Yum China Holdings Inc (YUMC) Shares Sold by US Bancorp DE
US Bancorp DE lowered its position in Yum China Holdings Inc (NASDAQ:YUMC) by 17.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 102,169 shares of the company’s stock after selling 21,007 shares during the period. US Bancorp DE’s holdings in Yum China Holdings were worth $4,029,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. FNY Partners Fund LP raised its position in Yum China Holdings by 3,600.0% in the first quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock worth $100,000 after buying an additional 3,600 shares in the last quarter. Webster Bank N. A. raised its position in Yum China Holdings by 18.1% in the first quarter. Webster Bank N. A. now owns 4,080 shares of the company’s stock worth $111,000 after buying an additional 625 shares in the last quarter. Private Trust Co. NA bought a new position in Yum China Holdings during the second quarter worth about $251,000. BerganKDV Wealth Management LLC bought a new position in Yum China Holdings during the second quarter worth about $287,000. Finally, Burke & Herbert Bank & Trust Co. bought a new position in Yum China Holdings during the second quarter worth about $287,000.
Shares of Yum China Holdings Inc (NASDAQ:YUMC) traded up 0.13% during midday trading on Monday, reaching $37.18. The company’s stock had a trading volume of 1,457,298 shares. Yum China Holdings Inc has a 1-year low of $23.79 and a 1-year high of $42.12. The company has a market capitalization of $14.25 billion and a P/E ratio of 27.34. The stock has a 50 day moving average of $38.22 and a 200-day moving average of $32.66.
Yum China Holdings (NASDAQ:YUMC) last announced its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. The business’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Yum China Holdings Inc will post $1.44 earnings per share for the current year.
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A number of equities analysts recently issued reports on the company. Bank of America Corporation reissued a “neutral” rating and set a $41.60 price target on shares of Yum China Holdings in a report on Sunday, July 30th. Zacks Investment Research lowered Yum China Holdings from a “buy” rating to a “hold” rating in a report on Friday. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $35.90 price target (up previously from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. raised their price target on Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Finally, CIBC raised their price target on Yum China Holdings from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, April 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $37.56.
In other news, insider Shella Ng purchased 4,420 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $34.75 per share, for a total transaction of $153,595.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Louis Hsieh acquired 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $34.85 per share, with a total value of $1,045,500.00. Following the completion of the acquisition, the director now directly owns 39,080 shares of the company’s stock, valued at $1,361,938. The disclosure for this purchase can be found here.
Yum China Holdings Company Profile
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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