Southeastern Asset Management Inc. TN Trims Position in Yum China Holdings Inc (YUMC)
Southeastern Asset Management Inc. TN lowered its position in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 47.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,122,913 shares of the company’s stock after selling 4,715,100 shares during the period. Yum China Holdings comprises about 2.2% of Southeastern Asset Management Inc. TN’s portfolio, making the stock its 13th biggest position. Southeastern Asset Management Inc. TN owned about 1.34% of Yum China Holdings worth $201,996,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of YUMC. FNY Partners Fund LP grew its position in Yum China Holdings by 3,600.0% during the 1st quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock worth $100,000 after acquiring an additional 3,600 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Yum China Holdings by 3.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock worth $107,000 after acquiring an additional 102 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new stake in Yum China Holdings during the 2nd quarter worth $157,000. Nippon Life Insurance Co. bought a new stake in Yum China Holdings during the 2nd quarter worth $162,000. Finally, Parthenon LLC bought a new stake in Yum China Holdings during the 2nd quarter worth $209,000.
In related news, insider Mark Chu sold 22,184 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $37.72, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Yum China Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Oppenheimer Holdings, Inc. boosted their price objective on Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Bank of America Corporation restated a “neutral” rating and set a $41.60 price objective on shares of Yum China Holdings in a research report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $35.90 price objective (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 objective 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. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.11.
Yum China Holdings Inc (YUMC) traded up 0.20% during midday trading on Thursday, hitting $39.97. The company’s stock had a trading volume of 1,667,122 shares. The stock has a 50 day moving average of $38.75 and a 200 day moving average of $38.75. The company has a market cap of $15.32 billion and a PE ratio of 29.39. Yum China Holdings Inc has a 52-week low of $23.79 and a 52-week high of $40.99.
Yum China Holdings (NASDAQ:YUMC) last posted its earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm’s revenue was up .4% compared to the same quarter last year. On average, equities analysts expect that Yum China Holdings Inc will post $1.47 EPS for the current year.
Yum China Holdings 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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