Yum China Holdings, Inc. (NYSE:YUMC) Shares Bought by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. grew its stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 262,142 shares of the company's stock after acquiring an additional 18,036 shares during the quarter. Thornburg Investment Management Inc. owned about 0.07% of Yum China worth $8,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of YUMC. American Century Companies Inc. raised its position in Yum China by 2.6% in the second quarter. American Century Companies Inc. now owns 481,719 shares of the company's stock valued at $14,856,000 after purchasing an additional 12,273 shares during the period. Studio Investment Management LLC boosted its stake in Yum China by 28.6% during the second quarter. Studio Investment Management LLC now owns 2,274 shares of the company's stock worth $70,000 after buying an additional 506 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Yum China during the second quarter valued at about $605,000. Van Berkom & Associates Inc. raised its stake in shares of Yum China by 10.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 26,750 shares of the company's stock valued at $827,000 after acquiring an additional 2,550 shares during the period. Finally, Prudential PLC lifted its holdings in shares of Yum China by 24.0% in the 2nd quarter. Prudential PLC now owns 166,446 shares of the company's stock worth $5,133,000 after acquiring an additional 32,200 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Yum China

In other Yum China news, CTO Leila Zhang purchased 4,000 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was bought at an average cost of $33.36 per share, with a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO Leila Zhang purchased 4,000 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost 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 of the company's stock, valued at $1,379,069.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeff Kuai acquired 3,900 shares of the firm's stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $32.72 per share, with a total value of $127,608.00. Following the purchase, 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. In the last three months, insiders bought 18,400 shares of company stock valued at $619,671. Insiders own 0.30% of the company's stock.

Yum China Stock Up 1.0 %

Shares of Yum China stock traded up $0.34 during trading hours on Thursday, reaching $34.38. 5,831,573 shares of the company were exchanged, compared to its average volume of 3,067,598. The firm has a market cap of $13.40 billion, a PE ratio of 17.09, a PEG ratio of 1.39 and a beta of 0.34. The stock's fifty day moving average is $32.22 and its 200 day moving average is $35.69. Yum China Holdings, Inc. has a 1 year low of $28.50 and a 1 year high of $58.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.09 and a current ratio of 1.23.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.08. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.76 billion. Yum China had a return on equity of 12.41% and a net margin of 7.61%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. As a group, 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.86%. Yum China's payout ratio is 32.16%.

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.