Yum China Holdings Inc (YUMC) Stake Boosted by FIL Ltd
FIL Ltd grew its holdings in Yum China Holdings Inc (NASDAQ:YUMC) by 194.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,157,147 shares of the company’s stock after purchasing an additional 1,423,675 shares during the period. FIL Ltd owned approximately 0.56% of Yum China Holdings worth $85,056,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in shares of Yum China Holdings by 3.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock valued at $107,000 after purchasing an additional 102 shares during the last quarter. FNY Partners Fund LP lifted its stake in shares of Yum China Holdings by 3,600.0% in the 1st quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock valued at $100,000 after purchasing an additional 3,600 shares during the last quarter. Nippon Life Insurance Co. acquired a new position in shares of Yum China Holdings in the 2nd quarter valued at $162,000. Parthenon LLC acquired a new position in shares of Yum China Holdings in the 2nd quarter valued at $209,000. Finally, Taurus Asset Management LLC acquired a new position in shares of Yum China Holdings in the 2nd quarter valued at $212,000.
Several equities analysts have recently commented on the company. Citigroup Inc. assumed coverage on Yum China Holdings in a research note on Monday. They issued a “buy” rating and a $51.00 price target on the stock. Zacks Investment Research raised Yum China Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $41.60 price target on shares of Yum China Holdings in a research note on Sunday, July 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $41.00 price target on shares of Yum China Holdings in a research note on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $35.90 price target (up previously from $33.10) on shares of Yum China Holdings 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 five have issued a buy rating to the company’s stock. Yum China Holdings presently has an average rating of “Hold” and an average target price of $38.68.
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In related news, insider Mark Chu sold 22,184 shares of Yum China Holdings stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $37.72, for a total value of $836,780.48. Following the transaction, the insider now owns 23,457 shares in the company, valued at $884,798.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Yum China Holdings Inc (NASDAQ YUMC) traded up 0.05% during midday trading on Friday, hitting $39.86. The company had a trading volume of 503,417 shares. The firm has a market cap of $15.28 billion and a price-to-earnings ratio of 29.31. The stock has a 50 day moving average of $37.42 and a 200 day moving average of $37.42. Yum China Holdings Inc has a 52-week low of $23.79 and a 52-week high of $40.05.
Yum China Holdings (NASDAQ:YUMC) last issued its earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share for the quarter, beating 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 firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. The business’s revenue was up .4% compared to the same quarter last year. On average, analysts anticipate that Yum China Holdings Inc will post $1.46 EPS for the current year.
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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