cox now owns 3,165,531 shares of the company’s stock valued at $134,313,000 after purchasing an additional 3,152,269 shares in the last quarter. Nomura Holdings Inc. lifted its stake in Yum China by 240.0% during the fourth quarter. Nomura Holdings Inc. now owns 72,192 shares of the company’s stock worth $3,063,000 after purchasing an additional 50,957 shares during the last quarter. Finally, PBCay One RSC Ltd acquired a new stake in shares of Yum China in the 4th quarter valued at $42,891,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Yum China

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

Analysts Set New Price Targets

Separately, Macquarie raised Yum China from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $30.00 to $37.40 in a research note on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $46.18.

Yum China Stock Down 0.7 %

Shares of NYSE YUMC opened at $45.01 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 0.01. The firm has a market cap of $17.54 billion, a PE ratio of 22.62, a P/E/G ratio of 1.86 and a beta of 0.34. The company’s fifty day simple moving average is $33.71 and its 200 day simple moving average is $35.22. Yum China Holdings, Inc. has a 12-month low of $28.50 and a 12-month high of $56.15.

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

Yum China Dividend Announcement

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

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.