E Fund Management Hong Kong Co. Ltd. Sells 65,058 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

E Fund Management Hong Kong Co. Ltd. trimmed its stake in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 22.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,743 shares of the company’s stock after selling 65,058 shares during the period. Yum China comprises about 8.6% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 3rd biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Yum China were worth $10,730,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC increased its holdings in Yum China by 4,176.5% during the 3rd quarter. FMR LLC now owns 3,588,977 shares of the company’s stock valued at $161,576,000 after acquiring an additional 3,505,053 shares in the last quarter. Waverton Investment Management Ltd grew its position in shares of Yum China by 350.7% in the third quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company’s stock valued at $189,202,000 after purchasing an additional 3,270,560 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Yum China by 49.6% during the 3rd quarter. Principal Financial Group Inc. now owns 7,865,803 shares of the company’s stock worth $356,206,000 after purchasing an additional 2,609,494 shares in the last quarter. Temasek Holdings Private Ltd raised its position in shares of Yum China by 61.4% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,942,959 shares of the company’s stock worth $132,492,000 after purchasing an additional 1,120,054 shares during the last quarter. Finally, Hhlr Advisors LTD. purchased a new stake in Yum China in the 3rd quarter valued at approximately $29,977,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on YUMC shares. JPMorgan Chase & Co. raised Yum China from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $35.50 to $60.00 in a research report on Tuesday, November 5th. StockNews.com cut Yum China from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Citigroup raised shares of Yum China to a “strong-buy” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Yum China has an average rating of “Buy” and an average price target of $49.57.

Yum China Trading Up 3.1 %

Shares of YUMC opened at $46.03 on Monday. Yum China Holdings, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $52.00. The stock has a fifty day moving average of $46.94 and a two-hundred day moving average of $41.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29. The company has a market capitalization of $17.48 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.35.

Yum China (NYSE:YUMC) last released its earnings results on Monday, November 4th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.09. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts forecast that Yum China Holdings, Inc. will post 2.33 EPS for the current year.

Yum China Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.64 annualized dividend and a dividend yield of 1.39%. Yum China’s dividend payout ratio is presently 28.32%.

Insider Activity at Yum China

In related news, insider Duoduo (Howard) Huang sold 6,377 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $47.47, for a total value of $302,716.19. Following the transaction, the insider now directly owns 16,641 shares of the company’s stock, valued at approximately $789,948.27. This trade represents a 27.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by insiders.

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.