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. decreased its holdings in shares of Yum China Holdings, Inc. (NYSE:YUMC) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 222,743 shares of the company’s stock after selling 65,058 shares during the quarter. Yum China makes up approximately 8.6% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 3rd biggest position. E Fund Management Hong Kong Co. Ltd. owned approximately 0.06% of Yum China worth $10,730,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in shares of Yum China by 43.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 258 shares during the last quarter. McClarren Financial Advisors Inc. raised its stake in Yum China by 906.5% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock worth $42,000 after acquiring an additional 834 shares in the last quarter. Concord Wealth Partners lifted its position in Yum China by 56.9% in the third quarter. Concord Wealth Partners now owns 1,571 shares of the company’s stock valued at $71,000 after acquiring an additional 570 shares during the last quarter. Eastern Bank acquired a new position in Yum China in the third quarter valued at $103,000. Finally, Prospera Private Wealth LLC purchased a new position in shares of Yum China during the third quarter worth about $110,000. 85.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Yum China Stock Performance

Shares of YUMC stock opened at $46.03 on Monday. The stock’s 50-day moving average price is $46.94 and its 200 day moving average price is $41.43. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The stock 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 Holdings, Inc. has a 52-week low of $28.50 and a 52-week high of $52.00.

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

Yum China Announces Dividend

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

Insider Activity

In other news, insider Duoduo (Howard) Huang sold 6,377 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $47.47, for a total transaction of $302,716.19. Following the completion of the transaction, the insider now directly owns 16,641 shares of the company’s stock, valued at approximately $789,948.27. This represents a 27.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

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.