Yum China Holdings, Inc. (NYSE:YUMC) Shares Bought by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. raised its stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 46.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,766 shares of the company's stock after buying an additional 20,876 shares during the quarter. Burgundy Asset Management Ltd.'s holdings in Yum China were worth $2,028,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of YUMC. Mather Group LLC. acquired a new position in shares of Yum China in the 1st quarter worth approximately $26,000. Eagle Bay Advisors LLC boosted its position in shares of Yum China by 53.7% during the second quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company's stock worth $34,000 after buying an additional 380 shares during the period. LRI Investments LLC acquired a new stake in shares of Yum China in the first quarter valued at $36,000. Johnson Financial Group Inc. raised its holdings in shares of Yum China by 3,107.1% in the 4th quarter. Johnson Financial Group Inc. now owns 898 shares of the company's stock valued at $38,000 after buying an additional 870 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new position in Yum China during the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 85.58% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Yum China news, Director Robert Blaine Aiken, Jr. purchased 3,000 shares of the firm's stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $33.74 per share, with a total value of $101,220.00. Following the acquisition, the director now directly owns 12,088 shares of the company's stock, valued at $407,849.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robert Blaine Aiken, Jr. purchased 3,000 shares of the company's stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $33.74 per share, for a total transaction of $101,220.00. Following the completion of the purchase, the director now directly owns 12,088 shares of the company's stock, valued at approximately $407,849.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Leila Zhang acquired 4,000 shares of Yum China stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of $33.36 per share, with a total value of $133,440.00. Following the transaction, the chief technology officer now directly owns 41,339 shares in the company, valued at approximately $1,379,069.04. The disclosure for this purchase can be found here. In the last three months, insiders have bought 18,400 shares of company stock worth $619,671. 0.30% of the stock is currently owned by corporate insiders.

Yum China Stock Up 1.7 %

NYSE:YUMC traded up $0.60 during midday trading on Thursday, reaching $35.42. The company had a trading volume of 2,666,646 shares, compared to its average volume of 3,059,008. The stock's fifty day simple moving average is $32.62 and its 200-day simple moving average is $35.40. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a 12-month low of $28.50 and a 12-month high of $58.21. The firm has a market capitalization of $13.62 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.42 and a beta of 0.34.

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 (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.08. The business had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.76 billion. Yum China had a return on equity of 12.41% and a net margin of 7.61%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. On average, sell-side analysts anticipate that Yum China Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Tuesday, August 27th. Yum China's dividend payout ratio is presently 32.16%.

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.