Connor Clark & Lunn Investment Management Ltd. Sells 164,091 Shares of Yum China $YUMC

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in Yum China (NYSE:YUMC) by 94.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,600 shares of the company’s stock after selling 164,091 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Yum China were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its stake in Yum China by 26.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,052 shares of the company’s stock worth $47,000 after buying an additional 222 shares in the last quarter. Okabena Investment Services Inc. raised its position in shares of Yum China by 0.5% in the 1st quarter. Okabena Investment Services Inc. now owns 50,003 shares of the company’s stock worth $2,603,000 after acquiring an additional 226 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Yum China by 4.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,106 shares of the company’s stock worth $228,000 after purchasing an additional 230 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its position in Yum China by 5.0% during the first quarter. Focus Partners Advisor Solutions LLC now owns 5,555 shares of the company’s stock valued at $289,000 after purchasing an additional 263 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in Yum China by 12.3% during the second quarter. ST Germain D J Co. Inc. now owns 2,555 shares of the company’s stock valued at $114,000 after purchasing an additional 280 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Yum China in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Yum China Price Performance

NYSE YUMC opened at $47.35 on Friday. The firm’s fifty day simple moving average is $44.14 and its two-hundred day simple moving average is $44.74. The firm has a market capitalization of $17.11 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.63 and a beta of 0.18. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.01. Yum China has a 12-month low of $41.00 and a 12-month high of $53.99.

Yum China (NYSE:YUMC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Yum China had a return on equity of 14.13% and a net margin of 8.04%.The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the firm earned $0.77 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts forecast that Yum China will post 2.54 EPS for the current fiscal year.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.0%. Yum China’s dividend payout ratio is 39.83%.

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.