Man Group plc acquired a new position in Yum China (NYSE:YUMC – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 570,234 shares of the company’s stock, valued at approximately $23,304,000.
Other institutional investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in shares of Yum China in the 2nd quarter worth approximately $61,637,000. Expect Equity LLC bought a new stake in shares of Yum China in the 2nd quarter valued at $2,303,000. Legal & General Group Plc acquired a new stake in shares of Yum China during the second quarter worth $76,294,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Yum China during the second quarter worth $5,729,000. Finally, Aberdeen Wealth Management LLC bought a new position in Yum China during the second quarter worth $33,000. 85.58% of the stock is currently owned by institutional investors.
Insider Transactions at Yum China
In other Yum China news, insider Jeff Kuai sold 14,586 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $47.72, for a total value of $696,043.92. Following the transaction, the insider owned 63,541 shares in the company, valued at approximately $3,032,176.52. This represents a 18.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Duoduo (Howard) Huang sold 24,096 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $47.08, for a total value of $1,134,439.68. Following the completion of the transaction, the insider owned 7,589 shares in the company, valued at approximately $357,290.12. The trade was a 76.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.44% of the company’s stock.
Yum China Stock Down 2.9%
Yum China (NYSE:YUMC – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. Yum China had a net margin of 7.84% and a return on equity of 15.82%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Yum China will post 2.95 earnings per share for the current fiscal year.
Yum China Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, August 27th will be paid a $0.29 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.16 annualized dividend and a dividend yield of 2.5%. Yum China’s dividend payout ratio (DPR) is currently 42.49%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $59.00 target price on shares of Yum China in a report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Yum China in a report on Friday, August 21st. Finally, Wall Street Zen raised Yum China from a “hold” rating to a “buy” rating in a research report on Monday, August 17th. 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.21.
Get Our Latest Report on Yum China
About Yum China
Yum China Holdings, Inc operates as the largest quick-service restaurant company in China, through its ownership and franchising of brands such as KFC, Pizza Hut and Taco Bell. The company’s core business encompasses full-service and fast‐casual dining, takeout and delivery channels, as well as ancillary services including loyalty programs and digital ordering platforms. Yum China’s restaurants offer a diverse menu that adapts global brand concepts to local consumer preferences, featuring items such as soy‐marinated chicken, customized pizzas and region‐inspired side dishes.
In addition to its signature brands, Yum China has expanded its portfolio to include innovative concepts tailored to evolving market trends, such as plant‐based offerings, self‐service kiosks and mobile app integrations.
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