Engineers Gate Manager LP Sells 41,851 Shares of Yum China $YUMC

Key Points

• Engineers Gate Manager LP cut its Yum China stake by 32.6% in the second quarter, selling 41,851 shares and retaining 86,637 shares valued at approximately $3.54 million. Institutional investors collectively own 85.58% of YUMC.
• Yum China insiders also sold shares, including transactions by Jeff Kuai and Duoduo (Howard) Huang totaling about $1.83 million. Company insiders now own just 0.44% of the stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $59.21. The company recently beat quarterly earnings and revenue estimates and announced a quarterly dividend of $0.29 per share.

Engineers Gate Manager LP decreased its stake in shares of Yum China (NYSE:YUMC - Free Report) by 32.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 86,637 shares of the company's stock after selling 41,851 shares during the period. Engineers Gate Manager LP's holdings in Yum China were worth $3,541,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of YUMC. Main Street Group LTD acquired a new stake in shares of Yum China during the 1st quarter worth $26,000. Ascentis Independent Advisors bought a new position in shares of Yum China in the 1st quarter valued at $27,000. Elyxium Wealth LLC bought a new stake in shares of Yum China during the 4th quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Yum China in the 2nd quarter valued at $29,000. Finally, MBM Wealth Consultants LLC acquired a new position in shares of Yum China in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Insider Buying and Selling at Yum China

In other Yum China news, insider Jeff Kuai sold 14,586 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $47.72, for a total value of $696,043.92. Following the completion of the sale, the insider directly owned 63,541 shares of the company's stock, valued at $3,032,176.52. The trade was a 18.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Duoduo (Howard) Huang sold 24,096 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $47.08, for a total value of $1,134,439.68. Following the completion of the sale, the insider directly owned 7,589 shares of the company's stock, valued at approximately $357,290.12. This trade represents a 76.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on YUMC. Wall Street Zen upgraded Yum China from a "hold" rating to a "buy" rating in a research report on Monday, August 17th. The Goldman Sachs Group reiterated a "buy" rating and set a $59.00 price target on shares of Yum China in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Yum China in a report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.21.

Yum China Stock Up 0.2%

YUMC opened at $42.41 on Monday. Yum China has a twelve month low of $40.15 and a twelve month high of $58.39. The company's 50-day moving average price is $45.34 and its two-hundred day moving average price is $46.75. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.11 and a beta of 0.08. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.03. Yum China had a return on equity of 15.82% and a net margin of 7.84%.The firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $3.05 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities analysts expect that Yum China will post 2.95 earnings per share for the current year.

Yum China Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, August 27th. Yum China's payout ratio is presently 42.49%.

Yum China Company Profile

Yum China Holdings, Inc NYSE: YUMC is a restaurant company that operates and franchises brands across mainland China. It is the exclusive operator of KFC and Pizza Hut in China and also operates Taco Bell restaurants in the market.

The company's broader portfolio includes Chinese restaurant concepts such as Huang Ji Huang and Little Sheep, as well as coffee and beverage brands including Lavasa and COFFii & JOY. Its restaurants offer a range of quick-service meals, casual dining options, beverages and related food products through dine-in, takeaway, delivery and digital ordering channels.

Yum China became an independent, publicly traded company in 2016 following its separation from Yum! Brands.

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