Yum China Holdings, Inc.
In the published model solve dated 2026-Q2, anchored at $45.02, Yum China Holdings, Inc. (YUMC) is priced for -3.5% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Yum China operates KFC and Pizza Hut across China directly, ending 2025 with more than 16,600 stores, and the model leans on lowering build costs, the 10-K noting it continues to ⟦"lower the capital expenditures per store to tap into more locations"⟧ with flexible formats. • The defining risk is the single-country consumer: a restaurant operator concentrated in China is exposed to a cautious consumer, intense competition the 10-K calls ⟦"highly competitive with respect to price and quality,"⟧
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681 institutional managers reported holding YUMC in 13F filings for the quarter ended 2026-03-31. Together they hold about 58% of the company; the top 10 hold 28%. 82 opened new positions that quarter. Held by Vanguard Group, Dodge & Cox, FMR (Fidelity), among others. On the short side, 4.4M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (2.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
YUMC has cut its share count 16.2% over the past five years, spending $3.77B on repurchases. It pays a dividend, and has for 8 years running, raised 3 years straight; the current rate is $0.96 a share annually. Cash returned over the past three years: $811.00M in dividends and $3.10B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at YUMC over the trailing three years: 2023: 1 buy totaling $648k; 2024: 5 buys totaling $620k. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
YUMC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | -0.4% | -4.7% |
| 2023-11-10 | +1.8% | -15.5% |
| 2024-03-01 | +12.4% | -10.6% |
| 2024-05-09 | -7.9% | -16.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
YUMC's latest 8-K filings: 2026-08-07 (items 1.01, 2.01, 7.01, 9.01); 2026-08-06 (items 1.01, 2.03, 9.01); 2026-07-30 (items 2.02, 9.01); 2026-06-16 (items 1.01); 2026-06-16 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.