E Fund Management Co. Ltd. Sells 300,570 Shares of Yum China Holdings, Inc. (NYSE:YUMC)

E Fund Management Co. Ltd. cut its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 69.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 130,000 shares of the company’s stock after selling 300,570 shares during the quarter. Yum China makes up approximately 0.3% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 26th biggest position. E Fund Management Co. Ltd.’s holdings in Yum China were worth $5,516,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of YUMC. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Yum China during the third quarter valued at approximately $27,000. NBC Securities Inc. bought a new position in Yum China in the third quarter worth approximately $29,000. Venturi Wealth Management LLC purchased a new stake in shares of Yum China in the 3rd quarter worth $44,000. Anchor Investment Management LLC bought a new position in Yum China in the 4th quarter worth $40,000. Finally, Column Capital Advisors LLC lifted its position in Yum China by 122.4% during the third quarter. Column Capital Advisors LLC now owns 1,130 shares of the company’s stock valued at $63,000 after purchasing an additional 622 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors.

Yum China Trading Up 2.2 %

Shares of YUMC traded up $0.81 during midday trading on Thursday, hitting $38.09. The stock had a trading volume of 1,757,004 shares, compared to its average volume of 3,437,173. Yum China Holdings, Inc. has a 1 year low of $33.55 and a 1 year high of $62.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.42 and a quick ratio of 1.24. The stock’s 50 day moving average is $39.32 and its 200 day moving average is $40.94. The firm has a market cap of $14.93 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.77 and a beta of 0.46.

Yum China (NYSE:YUMC) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. Yum China had a net margin of 7.49% and a return on equity of 11.65%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts forecast that Yum China Holdings, Inc. will post 2.19 EPS for the current fiscal year.

Yum China Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.64 annualized dividend and a dividend yield of 1.68%. Yum China’s dividend payout ratio is currently 32.16%.

Wall Street Analyst Weigh In

Separately, HSBC dropped their price target on shares of Yum China from $66.80 to $51.30 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.65.

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.