Harvest Fund Management Co. Ltd Raises Stock Position in Yum China Holdings, Inc. (NYSE:YUMC)

Harvest Fund Management Co. Ltd grew its stake in Yum China Holdings, Inc. (NYSE:YUMC - Free Report) by 590.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,745 shares of the company's stock after buying an additional 52,808 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Yum China were worth $2,913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its position in shares of Yum China by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,967,353 shares of the company's stock worth $369,073,000 after acquiring an additional 121,617 shares during the period. Principal Financial Group Inc. raised its holdings in Yum China by 49.6% in 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 during the period. Mondrian Investment Partners LTD grew its holdings in Yum China by 56.3% in the second quarter. Mondrian Investment Partners LTD now owns 4,394,628 shares of the company's stock valued at $133,203,000 after purchasing an additional 1,582,859 shares during the period. Waverton Investment Management Ltd raised its stake in shares of Yum China by 350.7% during the 3rd quarter. Waverton Investment Management Ltd now owns 4,203,087 shares of the company's stock worth $189,202,000 after buying an additional 3,270,560 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Yum China by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,552,629 shares of the company's stock valued at $159,939,000 after buying an additional 11,535 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on YUMC shares. StockNews.com upgraded shares of Yum China from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Macquarie upgraded Yum China from an "underperform" rating to an "outperform" rating and boosted their price objective for the stock from $30.00 to $37.40 in a research note on Tuesday, August 6th. Citigroup upgraded Yum China to a "strong-buy" rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. upgraded Yum China from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $35.50 to $60.00 in a report on Tuesday, November 5th. Five investment 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 stock currently has a consensus rating of "Buy" and an average price target of $51.68.

Yum China Stock Up 1.1 %

Yum China stock traded up $0.52 during mid-day trading on Monday, reaching $47.59. 894,080 shares of the company's stock were exchanged, compared to its average volume of 3,197,052. The company has a fifty day moving average of $44.92 and a 200-day moving average of $37.49. The company has a market cap of $18.07 billion, a P/E ratio of 20.83, a P/E/G ratio of 1.67 and a beta of 0.36. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $52.00.

Yum China (NYSE:YUMC - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.09. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.03 billion. Yum China had a return on equity of 13.39% and a net margin of 7.97%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. Sell-side analysts expect that Yum China Holdings, Inc. will post 2.33 EPS for the current year.

Yum China Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.34%. Yum China's payout ratio is 28.32%.

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.