Connor Clark & Lunn Investment Management Ltd. Raises Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 305.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 280,094 shares of the company's stock after acquiring an additional 211,090 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of Yum China worth $13,492,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC bought a new position in Yum China in the third quarter worth approximately $2,177,000. Thrivent Financial for Lutherans grew its position in shares of Yum China by 21.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,510,386 shares of the company's stock worth $113,017,000 after buying an additional 441,252 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Yum China by 16.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 56,896 shares of the company's stock valued at $2,794,000 after buying an additional 8,101 shares during the period. Merit Financial Group LLC bought a new stake in shares of Yum China in the fourth quarter valued at about $322,000. Finally, Inspire Investing LLC purchased a new stake in Yum China in the fourth quarter worth about $809,000. Hedge funds and other institutional investors own 85.58% of the company's stock.

Yum China Stock Up 0.0 %

Shares of NYSE:YUMC traded up $0.00 during trading on Wednesday, reaching $53.69. The stock had a trading volume of 1,904,205 shares, compared to its average volume of 2,781,998. The firm's 50-day simple moving average is $47.27 and its 200 day simple moving average is $45.69. The company has a current ratio of 1.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a one year low of $28.50 and a one year high of $53.99. The company has a market capitalization of $20.19 billion, a P/E ratio of 23.04, a PEG ratio of 1.72 and a beta of 0.35.

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Yum China (NYSE:YUMC - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). Yum China had a net margin of 8.06% and a return on equity of 13.83%. As a group, research analysts expect that Yum China Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Yum China Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.24 per share. This is a positive change from Yum China's previous quarterly dividend of $0.16. This represents a $0.96 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, March 6th. Yum China's dividend payout ratio is currently 41.20%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Yum China from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Insider Buying and Selling at Yum China

In related news, CEO Joey Wat sold 37,252 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $49.71, for a total transaction of $1,851,796.92. Following the sale, the chief executive officer now owns 382,657 shares in the company, valued at approximately $19,021,879.47. This trade represents a 8.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Leila Zhang sold 4,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $50.59, for a total transaction of $202,360.00. Following the completion of the transaction, the chief technology officer now owns 52,075 shares of the company's stock, valued at approximately $2,634,474.25. This trade represents a 7.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,152 shares of company stock worth $2,242,176. 0.30% of the stock is owned by insiders.

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.