Skandinaviska Enskilda Banken AB publ Purchases 5,300 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Skandinaviska Enskilda Banken AB publ lifted its stake in Yum China Holdings, Inc. (NYSE:YUMC) by 9.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,010 shares of the company’s stock after acquiring an additional 5,300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Yum China were worth $1,943,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Burgundy Asset Management Ltd. lifted its position in Yum China by 46.5% in the second quarter. Burgundy Asset Management Ltd. now owns 65,766 shares of the company’s stock worth $2,028,000 after purchasing an additional 20,876 shares during the period. XTX Topco Ltd lifted its holdings in shares of Yum China by 636.8% during the second quarter. XTX Topco Ltd now owns 53,457 shares of the company’s stock valued at $1,649,000 after acquiring an additional 46,202 shares during the period. Palouse Capital Management Inc. acquired a new position in Yum China in the second quarter valued at about $789,000. Seven Eight Capital LP grew its position in Yum China by 123.5% during the 2nd quarter. Seven Eight Capital LP now owns 19,897 shares of the company’s stock worth $614,000 after acquiring an additional 10,994 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Yum China by 0.7% during the second quarter. Hsbc Holdings PLC now owns 1,864,795 shares of the company’s stock worth $57,556,000 after purchasing an additional 13,178 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

Yum China Trading Up 2.3 %

NYSE:YUMC opened at $36.36 on Tuesday. The business’s 50-day moving average price is $32.85 and its two-hundred day moving average price is $35.24. 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 firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.42 and a beta of 0.34. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $57.06.

Yum China (NYSE:YUMC) last announced its earnings results on Monday, August 5th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.47 by $0.08. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.76 billion. Yum China had a net margin of 7.61% and a return on equity of 12.41%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. On average, equities analysts expect that Yum China Holdings, Inc. will post 2.22 earnings per share for the current year.

Yum China Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.76%. The ex-dividend date was Tuesday, August 27th. Yum China’s payout ratio is 32.16%.

Analyst Upgrades and Downgrades

Separately, Macquarie upgraded shares of Yum China from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $30.00 to $37.40 in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.18.

Insider Activity at Yum China

In related news, insider Warton Wang purchased 3,700 shares of Yum China stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $34.67 per share, with a total value of $128,279.00. Following the completion of the transaction, the insider now owns 25,023 shares of the company’s stock, valued at approximately $867,547.41. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Yum China news, insider Warton Wang purchased 3,700 shares of Yum China stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $34.67 per share, for a total transaction of $128,279.00. Following the completion of the acquisition, the insider now owns 25,023 shares of the company’s stock, valued at approximately $867,547.41. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeff Kuai acquired 3,900 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price of $32.72 per share, for a total transaction of $127,608.00. Following the purchase, the insider now directly owns 3,900 shares of the company’s stock, valued at $127,608. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 18,400 shares of company stock valued at $619,671. Corporate insiders own 0.30% of the company’s stock.

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.