E Fund Management Hong Kong Co. Ltd. Has $6.82 Million Stock Holdings in Yum China $YUMC

E Fund Management Hong Kong Co. Ltd. lowered its stake in Yum China (NYSE:YUMC) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,454 shares of the company’s stock after selling 1,346 shares during the quarter. Yum China accounts for approximately 6.6% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 4th largest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Yum China were worth $6,816,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Hughes Financial Services LLC bought a new stake in Yum China during the 1st quarter valued at $29,000. SouthState Corp grew its stake in shares of Yum China by 4,915.4% in the 1st quarter. SouthState Corp now owns 652 shares of the company’s stock worth $34,000 after acquiring an additional 639 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of Yum China in the 2nd quarter worth $36,000. CX Institutional bought a new stake in shares of Yum China in the 1st quarter worth $37,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Yum China in the 1st quarter worth $41,000. Institutional investors own 85.58% of the company’s stock.

Yum China Price Performance

NYSE YUMC opened at $42.39 on Thursday. The company has a market cap of $15.42 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.59 and a beta of 0.18. Yum China has a 52 week low of $41.00 and a 52 week high of $53.99. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $44.35 and its two-hundred day simple moving average is $45.22.

Yum China (NYSE:YUMC) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Yum China had a net margin of 8.04% and a return on equity of 14.13%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. Research analysts predict that Yum China will post 2.54 earnings per share for the current year.

Yum China Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Yum China in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.