Yum China Holdings Inc (YUMC) Shares Bought by HighTower Advisors LLC
HighTower Advisors LLC increased its holdings in Yum China Holdings Inc (NASDAQ:YUMC) by 15.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,828 shares of the company’s stock after acquiring an additional 7,024 shares during the quarter. HighTower Advisors LLC’s holdings in Yum China Holdings were worth $2,127,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its stake 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 acquiring an additional 6,087,048 shares during the period. Clearbridge Investments LLC lifted its stake 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 acquiring an additional 956,175 shares during the period. FMR LLC lifted its stake 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 acquiring an additional 455,254 shares during the period. UBS Asset Management Americas Inc. lifted its stake in Yum China Holdings by 62.7% in the second quarter. UBS Asset Management Americas Inc. now owns 4,167,324 shares of the company’s stock worth $164,318,000 after acquiring an additional 1,605,418 shares during the period. Finally, Northern Trust Corp lifted its stake in Yum China Holdings by 4.4% in the second quarter. Northern Trust Corp now owns 3,716,823 shares of the company’s stock worth $146,554,000 after acquiring an additional 157,477 shares during the period.
Yum China Holdings Inc (YUMC) opened at 40.82 on Friday. The stock has a market cap of $15.65 billion and a price-to-earnings ratio of 30.01. Yum China Holdings Inc has a 12 month low of $23.79 and a 12 month high of $41.10. The firm’s 50-day moving average price is $38.91 and its 200 day moving average price is $38.91.
Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings data on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. On average, analysts anticipate that Yum China Holdings Inc will post $1.46 earnings per share for the current year.
Yum China Holdings announced that its board has approved a share repurchase plan on Thursday, October 5th that allows the company to repurchase $550.00 million in shares. This repurchase authorization allows the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a special dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, November 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 29th.
In related news, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 23,457 shares in the company, valued at approximately $884,798.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
A number of brokerages recently commented on YUMC. Deutsche Bank AG raised Yum China Holdings from a “hold” rating to a “buy” rating in a research note on Friday. CIBC reaffirmed an “outperform” rating and issued a $45.00 price target (up previously from $43.00) on shares of Yum China Holdings in a research note on Friday. Bank of America Corporation reaffirmed a “neutral” rating and issued a $45.10 price target (up previously from $41.60) on shares of Yum China Holdings in a research note on Friday. Oppenheimer Holdings, Inc. raised their price target on Yum China Holdings from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Zacks Investment Research lowered Yum China Holdings from a “hold” rating to a “sell” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.52.
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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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