Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 9.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 973,305 shares of the company’s stock after buying an additional 83,150 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of Yum China Holdings worth $38,377,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new position in shares of Yum China Holdings during the fourth quarter valued at approximately $1,362,000. Capstone Asset Management Co. raised its position in shares of Yum China Holdings by 11.1% in the first quarter. Capstone Asset Management Co. now owns 27,164 shares of the company’s stock valued at $739,000 after buying an additional 2,704 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Yum China Holdings by 145.7% in the first quarter. Acadian Asset Management LLC now owns 261,314 shares of the company’s stock valued at $7,108,000 after buying an additional 154,938 shares in the last quarter. Whittier Trust Co. raised its position in shares of Yum China Holdings by 16.0% in the first quarter. Whittier Trust Co. now owns 12,204 shares of the company’s stock valued at $332,000 after buying an additional 1,687 shares in the last quarter. Finally, North Star Investment Management Corp. purchased a new position in shares of Yum China Holdings during the first quarter valued at approximately $384,000.

Shares of Yum China Holdings Inc (YUMC) opened at 35.75 on Monday. Yum China Holdings Inc has a 12 month low of $23.79 and a 12 month high of $42.12. The company’s 50-day moving average price is $36.99 and its 200-day moving average price is $33.80. The company has a market cap of $13.70 billion and a P/E ratio of 26.29.

Yum China Holdings (NASDAQ:YUMC) last announced its earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. The firm’s revenue was up .4% on a year-over-year basis. Equities analysts forecast that Yum China Holdings Inc will post $1.45 EPS for the current fiscal year.

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Several equities analysts have recently commented on YUMC shares. Goldman Sachs Group, Inc. (The) lowered Yum China Holdings from a “buy” rating to a “neutral” rating and set a $33.10 price target on the stock. in a research note on Friday, May 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded Yum China Holdings from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Friday, May 19th. J P Morgan Chase & Co started coverage on Yum China Holdings in a research note on Friday, June 2nd. They set an “overweight” rating and a $42.00 price target on the stock. Morgan Stanley raised their price target on Yum China Holdings from $35.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, June 26th. Finally, Oppenheimer Holdings, Inc. raised their price target on Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.56.

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

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.

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

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