5 Best Coffee Stocks to Buy Now

4. Yum China Holdings, Inc. (NYSE:YUMC)

Number of Hedge Fund Holders: 27  

Yum China Holdings, Inc. (NYSE:YUMC) owns, operates, and franchises restaurants in China. The firm owns Lavazza Group, one of the most famous Italian coffee brands in the world. On November 1, Yum China Holdings declared a quarterly dividend of $0.12 per share, in line with the previous. The forward yield was 1.16%. On November 1, Yum China posted earnings for the third quarter of 2022, reporting earnings per share of $0.49. The revenue over the period was $2.21 billion, up 7.8% compared to the revenue over the same period last year.

Among the hedge funds being tracked by Insider Monkey, London-based investment firm GuardCap Asset Management is a leading shareholder in Yum China Holdings, Inc. (NYSE:YUMC) with 8.98 million shares worth more than $425.2 million. 

In its Q2 2022 investor letter, Cooper Investors, an asset management firm, highlighted a few stocks and Yum China Holdings, Inc. (NYSE:YUMC) was one of them. Here is what the fund said:

“Yum China Holdings, Inc. (NYSE:YUMC) – With the world emerging after two years of COVID, the extreme Shanghai lockdowns caught the company and frankly us a little by surprise. While the proposition for domestic KFC roll-out remains intact Yum China has not behaved like a Stalwart this year.”