Whalerock Point Partners LLC Has $625,000 Position in Yum China Holdings Inc (YUMC)
Whalerock Point Partners LLC increased its position in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,850 shares of the company’s stock after buying an additional 500 shares during the period. Whalerock Point Partners LLC’s holdings in Yum China Holdings were worth $625,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YUMC. Parkside Financial Bank & Trust raised its position in Yum China Holdings by 3.9% in the second quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock worth $107,000 after buying an additional 102 shares in the last quarter. FNY Partners Fund LP raised its position in shares of 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 during the period. Webster Bank N. A. raised its position in shares of 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 during the period. Nippon Life Insurance Co. acquired a new position in shares of Yum China Holdings during the second quarter worth about $162,000. Finally, Parthenon LLC acquired a new position in shares of Yum China Holdings during the second quarter worth about $209,000.
Shares of Yum China Holdings Inc (YUMC) traded up 0.37% during mid-day trading on Wednesday, hitting $35.31. The stock had a trading volume of 218,919 shares. Yum China Holdings Inc has a 12-month low of $23.79 and a 12-month high of $42.12. The firm’s 50-day moving average price is $36.99 and its 200 day moving average price is $33.80. The stock has a market cap of $13.54 billion and a price-to-earnings ratio of 25.96.
Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts forecast that Yum China Holdings Inc will post $1.45 EPS for the current fiscal year.
A number of brokerages have issued reports on YUMC. Zacks Investment Research upgraded Yum China Holdings from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research report on Thursday, June 1st. Oppenheimer Holdings, Inc. boosted their price target on Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Bank of America Corporation reiterated a “neutral” rating and set a $41.60 price target on shares of Yum China Holdings in a research report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $35.90 price target (up previously from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Finally, Morgan Stanley boosted their price target on Yum China Holdings from $35.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Yum China Holdings currently has a consensus rating of “Hold” and an average target price of $37.56.
In other Yum China Holdings news, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total transaction of $836,780.48. Following the sale, the insider now owns 23,457 shares of the company’s stock, valued at $884,798.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.
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