South State Corp cut its stake in Yum China Holdings Inc (NASDAQ:YUMC) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,789 shares of the company’s stock after selling 2,063 shares during the quarter. South State Corp’s holdings in Yum China Holdings were worth $1,727,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake 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 valued at $107,000 after acquiring an additional 102 shares during the last quarter. FNY Partners Fund LP increased its stake 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 valued at $100,000 after acquiring an additional 3,600 shares during the last quarter. Nippon Life Insurance Co. bought a new stake in shares of Yum China Holdings in the 2nd quarter valued at about $162,000. Parthenon LLC bought a new stake in shares of Yum China Holdings in the 2nd quarter valued at about $209,000. Finally, Taurus Asset Management LLC bought a new stake in shares of Yum China Holdings in the 2nd quarter valued at about $212,000.
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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 owns 23,457 shares in the company, valued at $884,798.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Yum China Holdings Inc (NASDAQ:YUMC) traded down 0.06% during midday trading on Tuesday, hitting $36.03. The stock had a trading volume of 917,333 shares. Yum China Holdings Inc has a 1-year low of $23.79 and a 1-year high of $42.12. The stock’s 50-day moving average is $36.58 and its 200-day moving average is $34.36. The stock has a market capitalization of $13.81 billion and a PE ratio of 26.49.
Yum China Holdings (NASDAQ:YUMC) last announced its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Yum China Holdings Inc will post $1.47 EPS for the current fiscal year.
A number of research firms recently issued reports on YUMC. Goldman Sachs Group, Inc. (The) cut Yum China Holdings from a “buy” rating to a “neutral” rating and set a $33.10 target price for the company. in a research note on Monday, May 15th. Zacks Investment Research raised Yum China Holdings from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research note on Thursday, June 1st. J P Morgan Chase & Co began coverage on Yum China Holdings in a research note on Friday, June 2nd. They set an “overweight” rating and a $42.00 target price for the company. Morgan Stanley reissued an “overweight” rating and set a $41.00 target price on shares of Yum China Holdings in a research note on Friday, July 7th. Finally, Deutsche Bank AG cut Yum China Holdings from a “buy” rating to a “hold” rating and increased their target price for the stock from $34.72 to $36.61 in a research note on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $37.56.
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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