World Asset Management Inc Buys 522 Shares of Yum China Holdings Inc (YUMC)

World Asset Management Inc increased its position in Yum China Holdings Inc (NASDAQ:YUMC) by 6.6% during the second quarter, Holdings Channel reports. The firm owned 8,442 shares of the company’s stock after buying an additional 522 shares during the period. World Asset Management Inc’s holdings in Yum China Holdings were worth $333,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Ronald Blue & Co. LLC bought a new stake in shares of Yum China Holdings during the second quarter worth about $364,000. Daiwa Securities Group Inc. increased its stake in shares of Yum China Holdings by 68.1% in the second quarter. Daiwa Securities Group Inc. now owns 7,900 shares of the company’s stock worth $311,000 after buying an additional 3,200 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Yum China Holdings by 62.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 143,926 shares of the company’s stock worth $5,675,000 after buying an additional 55,189 shares during the period. CAPROCK Group Inc. bought a new stake in shares of Yum China Holdings during the second quarter worth about $228,000. Finally, Nicolet Bankshares Inc. bought a new stake in shares of Yum China Holdings during the second quarter worth about $213,000.

Yum China Holdings Inc (YUMC) opened at 37.12 on Tuesday. Yum China Holdings Inc has a 12-month low of $23.79 and a 12-month high of $42.12. The stock’s 50 day moving average price is $37.48 and its 200-day moving average price is $33.30. The stock has a market capitalization of $14.23 billion and a PE ratio of 27.29.

Yum China Holdings (NASDAQ:YUMC) last released its earnings results on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.60 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm’s revenue was up .4% compared to the same quarter last year. Analysts expect that Yum China Holdings Inc will post $1.45 earnings per share for the current year.

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A number of brokerages have issued reports on YUMC. Zacks Investment Research downgraded Yum China Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $41.60 target price on shares of Yum China Holdings in a research note on Sunday, July 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $41.00 target price on shares of Yum China Holdings in a research note on Friday, July 7th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $35.90 target price (up from $33.10) on shares of Yum China Holdings in a research note on Thursday, July 6th. Finally, Deutsche Bank AG downgraded Yum China Holdings from a “buy” rating to a “hold” rating and raised their target price for the stock from $34.72 to $36.61 in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $37.56.

In other Yum China Holdings news, insider Shella Ng bought 4,420 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of $34.75 per share, for a total transaction of $153,595.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Louis Hsieh bought 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was 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 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.

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