Zacks Investment Management Invests $324,000 in Yum China Holdings Inc (YUMC) Stock
Zacks Investment Management acquired a new stake in Yum China Holdings Inc (NASDAQ:YUMC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,207 shares of the company’s stock, valued at approximately $324,000.
A number of other large investors have also recently bought and sold shares of YUMC. Comerica Bank increased its stake in Yum China Holdings by 8.6% in the 1st quarter. Comerica Bank now owns 28,737 shares of the company’s stock valued at $985,000 after buying an additional 2,273 shares during the last quarter. World Asset Management Inc purchased a new stake in Yum China Holdings in the 1st quarter valued at about $215,000. UBS Asset Management Americas Inc. increased its stake in Yum China Holdings by 123.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 2,561,906 shares of the company’s stock valued at $69,684,000 after buying an additional 1,416,991 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Yum China Holdings by 42.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 35,414 shares of the company’s stock valued at $961,000 after buying an additional 10,580 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Yum China Holdings by 209.0% in the 1st quarter. Neuberger Berman Group LLC now owns 54,686 shares of the company’s stock valued at $1,487,000 after buying an additional 36,987 shares during the last quarter.
YUMC has been the subject of several analyst reports. Morgan Stanley increased their price objective on shares of Yum China Holdings from $35.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, June 26th. Zacks Investment Research lowered shares of Yum China Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Deutsche Bank AG lowered shares of Yum China Holdings from a “buy” rating to a “hold” rating and increased their price objective for the company from $34.72 to $36.61 in a research note on Thursday, July 6th. Bank of America Corporation reiterated a “neutral” rating and issued a $41.60 price objective on shares of Yum China Holdings in a research note on Sunday, July 30th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $43.00 price objective on shares of Yum China Holdings in a research note on Friday, September 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Yum China Holdings currently has a consensus rating of “Hold” and an average target price of $38.11.
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In other news, insider Mark Chu sold 22,184 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were 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 directly owns 23,457 shares of the company’s stock, valued at $884,798.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Yum China Holdings Inc (NASDAQ:YUMC) opened at 39.97 on Friday. Yum China Holdings Inc has a 52 week low of $23.79 and a 52 week high of $40.99. The stock’s 50 day moving average is $38.81 and its 200 day moving average is $38.81. The stock has a market cap of $15.32 billion and a price-to-earnings ratio of 29.39.
Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings data on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.04). Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts forecast that Yum China Holdings Inc will post $1.46 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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