Yum China Holdings Inc (NASDAQ:YUMC) Shares Sold by Wagner Bowman Management Corp

Wagner Bowman Management Corp reduced its position in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 16.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,330 shares of the company’s stock after selling 1,999 shares during the period. Wagner Bowman Management Corp’s holdings in Yum China Holdings were worth $407,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. increased its stake in shares of Yum China Holdings by 20.3% in the first quarter. Raymond James Trust N.A. now owns 15,153 shares of the company’s stock valued at $412,000 after buying an additional 2,552 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Yum China Holdings during the fourth quarter valued at about $1,362,000. Highbridge Capital Management LLC acquired a new stake in shares of Yum China Holdings during the fourth quarter valued at about $1,983,000. Searle & CO. acquired a new stake in shares of Yum China Holdings during the fourth quarter valued at about $905,000. Finally, Teachers Advisors LLC acquired a new stake in shares of Yum China Holdings during the fourth quarter valued at about $35,289,000.

Yum China Holdings Inc (NASDAQ:YUMC) traded up 0.87% during midday trading on Friday, hitting $37.13. The stock had a trading volume of 1,278,445 shares. Yum China Holdings Inc has a 52 week low of $23.79 and a 52 week high of $42.12. The firm has a market cap of $14.23 billion and a P/E ratio of 27.30. The stock has a 50-day moving average of $38.22 and a 200-day moving average of $32.66.

Yum China Holdings (NASDAQ:YUMC) last released its earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the 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 for the quarter, compared to analyst estimates of $1.60 billion. The company’s revenue was up .4% compared to the same quarter last year. Analysts forecast that Yum China Holdings Inc will post $1.44 EPS for the current fiscal year.

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Several brokerages recently issued reports on YUMC. Zacks Investment Research downgraded Yum China Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $35.90 price objective (up from $33.10) on shares of Yum China Holdings in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. increased their price objective on Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Deutsche Bank AG downgraded Yum China Holdings from a “buy” rating to a “hold” rating and raised their price target for the stock from $34.72 to $36.61 in a research note on Thursday, July 6th. Finally, J P Morgan Chase & Co started coverage on Yum China Holdings in a research note on Friday, June 2nd. They set an “overweight” rating and a $42.00 price target for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $37.56.

In related news, insider Shella Ng bought 4,420 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average price of $34.75 per share, for a total transaction of $153,595.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Louis Hsieh bought 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $34.85 per share, for a total transaction of $1,045,500.00. Following the acquisition, the director now directly owns 39,080 shares of the company’s stock, valued at approximately $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.