Prudential PLC Buys 32,200 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Prudential PLC increased its holdings in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 24.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,446 shares of the company's stock after acquiring an additional 32,200 shares during the period. Prudential PLC's holdings in Yum China were worth $5,133,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Mather Group LLC. bought a new stake in shares of Yum China in the 1st quarter worth $26,000. Eagle Bay Advisors LLC grew its position in Yum China by 53.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company's stock worth $34,000 after purchasing an additional 380 shares in the last quarter. LRI Investments LLC purchased a new stake in Yum China in the 1st quarter valued at about $36,000. Johnson Financial Group Inc. lifted its position in shares of Yum China by 3,107.1% during the 4th quarter. Johnson Financial Group Inc. now owns 898 shares of the company's stock worth $38,000 after buying an additional 870 shares in the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in shares of Yum China during the 1st quarter worth approximately $39,000. Institutional investors own 85.58% of the company's stock.

Yum China Stock Performance

Shares of YUMC traded up $0.05 during trading hours on Wednesday, hitting $34.04. The company's stock had a trading volume of 3,237,404 shares, compared to its average volume of 3,051,804. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.39 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 business has a 50 day simple moving average of $32.17 and a two-hundred day simple moving average of $35.70. Yum China Holdings, Inc. has a 52-week low of $28.50 and a 52-week high of $58.21.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.55 earnings per share for the quarter, beating 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 analysts' expectations of $2.76 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The firm's quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts expect that Yum China Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The business also recently announced 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. This represents a $0.64 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Tuesday, August 27th. Yum China's dividend payout ratio is currently 32.16%.

Wall Street Analyst Weigh In

Separately, Macquarie raised Yum China from an "underperform" rating to an "outperform" rating and increased their price target for the company 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 four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.20.

Insider Buying and Selling at Yum China

In related news, insider Jeff Kuai purchased 3,900 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of $32.72 per share, with a total value of $127,608.00. Following the acquisition, the insider now directly owns 3,900 shares of the company's stock, valued at $127,608. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Jeff Kuai bought 3,900 shares of the business's stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price of $32.72 per share, with a total value of $127,608.00. Following the completion of the purchase, the insider now directly owns 3,900 shares in the company, valued at $127,608. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joey Wat acquired 3,800 shares of the stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average price of $33.98 per share, with a total value of $129,124.00. Following the completion of the acquisition, the chief executive officer now owns 272,944 shares in the company, valued at approximately $9,274,637.12. The disclosure for this purchase can be found here. Insiders purchased a total of 18,400 shares of company stock worth $619,671 over the last three months. 0.30% of the stock is owned by insiders.

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.