Klingenstein Fields & Co. LLC boosted its position in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 281,702 shares of the company’s stock after buying an additional 890 shares during the period. Klingenstein Fields & Co. LLC owned about 0.07% of Yum China Holdings worth $11,108,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the stock. Pennsylvania Trust Co acquired a new position in shares of Yum China Holdings during the first quarter worth approximately $351,000. Highbridge Capital Management LLC acquired a new position in shares of Yum China Holdings during the fourth quarter worth approximately $1,983,000. Formula Growth Ltd. increased its position in shares of 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 period. Dai Ichi Life Insurance Company Ltd increased its position in shares of 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 period. Finally, Loomis Sayles & Co. L P increased its position in shares of 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 period.
Shares of Yum China Holdings Inc (NASDAQ YUMC) traded up 1.26% during trading on Friday, hitting $37.80. The stock had a trading volume of 1,470,536 shares. The stock has a market cap of $14.49 billion and a P/E ratio of 27.79. The stock’s 50 day moving average price is $37.56 and its 200-day moving average price is $33.15. Yum China Holdings Inc has a one year low of $23.79 and a one year high of $42.12.
Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The business’s quarterly revenue was up .4% on a year-over-year basis. Analysts expect that Yum China Holdings Inc will post $1.45 earnings per share for the current fiscal year.
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A number of equities analysts recently commented on YUMC shares. Goldman Sachs Group, Inc. (The) downgraded shares of Yum China Holdings from a “buy” rating to a “neutral” rating and set a $33.10 price objective for the company. in a research note on Monday, May 15th. Zacks Investment Research raised shares of Yum China Holdings from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research note on Thursday, June 1st. J P Morgan Chase & Co started coverage on shares of Yum China Holdings in a research note on Friday, June 2nd. They issued an “overweight” rating and a $42.00 price objective for the company. Deutsche Bank AG downgraded shares of Yum China Holdings from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $34.72 to $36.61 in a research note on Thursday, July 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $41.00 price target on shares of Yum China Holdings in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $37.56.
In related news, Director Louis Hsieh acquired 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $34.85 per share, with a total value of $1,045,500.00. Following the completion of the acquisition, the director now owns 39,080 shares in the company, valued at $1,361,938. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shella Ng acquired 4,420 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average cost of $34.75 per share, for a total transaction of $153,595.00. The disclosure for this purchase can be found here.
About Yum China Holdings
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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