Seven Eight Capital LP Buys 10,994 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Seven Eight Capital LP boosted its stake in Yum China Holdings, Inc. (NYSE:YUMC) by 123.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,897 shares of the company’s stock after purchasing an additional 10,994 shares during the period. Seven Eight Capital LP’s holdings in Yum China were worth $614,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its stake in shares of Yum China by 1.8% in the 4th quarter. Intech Investment Management LLC now owns 14,785 shares of the company’s stock valued at $627,000 after acquiring an additional 268 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its position in Yum China by 4.4% in the first quarter. Industrial Alliance Investment Management Inc. now owns 6,802 shares of the company’s stock valued at $271,000 after purchasing an additional 286 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Yum China by 1.2% during the second quarter. Blair William & Co. IL now owns 25,639 shares of the company’s stock valued at $791,000 after purchasing an additional 302 shares in the last quarter. Carmichael Hill & Associates Inc. grew its holdings in shares of Yum China by 12.1% during the second quarter. Carmichael Hill & Associates Inc. now owns 3,338 shares of the company’s stock worth $103,000 after purchasing an additional 360 shares during the last quarter. Finally, Eagle Bay Advisors LLC increased its stake in shares of Yum China by 53.7% in the second quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock valued at $34,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

Insiders Place Their Bets

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

Yum China Trading Up 0.3 %

Shares of YUMC stock opened at $35.53 on Friday. Yum China Holdings, Inc. has a 1-year low of $28.50 and a 1-year high of $58.21. 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 stock has a market cap of $13.84 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.42 and a beta of 0.34. The stock has a 50-day moving average of $32.76 and a 200-day moving average of $35.32.

Yum China (NYSE:YUMC) last released its quarterly 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. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.76 billion. Yum China had a net margin of 7.61% and a return on equity of 12.41%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 EPS. On average, equities research analysts forecast that Yum China Holdings, Inc. will post 2.22 earnings per share for the current year.

Yum China Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.64 dividend on an annualized basis and a yield of 1.80%. Yum China’s dividend payout ratio (DPR) is currently 32.16%.

Analysts Set New Price Targets

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

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.