Yum China Holdings Inc (YUMC) Stake Lowered by Webster Bank N. A.
Webster Bank N. A. reduced its stake in Yum China Holdings Inc (NASDAQ:YUMC) by 36.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,590 shares of the company’s stock after selling 1,490 shares during the period. Webster Bank N. A.’s holdings in Yum China Holdings were worth $102,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. FNY Partners Fund LP boosted its stake 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 valued at $100,000 after buying an additional 3,600 shares during the period. Intrust Bank NA acquired a new stake in Yum China Holdings during the first quarter valued at $201,000. World Asset Management Inc acquired a new stake in Yum China Holdings during the first quarter valued at $215,000. First Interstate Bank acquired a new stake in Yum China Holdings during the first quarter valued at $235,000. Finally, ST Germain D J Co. Inc. boosted its stake in Yum China Holdings by 0.4% in the first quarter. ST Germain D J Co. Inc. now owns 8,758 shares of the company’s stock valued at $238,000 after buying an additional 34 shares during the period.
Yum China Holdings Inc (NASDAQ:YUMC) traded down 0.13% on Tuesday, reaching $37.13. The company had a trading volume of 1,607,521 shares. Yum China Holdings Inc has a 52 week low of $23.79 and a 52 week high of $42.12. The company has a market capitalization of $14.23 billion and a P/E ratio of 27.30. The stock’s 50-day moving average is $37.98 and its 200-day moving average is $32.75.
Yum China Holdings (NASDAQ:YUMC) last announced its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.60 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The company’s revenue was up .4% compared to the same quarter last year. Equities research analysts forecast that Yum China Holdings Inc will post $1.44 EPS for the current fiscal year.
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A number of research firms have recently commented on YUMC. Zacks Investment Research cut Yum China Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $35.90 target price (up previously from $33.10) on shares of Yum China Holdings in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. raised their target price on Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Deutsche Bank AG cut Yum China Holdings from a “buy” rating to a “hold” rating and raised their target price for the company from $34.72 to $36.61 in a research note on Thursday, July 6th. Finally, J P Morgan Chase & Co began coverage on Yum China Holdings in a research note on Friday, June 2nd. They issued an “overweight” rating and a $42.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $37.56.
In related news, insider Shella Ng bought 4,420 shares of the stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $34.75 per share, for a total transaction of $153,595.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Louis Hsieh bought 30,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $34.85 per share, with a total value of $1,045,500.00. Following the acquisition, the director now 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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