18,000 Shares in Yum China Holdings, Inc. (NYSE:YUMC) Purchased by BOCHK Asset Management Ltd

BOCHK Asset Management Ltd bought a new position in shares of Yum China Holdings, Inc. (NYSE:YUMC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,000 shares of the company’s stock, valued at approximately $867,000. Yum China accounts for approximately 0.3% of BOCHK Asset Management Ltd’s portfolio, making the stock its 26th biggest holding.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Yum China by 43.9% during the third 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. boosted its stake in shares of Yum China by 906.5% during the third quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock valued at $42,000 after purchasing an additional 834 shares in the last quarter. Concord Wealth Partners boosted its stake in shares of Yum China by 56.9% during the third quarter. Concord Wealth Partners now owns 1,571 shares of the company’s stock valued at $71,000 after purchasing an additional 570 shares in the last quarter. Eastern Bank bought a new position in shares of Yum China during the third quarter valued at approximately $103,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Yum China during the third quarter valued at approximately $110,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Yum China from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $35.50 to $60.00 in a research note on Tuesday, November 5th. StockNews.com downgraded shares of Yum China from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Yum China has a consensus rating of “Buy” and a consensus target price of $49.57.

Insiders Place Their Bets

In other Yum China news, insider Duoduo (Howard) Huang sold 6,377 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $47.47, for a total value of $302,716.19. Following the completion of the transaction, the insider now owns 16,641 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Yum China Price Performance

Shares of YUMC opened at $45.60 on Wednesday. The company has a market cap of $17.32 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 1.34 and a beta of 0.35. Yum China Holdings, Inc. has a twelve month low of $28.50 and a twelve month high of $52.00. The company has a quick ratio of 1.15, a current ratio of 1.29 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $46.86 and a two-hundred day moving average of $41.62.

Yum China (NYSE:YUMC) last announced its earnings results on Monday, November 4th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.03 billion. Yum China had a net margin of 7.97% and a return on equity of 13.39%. Yum China’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.59 earnings per share. As a group, analysts predict that Yum China Holdings, Inc. will post 2.33 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, December 17th. Shareholders of record on Tuesday, November 26th were paid a $0.16 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.64 annualized dividend and a yield of 1.40%. Yum China’s dividend payout ratio (DPR) 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.