Yum China (NYSE:YUMC) Shares Sold by BOCHK Asset Management Ltd

BOCHK Asset Management Ltd cut its position in shares of Yum China (NYSE:YUMC - Free Report) by 77.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,000 shares of the company's stock after selling 14,000 shares during the period. BOCHK Asset Management Ltd's holdings in Yum China were worth $208,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in Yum China by 40.4% during the fourth quarter. US Bancorp DE now owns 31,821 shares of the company's stock valued at $1,533,000 after purchasing an additional 9,155 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Yum China by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 13,887 shares of the company's stock worth $669,000 after buying an additional 3,979 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Yum China by 4.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,180 shares of the company's stock worth $298,000 after buying an additional 276 shares in the last quarter. Atria Investments Inc lifted its stake in shares of Yum China by 1.2% in the fourth quarter. Atria Investments Inc now owns 23,074 shares of the company's stock worth $1,111,000 after buying an additional 273 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Yum China in the fourth quarter worth about $68,638,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Daiwa America raised shares of Yum China to a "strong-buy" rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Yum China presently has an average rating of "Buy" and an average price target of $48.70.

Yum China Trading Up 0.2%

Yum China stock traded up $0.10 during midday trading on Tuesday, hitting $47.68. 489,817 shares of the stock were exchanged, compared to its average volume of 2,885,069. Yum China has a fifty-two week low of $28.50 and a fifty-two week high of $53.99. The stock has a market capitalization of $17.70 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.73 and a beta of 0.28. The stock's 50-day simple moving average is $44.18 and its 200 day simple moving average is $46.34. The company has a current ratio of 1.26, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01.

Yum China (NYSE:YUMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). Yum China had a return on equity of 14.08% and a net margin of 8.09%. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. Yum China's revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts anticipate that Yum China will post 2.54 EPS for the current year.

Yum China Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Wednesday, May 28th. Yum China's dividend payout ratio is presently 40.17%.

About Yum China

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.