Stratos Wealth Partners LTD. acquired a new position in Yum China Holdings Inc (NASDAQ:YUMC) during the second quarter, Holdings Channel reports. The fund acquired 6,281 shares of the company’s stock, valued at approximately $248,000.
Several other institutional investors also recently bought and sold shares of YUMC. Pennsylvania Trust Co bought a new position in Yum China Holdings during the first quarter worth $351,000. Formula Growth Ltd. boosted its position in Yum China Holdings by 69.7% in the first quarter. Formula Growth Ltd. now owns 176,775 shares of the company’s stock worth $4,808,000 after buying an additional 72,625 shares during the last quarter. Dai Ichi Life Insurance Company Ltd boosted its position in Yum China Holdings by 406.8% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 50,000 shares of the company’s stock worth $1,360,000 after buying an additional 40,135 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in Yum China Holdings by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 10,885,386 shares of the company’s stock worth $296,083,000 after buying an additional 32,594 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Yum China Holdings by 0.8% in the first quarter. Legal & General Group Plc now owns 2,085,011 shares of the company’s stock worth $56,707,000 after buying an additional 15,885 shares during the last quarter.
Yum China Holdings Inc (NASDAQ YUMC) opened at 37.33 on Friday. Yum China Holdings Inc has a 12 month low of $23.79 and a 12 month high of $42.12. The firm has a 50-day moving average of $37.64 and a 200 day moving average of $33.07. The stock has a market cap of $14.31 billion and a PE ratio of 27.45.
Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.60 billion. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Analysts anticipate that Yum China Holdings Inc will post $1.45 EPS for the current year.
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A number of equities analysts recently weighed in on YUMC shares. J P Morgan Chase & Co started coverage on shares of Yum China Holdings in a research report on Friday, June 2nd. They set an “overweight” rating and a $42.00 price objective for the company. Morgan Stanley increased their price objective on shares of 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 shares of Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Deutsche Bank AG cut shares of Yum China Holdings from a “buy” rating to a “hold” rating and increased their price objective for the stock from $34.72 to $36.61 in a research report on Thursday, July 6th. 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $37.56.
In other Yum China Holdings news, insider Shella Ng acquired 4,420 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of $34.75 per share, for a total transaction of $153,595.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Louis Hsieh acquired 30,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of $34.85 per share, with a total value of $1,045,500.00. Following the completion of the purchase, the director now owns 39,080 shares of the company’s stock, valued at $1,361,938. The disclosure for this purchase can be found here.
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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