BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,400 shares of the company’s stock after buying an additional 4,200 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Yum China Holdings were worth $3,407,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of YUMC. Blue Fin Capital Inc. bought a new stake in shares of Yum China Holdings during the second quarter worth $229,000. Wedbush Securities Inc. bought a new stake in shares of Yum China Holdings during the second quarter worth $229,000. Rhumbline Advisers raised its stake in shares of Yum China Holdings by 22.5% in the second quarter. Rhumbline Advisers now owns 417,949 shares of the company’s stock worth $16,480,000 after buying an additional 76,724 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Yum China Holdings by 11.1% in the second quarter. Teacher Retirement System of Texas now owns 780,299 shares of the company’s stock worth $30,767,000 after buying an additional 78,213 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Yum China Holdings during the second quarter worth $16,634,000.

Shares of Yum China Holdings Inc (NASDAQ YUMC) opened at 36.70 on Thursday. The firm’s 50-day moving average is $37.07 and its 200-day moving average is $33.73. Yum China Holdings Inc has a 12-month low of $23.79 and a 12-month high of $42.12. The firm has a market cap of $14.07 billion and a price-to-earnings ratio of 26.99.

Yum China Holdings (NASDAQ:YUMC) last issued its earnings results on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, topping 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 the consensus estimate of $1.60 billion. Yum China Holdings’s revenue was up .4% on a year-over-year basis. Analysts predict that Yum China Holdings Inc will post $1.45 earnings per share for the current fiscal year.

WARNING: This story was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/08/24/british-columbia-investment-management-corp-raises-position-in-yum-china-holdings-inc-yumc.html.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Yum China Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Bank of America Corporation reissued a “neutral” rating and issued a $41.60 price target on shares of Yum China Holdings in a report on Sunday, July 30th. Morgan Stanley reissued an “overweight” rating and issued a $41.00 price target on shares of Yum China Holdings in a report on Friday, July 7th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $35.90 price target (up previously from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. Finally, Deutsche Bank AG lowered shares of Yum China Holdings from a “buy” rating to a “hold” rating and raised their price target for the company from $34.72 to $36.61 in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Yum China Holdings currently has an average rating of “Hold” and an average target price of $37.56.

In related news, insider Mark Chu sold 22,184 shares of Yum China Holdings stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total value of $836,780.48. Following the transaction, the insider now directly owns 23,457 shares of the company’s stock, valued at $884,798.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

About Yum China Holdings

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.

Want to see what other hedge funds are holding YUMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum China Holdings Inc (NASDAQ:YUMC).

Institutional Ownership by Quarter for Yum China Holdings (NASDAQ:YUMC)

Receive News & Stock Ratings for Yum China Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China Holdings Inc and related stocks with our FREE daily email newsletter.