Savoir Faire Capital Management L.P. Buys 55,482 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

Savoir Faire Capital Management L.P. raised its stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 41.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,010 shares of the company's stock after buying an additional 55,482 shares during the period. Yum China makes up about 2.3% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 18th largest holding. Savoir Faire Capital Management L.P.'s holdings in Yum China were worth $5,798,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Intech Investment Management LLC increased its position in shares of Yum China by 1.8% in the fourth quarter. Intech Investment Management LLC now owns 14,785 shares of the company's stock worth $627,000 after acquiring an additional 268 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its position in Yum China by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 6,802 shares of the company's stock worth $271,000 after purchasing an additional 286 shares in the last quarter. Carmichael Hill & Associates Inc. raised its stake in Yum China by 12.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 3,338 shares of the company's stock valued at $103,000 after purchasing an additional 360 shares during the period. Ieq Capital LLC lifted its holdings in shares of Yum China by 7.7% in the fourth quarter. Ieq Capital LLC now owns 5,079 shares of the company's stock valued at $215,000 after purchasing an additional 362 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in Yum China by 53.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company's stock worth $34,000 after acquiring an additional 380 shares during the period. Institutional investors and hedge funds own 85.58% of the company's stock.

Insider Activity at Yum China

In related news, CEO Joey Wat purchased 3,800 shares of the stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $33.98 per share, for a total transaction of $129,124.00. Following the completion of the acquisition, the chief executive officer now directly owns 272,944 shares in the company, valued at approximately $9,274,637.12. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Yum China news, CTO Leila Zhang acquired 4,000 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $33.36 per share, for a total transaction of $133,440.00. Following the completion of the purchase, the chief technology officer now owns 41,339 shares of the company's stock, valued at approximately $1,379,069.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joey Wat bought 3,800 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $33.98 per share, with a total value of $129,124.00. Following the purchase, the chief executive officer now owns 272,944 shares in the company, valued at $9,274,637.12. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 18,400 shares of company stock valued at $619,671. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

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 report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $51.20.

Yum China Stock Up 1.1 %

Shares of YUMC traded up $0.37 during midday trading on Tuesday, reaching $34.90. 3,102,111 shares of the stock were exchanged, compared to its average volume of 3,069,447. The firm has a 50 day simple moving average of $32.53 and a 200-day simple moving average of $35.41. Yum China Holdings, Inc. has a 12-month low of $28.50 and a 12-month high of $58.21. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.41 and a beta of 0.34. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC - Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.08. The firm had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.76 billion. Yum China had a net margin of 7.61% and a return on equity of 12.41%. The company's revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. Research analysts forecast that Yum China Holdings, Inc. will post 2.22 EPS for the current year.

Yum China Announces Dividend

The business 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 dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, August 27th. Yum China's dividend 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.