OLD Point Trust & Financial Services N A Sells 12,425 Shares of Yum China Holdings Inc (YUMC)

OLD Point Trust & Financial Services N A lowered its stake in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 48.4% during the first quarter, Holdings Channel reports. The fund owned 13,266 shares of the company’s stock after selling 12,425 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Yum China Holdings were worth $361,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK purchased a new position in shares of Yum China Holdings during the fourth quarter valued at about $615,642,000. Loomis Sayles & Co. L P purchased a new position in shares of Yum China Holdings during the fourth quarter valued at about $283,475,000. State Street Corp purchased a new position in shares of Yum China Holdings during the fourth quarter valued at about $249,999,000. FMR LLC purchased a new position in shares of Yum China Holdings during the fourth quarter valued at about $190,734,000. Finally, Norges Bank purchased a new position in shares of Yum China Holdings during the fourth quarter valued at about $103,898,000.

Institutional Ownership by Quarter for Yum China Holdings (NASDAQ:YUMC)

Yum China Holdings Inc (NASDAQ:YUMC) traded down 1.00% during midday trading on Friday, reaching $32.75. 2,787,664 shares of the company traded hands. The company has a 50-day moving average price of $28.22 and a 200-day moving average price of $27.20. The company has a market cap of $12.59 billion and a price-to-earnings ratio of 24.08. Yum China Holdings Inc has a 12-month low of $23.79 and a 12-month high of $33.28.

Yum China Holdings (NASDAQ:YUMC) last issued its earnings results on Wednesday, April 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that Yum China Holdings Inc will post $1.41 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $31.00 price target on shares of Yum China Holdings in a report on Friday, April 7th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $35.00 price target (up previously from $33.00) on shares of Yum China Holdings in a report on Friday, April 7th. Vetr downgraded shares of Yum China Holdings from a “strong-buy” rating to a “buy” rating and set a $29.64 price target for the company. in a report on Wednesday, January 4th. Zacks Investment Research downgraded shares of Yum China Holdings from a “hold” rating to a “sell” rating in a report on Friday, April 7th. Finally, CIBC boosted their price target on shares of Yum China Holdings from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, April 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $32.38.

In other news, insider Mark Chu sold 16,472 shares of the firm’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $33.00, for a total transaction of $543,576.00. Following the sale, the insider now owns 32,855 shares of the company’s stock, valued at $1,084,215. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Muktesh Pant purchased 100,000 shares of the company’s stock in a transaction dated Friday, April 7th. The shares were acquired at an average cost of $31.17 per share, for a total transaction of $3,117,000.00. Following the transaction, the chief executive officer now owns 115,733 shares of the company’s stock, valued at $3,607,397.61. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 31,070 shares of company stock worth $1,010,868.

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.

5 Day Chart for NASDAQ:YUMC

Want to see what other hedge funds are holding YUMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum China Holdings Inc (NASDAQ:YUMC).

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