BOCHK Asset Management Ltd Purchases Shares of 18,000 Yum China Holdings, Inc. (NYSE:YUMC)

BOCHK Asset Management Ltd bought a new stake in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,000 shares of the company's stock, valued at approximately $867,000. Yum China makes up approximately 0.3% of BOCHK Asset Management Ltd's holdings, making the stock its 26th biggest holding.

Several other hedge funds have also recently made changes to their positions in YUMC. MBB Public Markets I LLC bought a new stake in Yum China in the second quarter worth $904,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Yum China by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,316 shares of the company's stock worth $380,000 after acquiring an additional 803 shares during the last quarter. Coronation Fund Managers Ltd. boosted its stake in shares of Yum China by 2.4% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 240,585 shares of the company's stock worth $7,420,000 after purchasing an additional 5,719 shares during the period. Sanctuary Advisors LLC bought a new position in Yum China during the 2nd quarter valued at about $945,000. Finally, Bard Financial Services Inc. purchased a new stake in Yum China in the 3rd quarter worth about $459,000. 85.58% of the stock is currently owned by hedge funds and other institutional investors.

Yum China Trading Down 2.9 %

Yum China stock traded down $1.36 during trading hours on Friday, hitting $46.23. The company had a trading volume of 1,778,622 shares, compared to its average volume of 1,919,030. 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 firm has a market cap of $17.56 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.37 and a beta of 0.35. The company has a 50-day moving average price of $46.82 and a two-hundred day moving average price of $41.86. Yum China Holdings, Inc. has a 1 year low of $28.50 and a 1 year high of $52.00.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly 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. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.03 billion. Yum China had a return on equity of 13.39% and a net margin of 7.97%. Yum China's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. On average, sell-side analysts anticipate that Yum China Holdings, Inc. will post 2.31 earnings per share for the current year.

Yum China Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.64 annualized dividend and a dividend yield of 1.38%. Yum China's dividend payout ratio is currently 28.32%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on YUMC shares. JPMorgan Chase & Co. upgraded Yum China from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $35.50 to $60.00 in a research report on Tuesday, November 5th. StockNews.com raised Yum China from a "hold" rating to a "buy" rating in a research note on Saturday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $49.57.

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 shares were sold at an average price of $47.47, for a total transaction of $302,716.19. Following the transaction, the insider now directly owns 16,641 shares in the company, valued at approximately $789,948.27. This trade represents a 27.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company's stock.

Yum China 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.