Erste Asset Management GmbH Purchases New Stake in Yum China Holdings, Inc. (NYSE:YUMC)

Erste Asset Management GmbH purchased a new stake in shares of Yum China Holdings, Inc. (NYSE:YUMC - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 177,056 shares of the company's stock, valued at approximately $7,821,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Eagle Bay Advisors LLC raised its position in shares of Yum China by 53.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company's stock worth $34,000 after purchasing an additional 380 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Yum China by 43.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 846 shares of the company's stock worth $38,000 after acquiring an additional 258 shares during the period. McClarren Financial Advisors Inc. grew its stake in Yum China by 906.5% in 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 during the period. National Bank of Canada FI grew its stake in Yum China by 140.3% in the 2nd quarter. National Bank of Canada FI now owns 1,490 shares of the company's stock worth $45,000 after acquiring an additional 870 shares during the period. Finally, Mather Group LLC. grew its stake in Yum China by 172.1% in the 2nd quarter. Mather Group LLC. now owns 1,641 shares of the company's stock worth $51,000 after acquiring an additional 1,038 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Yum China Stock Down 0.0 %

Yum China stock traded down $0.02 during trading on Monday, reaching $46.53. 503,445 shares of the company's stock were exchanged, compared to its average volume of 3,179,903. The company's 50-day moving average is $46.08 and its two-hundred day moving average is $37.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.29. Yum China Holdings, Inc. has a 52-week low of $28.50 and a 52-week high of $52.00. The firm has a market cap of $17.67 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.65 and a beta of 0.36.

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 for the quarter, topping analysts' consensus estimates of $0.68 by $0.09. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the prior year, the company earned $0.59 EPS. The firm's revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Yum China Holdings, Inc. will post 2.33 earnings per share for the current year.

Yum China Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, November 26th. Yum China's payout ratio is 28.32%.

Wall Street Analysts Forecast Growth

Several research firms have commented on YUMC. Macquarie raised shares of Yum China from an "underperform" rating to an "outperform" rating and lifted their target price for the stock from $30.00 to $37.40 in a research note on Tuesday, August 6th. StockNews.com raised shares of Yum China from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. JPMorgan Chase & Co. raised shares of 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, Citigroup raised shares of Yum China to a "strong-buy" rating in a research note on Monday, September 30th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $51.68.

Insider Buying and Selling at Yum China

In other Yum China news, insider Duoduo (Howard) Huang sold 6,377 shares of the company's stock in a transaction that occurred 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 $789,948.27. This represents a 27.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate 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.