Yum China Holdings Inc (YUMC) Holdings Cut by Suntrust Banks Inc.
Suntrust Banks Inc. lessened its holdings in Yum China Holdings Inc (NASDAQ:YUMC) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,371 shares of the company’s stock after selling 190 shares during the period. Suntrust Banks Inc.’s holdings in Yum China Holdings were worth $1,117,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew 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 valued at $107,000 after acquiring an additional 102 shares during the last quarter. FNY Partners Fund LP grew its position in 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 valued at $100,000 after acquiring an additional 3,600 shares during the last quarter. Nippon Life Insurance Co. bought a new position in Yum China Holdings in the second quarter valued at about $162,000. Parthenon LLC bought a new position in Yum China Holdings in the second quarter valued at about $209,000. Finally, Taurus Asset Management LLC bought a new position in Yum China Holdings in the second quarter valued at about $212,000.
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In other Yum China Holdings news, insider Mark Chu sold 22,184 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 23,457 shares in the company, valued at approximately $884,798.04. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Yum China Holdings Inc (YUMC) opened at 39.89 on Thursday. The firm has a market capitalization of $15.29 billion and a price-to-earnings ratio of 29.33. The firm has a 50-day moving average price of $38.75 and a 200 day moving average price of $38.75. 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 released its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $1.60 billion. The business’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities research analysts forecast that Yum China Holdings Inc will post $1.47 earnings per share for the current fiscal year.
YUMC has been the topic of a number of recent analyst reports. Oppenheimer Holdings, Inc. lifted their target price on Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Citigroup Inc. began coverage on Yum China Holdings in a report on Monday, September 18th. They set a “buy” rating and a $51.00 price target on the stock. Zacks Investment Research cut Yum China Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Deutsche Bank AG cut Yum China Holdings from a “buy” rating to a “hold” rating and boosted their price target for the stock from $34.72 to $36.61 in a report on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $35.90 price target (up from $33.10) on shares of Yum China Holdings in a report 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 assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.11.
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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