Harvest Fund Management Co. Ltd Has $11.10 Million Stock Holdings in Yum China Holdings, Inc. (NYSE:YUMC)

Harvest Fund Management Co. Ltd grew its holdings in Yum China Holdings, Inc. (NYSE:YUMC) by 207.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 261,708 shares of the company’s stock after buying an additional 176,672 shares during the quarter. Yum China accounts for approximately 1.7% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 16th biggest holding. Harvest Fund Management Co. Ltd’s holdings in Yum China were worth $11,103,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Yum China in the 4th quarter worth about $83,000. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Yum China by 4.9% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 197,244 shares of the company’s stock worth $8,367,000 after purchasing an additional 9,180 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Yum China in the 4th quarter worth about $48,000. AIA Group Ltd bought a new stake in shares of Yum China in the 4th quarter worth about $571,000. Finally, Flossbach Von Storch AG grew its holdings in Yum China by 44.4% during the 4th quarter. Flossbach Von Storch AG now owns 65,000 shares of the company’s stock worth $2,758,000 after acquiring an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Analyst Ratings Changes

YUMC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $38.00 price objective (down previously from $65.00) on shares of Yum China in a report on Thursday, January 4th. HSBC decreased their price objective on shares of Yum China from $66.80 to $51.30 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.65.

Yum China Trading Up 3.0 %

Shares of NYSE YUMC traded up $1.13 during mid-day trading on Tuesday, hitting $38.36. The company’s stock had a trading volume of 2,712,524 shares, compared to its average volume of 3,460,167. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.39 and a beta of 0.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.42 and a quick ratio of 1.24. Yum China Holdings, Inc. has a one year low of $33.55 and a one year high of $64.50. The company’s fifty day simple moving average is $40.13 and its 200-day simple moving average is $42.04.

Yum China (NYSE:YUMC) last issued its earnings results on Tuesday, February 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.12. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.32 billion. Yum China had a net margin of 7.53% and a return on equity of 11.63%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. On average, sell-side analysts anticipate that Yum China Holdings, Inc. will post 2.19 earnings per share for the current fiscal year.

Yum China Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 5th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, March 4th. This is a positive change from Yum China’s previous quarterly dividend of $0.13. Yum China’s dividend payout ratio (DPR) is 32.65%.

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.