Hudson Bay Capital buys 91,902 Yum China shares worth $3.94M amid strong earnings and dividend hike.

Hudson Bay Capital Management acquired 91,902 shares of Yum China valued at about $3.94 million in Q3, reflecting growing investor confidence. Yum China recently reported better-than-expected quarterly earnings and raised its quarterly dividend from $0.24 to $0.29 per share. The company also announced a $1 billion share buyback plan, signaling management's belief that the stock is undervalued. Analysts maintain a moderate buy rating with an average target price around $59, highlighting positive growth prospects in the fast-food market in China.