Yum China Holdings Inc (YUMC) Shares Bought by New England Asset Management Inc.
New England Asset Management Inc. raised its holdings in Yum China Holdings Inc (NASDAQ:YUMC) by 97.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,200 shares of the company’s stock after acquiring an additional 13,900 shares during the period. New England Asset Management Inc.’s holdings in Yum China Holdings were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of YUMC. FNY Partners Fund LP grew its stake 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 period. Parkside Financial Bank & Trust boosted its position in shares of Yum China Holdings by 3.9% during 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 during the period. San Francisco Sentry Investment Group CA acquired a new position in shares of Yum China Holdings during the second quarter worth about $157,000. 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.
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In other Yum China Holdings news, insider Mark Chu sold 22,184 shares of Yum China Holdings stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $37.72, for a total transaction of $836,780.48. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through the SEC website.
YUMC has been the subject of several recent research reports. Morgan Stanley upped 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. Zacks Investment Research cut Yum China Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Deutsche Bank AG cut 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 research report on Thursday, July 6th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $43.00 price objective on shares of Yum China Holdings in a research report on Friday, September 29th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $41.60 price objective on shares of Yum China Holdings in a research report on Sunday, July 30th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.20.
Yum China Holdings Inc (NASDAQ:YUMC) traded up 1.28% on Friday, hitting $40.48. The stock had a trading volume of 4,373,787 shares. Yum China Holdings Inc has a 52 week low of $23.79 and a 52 week high of $40.99. The stock has a market capitalization of $15.52 billion and a price-to-earnings ratio of 29.76. The company has a 50-day moving average price of $38.81 and a 200-day moving average price of $38.81.
Yum China Holdings (NASDAQ:YUMC) last issued its earnings results on Thursday, October 5th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.98 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities research analysts anticipate that Yum China Holdings Inc will post $1.46 earnings per share for the current fiscal year.
Yum China Holdings declared that its board has initiated a share repurchase plan on Thursday, October 5th that authorizes the company to buyback $550.00 million in shares. This buyback authorization authorizes the company to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.
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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