Shanghai Lockdowns Hurt Yum China Holdings (YUMC) in the Second Quarter

Cooper Investors, an asset management company, released its “Cooper Investors Global Equities Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. The fund declined 23.8% compared to a 15.6% decline for its benchmark index for the six months ended June 30, 2022. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Cooper Investors discussed stocks like Yum China Holdings, Inc. (NYSE:YUMC) in the second quarter investor letter. Headquartered in Shanghai, China, Yum China Holdings, Inc. (NYSE:YUMC) operates as a restaurant company. On September 13, 2022, Yum China Holdings, Inc. (NYSE:YUMC) stock closed at $49.75 per share. One-month return of Yum China Holdings, Inc. (NYSE:YUMC) was 3.37% and its shares lost 13.63% of their value over the last 52 weeks. Yum China Holdings, Inc. (NYSE:YUMC)  has a market capitalization of $20.876 billion.

Here is what Cooper Investors specifically said about Yum China Holdings, Inc. (NYSE:YUMC) in its Q2 2022 investor letter:

“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.”

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Yum China Holdings, Inc. (NYSE:YUMC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held Yum China Holdings, Inc. (NYSE:YUMC) at the end of the second quarter which was 27 in the previous quarter.

We discussed Yum China Holdings, Inc. (NYSE:YUMC) in another article and shared Baron Funds’ views on the company. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

Disclosure: None. This article is originally published at Insider Monkey.