Yum China $YUMC Shares Sold by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. decreased its position in Yum China (NYSE:YUMC) by 0.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 152,454 shares of the company’s stock after selling 1,346 shares during the period. Yum China comprises about 6.6% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 4th biggest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Yum China were worth $6,816,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of YUMC. US Bancorp DE raised its holdings in shares of Yum China by 21.7% during the 2nd quarter. US Bancorp DE now owns 32,088 shares of the company’s stock valued at $1,435,000 after purchasing an additional 5,723 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of Yum China during the 2nd quarter worth about $2,435,000. OLD National Bancorp IN bought a new position in shares of Yum China during the 2nd quarter worth about $249,000. Stock Yards Bank & Trust Co. boosted its position in shares of Yum China by 3.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 8,937 shares of the company’s stock valued at $400,000 after acquiring an additional 309 shares in the last quarter. Finally, Ascent Group LLC increased its stake in Yum China by 26.6% in the second quarter. Ascent Group LLC now owns 6,200 shares of the company’s stock valued at $277,000 after acquiring an additional 1,301 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

Yum China Stock Down 0.4%

Shares of YUMC stock opened at $42.39 on Thursday. The firm has a fifty day moving average of $44.35 and a 200-day moving average of $45.22. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. Yum China has a 12-month low of $41.00 and a 12-month high of $53.99. The company has a market capitalization of $15.42 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.59 and a beta of 0.18.

Yum China (NYSE:YUMC) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share. As a group, equities research analysts predict that Yum China will post 2.54 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 2nd were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. Yum China’s dividend payout ratio (DPR) is currently 39.67%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Yum China in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Yum China presently has an average rating of “Buy” and an average price target of $60.00.

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.