Yum China Holdings, Inc. (NYSE:YUMC) Shares Sold by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. reduced its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 21.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,393 shares of the company's stock after selling 79,438 shares during the quarter. Comgest Global Investors S.A.S. owned about 0.07% of Yum China worth $8,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of YUMC. GUARDCAP ASSET MANAGEMENT Ltd increased its stake in Yum China by 38.4% during the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 12,223,942 shares of the company's stock worth $486,391,000 after acquiring an additional 3,389,987 shares during the last quarter. FIL Ltd raised its holdings in Yum China by 8.3% during the 4th quarter. FIL Ltd now owns 7,584,264 shares of the company's stock valued at $322,139,000 after buying an additional 582,792 shares during the period. Norges Bank bought a new stake in Yum China in the fourth quarter worth $265,777,000. Principal Financial Group Inc. boosted its stake in Yum China by 18.9% during the second quarter. Principal Financial Group Inc. now owns 5,256,309 shares of the company's stock worth $162,135,000 after buying an additional 836,194 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Yum China by 1.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,820,531 shares of the company's stock valued at $152,019,000 after acquiring an additional 53,744 shares during the last quarter. Institutional investors own 85.58% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised shares of Yum China from an "underperform" rating to an "outperform" rating and lifted their price target for the stock from $30.00 to $37.40 in a research note on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $51.20.

Yum China Trading Up 0.1 %

Shares of NYSE:YUMC traded up $0.03 on Tuesday, hitting $33.85. 1,880,084 shares of the company's stock were exchanged, compared to its average volume of 3,073,770. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 1.39 and a beta of 0.33. Yum China Holdings, Inc. has a 12 month low of $28.50 and a 12 month high of $58.21. 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 business's 50 day simple moving average is $31.82 and its two-hundred day simple moving average is $36.02.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.08. The company 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 firm's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Analysts anticipate that Yum China Holdings, Inc. will post 2.22 EPS for the current fiscal year.

Yum China Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.64 annualized dividend and a yield of 1.89%. Yum China's dividend payout ratio (DPR) is currently 32.16%.

Insiders Place Their Bets

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

About Yum China

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.