New Capital Management LP continued to hold its stake in Yum China Holdings Inc (NASDAQ:YUMC) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,662 shares of the company’s stock at the end of the second quarter. Yum China Holdings comprises approximately 0.4% of New Capital Management LP’s investment portfolio, making the stock its 25th largest position. New Capital Management LP’s holdings in Yum China Holdings were worth $236,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new position in Yum China Holdings during the fourth quarter worth $1,362,000. Highbridge Capital Management LLC bought a new position in Yum China Holdings during the fourth quarter worth $1,983,000. Searle & CO. acquired a new position in Yum China Holdings during the fourth quarter valued at approximately $905,000. Teachers Advisors LLC acquired a new position in Yum China Holdings during the fourth quarter valued at approximately $35,289,000. Finally, Aspen Investment Management Inc acquired a new position in Yum China Holdings during the fourth quarter valued at approximately $253,000.
Shares of Yum China Holdings Inc (NASDAQ YUMC) opened at 37.13 on Friday. The stock has a 50 day moving average price of $38.22 and a 200 day moving average price of $32.66. The firm has a market capitalization of $14.23 billion and a P/E ratio of 27.30. Yum China Holdings Inc has a 12 month low of $23.79 and a 12 month high of $42.12.
Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts expect that Yum China Holdings Inc will post $1.44 earnings per share for the current year.
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Several equities analysts have commented on YUMC shares. Morgan Stanley increased their target price 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. 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 target price on the stock. Zacks Investment Research downgraded shares of Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. CIBC increased their target price on shares of Yum China Holdings from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, April 10th. Finally, Deutsche Bank AG downgraded shares of 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 report on Thursday, July 6th. Two investment 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 stock presently has an average rating of “Hold” and a consensus target price of $37.56.
In other news, Director Louis Hsieh acquired 30,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $34.85 per share, for a total transaction of $1,045,500.00. Following the purchase, the director now directly owns 39,080 shares of the company’s stock, valued at $1,361,938. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shella Ng acquired 4,420 shares of the stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average price of $34.75 per share, for a total transaction of $153,595.00. 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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