Engineers Gate Manager LP Makes New Investment in Yum China Holdings, Inc. (NYSE:YUMC)

Engineers Gate Manager LP acquired a new stake in Yum China Holdings, Inc. (NYSE:YUMC – Get Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,369 shares of the company’s stock, valued at approximately $443,000.

Other institutional investors also recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in shares of Yum China in the 2nd quarter worth about $27,000. Harbor Investment Advisory LLC increased its stake in shares of Yum China by 156.5% in the 3rd quarter. Harbor Investment Advisory LLC now owns 590 shares of the company’s stock worth $28,000 after acquiring an additional 360 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Yum China in the 2nd quarter worth about $42,000. McClarren Financial Advisors Inc. bought a new stake in Yum China during the 3rd quarter valued at about $41,000. Finally, TD Capital Management LLC bought a new stake in Yum China during the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 78.89% of the company’s stock.

Yum China Stock Performance

YUMC opened at $58.76 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The company has a market cap of $24.59 billion, a price-to-earnings ratio of 55.96, a PEG ratio of 1.68 and a beta of 0.53. The company’s 50 day moving average is $59.88 and its 200 day moving average is $53.69. Yum China Holdings, Inc. has a 12-month low of $33.55 and a 12-month high of $63.06.

Yum China (NYSE:YUMC – Get Rating) last posted its quarterly earnings data on Tuesday, February 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Yum China had a return on equity of 6.09% and a net margin of 4.62%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the previous year, the business posted $0.03 EPS. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, equities research analysts predict that Yum China Holdings, Inc. will post 1.79 EPS for the current year.

Yum China Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th. Shareholders of record on Tuesday, March 7th will be paid a dividend of $0.13 per share. This is a boost from Yum China’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 6th. This represents a $0.52 dividend on an annualized basis and a yield of 0.88%. Yum China’s dividend payout ratio (DPR) is presently 49.52%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Yum China from a “buy” rating to a “hold” rating in a research note on Friday. TheStreet downgraded shares of Yum China from a “b” rating to a “c+” rating in a report on Tuesday, February 7th. Finally, Jefferies Financial Group downgraded shares of Yum China from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st.

Insiders Place Their Bets

In other news, insider Johnson Huang sold 10,707 shares of Yum China stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $62.00, for a total transaction of $663,834.00. Following the sale, the insider now owns 53,268 shares in the company, valued at $3,302,616. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Joey Wat sold 12,018 shares of the business’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $62.02, for a total value of $745,356.36. Following the sale, the chief executive officer now owns 261,905 shares in the company, valued at $16,243,348.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Johnson Huang sold 10,707 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $62.00, for a total transaction of $663,834.00. Following the completion of the sale, the insider now owns 53,268 shares in the company, valued at approximately $3,302,616. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Yum China Company Profile

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Yum China Holdings, Inc engages in the operation and management of restaurants and fast food chains. It operates through the following segments: Kentucky Fried Chicken (KFC), Pizza Hut, and All Other Segments. The KFC segment operates restaurant chain. The Pizza Hut segment covers the Pizza Hut casual dining and Pizza Hut home service.