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

Erste Asset Management GmbH purchased a new stake in shares of Yum China Holdings, Inc. (NYSE:YUMC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 177,056 shares of the company’s stock, valued at approximately $7,821,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake 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 valued at $38,000 after acquiring an additional 258 shares during the last quarter. McClarren Financial Advisors Inc. raised its position in Yum China by 906.5% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock valued at $42,000 after purchasing an additional 834 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in Yum China by 53.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock worth $34,000 after buying an additional 380 shares during the period. National Bank of Canada FI lifted its holdings 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 buying an additional 870 shares during the period. Finally, Concord Wealth Partners grew its position in shares of Yum China by 56.9% in the 3rd quarter. Concord Wealth Partners now owns 1,571 shares of the company’s stock worth $71,000 after buying an additional 570 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

Yum China Stock Down 0.5 %

Shares of Yum China stock opened at $46.55 on Monday. Yum China Holdings, Inc. has a 1 year low of $28.50 and a 1 year high of $52.00. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.65 and a beta of 0.36. The company has a 50-day moving average of $46.08 and a 200 day moving average of $37.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.15.

Yum China (NYSE:YUMC) last released its earnings results on Monday, November 4th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $3.03 billion. During the same period last year, the business earned $0.59 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Yum China Holdings, Inc. will post 2.33 earnings per share for the current fiscal year.

Yum China Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, November 26th. Yum China’s dividend payout ratio (DPR) is 28.32%.

Insider Transactions at Yum China

In related news, insider Duoduo (Howard) Huang sold 6,377 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $47.47, for a total transaction of $302,716.19. Following the completion of the sale, the insider now owns 16,641 shares of the company’s stock, valued at $789,948.27. This trade represents a 27.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Yum China from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Macquarie raised shares of Yum China from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $37.40 in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised shares of Yum China from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $35.50 to $60.00 in a research note on Tuesday, November 5th. Finally, Citigroup raised Yum China to a “strong-buy” rating in a research report on Monday, September 30th. Five 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.com, the company presently has a consensus rating of “Buy” and a consensus price target of $51.68.

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.