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

The Manufacturers Life Insurance Company decreased its position in Yum China Holdings, Inc. (NYSE:YUMC) by 13.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,109,926 shares of the company’s stock after selling 167,905 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.28% of Yum China worth $34,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of YUMC. Industrial Alliance Investment Management Inc. grew its stake in shares of Yum China by 4.4% in the first quarter. Industrial Alliance Investment Management Inc. now owns 6,802 shares of the company’s stock worth $271,000 after acquiring an additional 286 shares during the last quarter. Blair William & Co. IL grew its position in Yum China by 1.2% in the 2nd quarter. Blair William & Co. IL now owns 25,639 shares of the company’s stock worth $791,000 after purchasing an additional 302 shares during the last quarter. Carmichael Hill & Associates Inc. increased its holdings in shares of Yum China by 12.1% during the 2nd 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 period. Eagle Bay Advisors LLC raised its position in shares of Yum China by 53.7% during 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 last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Yum China by 14.3% in the first quarter. Bessemer Group Inc. now owns 3,235 shares of the company’s stock valued at $129,000 after buying an additional 405 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Jeff Kuai acquired 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $32.72 per share, for a total transaction of $127,608.00. Following the completion of the acquisition, the insider now directly owns 3,900 shares in the company, valued at approximately $127,608. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO Leila Zhang acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $33.36 per share, for a total transaction of $133,440.00. Following the acquisition, the chief technology officer now directly owns 41,339 shares of the company’s stock, valued at $1,379,069.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeff Kuai purchased 3,900 shares of the stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost 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 disclosure for this purchase can be found here. In the last three months, insiders have purchased 18,400 shares of company stock worth $619,671. Company insiders own 0.30% of the company’s stock.

Yum China Trading Down 0.7 %

YUMC opened at $45.01 on Tuesday. Yum China Holdings, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $56.15. The company has a market cap of $17.54 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.86 and a beta of 0.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.23 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $33.71 and a 200 day simple moving average of $35.22.

Yum China (NYSE:YUMC) last posted its 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. 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 during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company earned $0.47 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate 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 paid 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 1.42%. Yum China’s payout ratio is 32.16%.

Analyst Ratings Changes

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

Yum China 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.