14,295 Shares in Yum China Holdings Inc (YUMC) Acquired by Cetera Investment Advisers
Cetera Investment Advisers acquired a new position in Yum China Holdings Inc (NASDAQ:YUMC) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 14,295 shares of the company’s stock, valued at approximately $569,000.
Other institutional investors have also added to or reduced their stakes in the company. FNY Partners Fund LP boosted its position in shares of Yum China Holdings by 3,600.0% in the 1st quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock worth $100,000 after buying an additional 3,600 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Yum China Holdings by 3.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock worth $107,000 after buying an additional 102 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of Yum China Holdings in the 2nd quarter worth about $157,000. Nippon Life Insurance Co. purchased a new stake in shares of Yum China Holdings in the 2nd quarter worth about $162,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Yum China Holdings in the 2nd quarter worth about $176,000.
Shares of Yum China Holdings Inc (YUMC) traded down 0.37% during midday trading on Wednesday, reaching $42.52. The company’s stock had a trading volume of 331,964 shares. The company has a market capitalization of $16.34 billion and a price-to-earnings ratio of 31.26. Yum China Holdings Inc has a 52-week low of $23.79 and a 52-week high of $43.55. The stock has a 50 day moving average price of $39.65 and a 200-day moving average price of $39.65.
Yum China Holdings (NASDAQ:YUMC) last announced its quarterly earnings data on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business posted $0.52 EPS. Yum China Holdings’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts expect that Yum China Holdings Inc will post $1.41 EPS for the current year.
The business also recently declared a special dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, November 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, November 29th.
Yum China Holdings announced that its Board of Directors has approved a stock buyback plan on Thursday, October 5th that authorizes the company to repurchase $550.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
In related news, insider Angela Ai sold 17,678 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $43.05, for a total value of $761,037.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark Chu sold 22,184 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were 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 directly owns 23,457 shares in the company, valued at approximately $884,798.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,606 shares of company stock worth $1,708,901.
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Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Yum China Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Morgan Stanley reiterated an “overweight” rating and issued a $45.00 price objective on shares of Yum China Holdings in a research report on Monday, October 9th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $35.90 price objective (up from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Finally, Nomura assumed coverage on shares of Yum China Holdings in a research report on Monday, October 9th. They issued a “buy” rating and a $51.60 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.35.
About Yum China Holdings
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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