Nordea Investment Management AB increased its holdings in Yum China Holdings Inc (NASDAQ:YUMC) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,771 shares of the company’s stock after purchasing an additional 6,191 shares during the period. Nordea Investment Management AB’s holdings in Yum China Holdings were worth $4,210,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in Yum China Holdings by 28.7% in the second quarter. BlackRock Inc. now owns 27,306,495 shares of the company’s stock worth $1,076,695,000 after purchasing an additional 6,087,048 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Yum China Holdings by 0.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,321,338 shares of the company’s stock worth $416,741,000 after purchasing an additional 126,232 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in Yum China Holdings by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 10,885,386 shares of the company’s stock worth $296,083,000 after purchasing an additional 32,594 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Yum China Holdings by 13.8% in the first quarter. Clearbridge Investments LLC now owns 7,908,117 shares of the company’s stock worth $215,101,000 after purchasing an additional 956,175 shares in the last quarter. Finally, FMR LLC boosted its holdings in Yum China Holdings by 7.4% in the second quarter. FMR LLC now owns 6,576,492 shares of the company’s stock worth $259,311,000 after purchasing an additional 455,254 shares in the last quarter.

Shares of Yum China Holdings Inc (NASDAQ:YUMC) opened at 39.97 on Friday. The firm’s 50-day moving average is $37.42 and its 200-day moving average is $37.42. The company has a market capitalization of $15.32 billion and a PE ratio of 29.39. Yum China Holdings Inc has a 12-month low of $23.79 and a 12-month high of $40.63.

Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. Yum China Holdings’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Yum China Holdings Inc will post $1.47 EPS for the current fiscal year.

YUMC has been the subject of a number of recent research reports. J P Morgan Chase & Co initiated coverage on shares of Yum China Holdings in a report on Friday, June 2nd. They issued an “overweight” rating and a $42.00 price objective for the company. Zacks Investment Research cut shares of Yum China Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Morgan Stanley upped their price objective on shares of Yum China Holdings from $35.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, June 26th. Oppenheimer Holdings, Inc. upped their price objective on shares of Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Finally, Deutsche Bank AG cut shares of Yum China Holdings from a “buy” rating to a “hold” rating and upped their price objective for the stock from $34.72 to $36.61 in a report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $38.68.

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

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.

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

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