FMR LLC raised its stake in shares of Yum China Holdings Inc (NYSE:YUMC) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,790,250 shares of the company’s stock after purchasing an additional 24,964 shares during the quarter. FMR LLC owned about 0.74% of Yum China worth $125,311,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Paragon Capital Management LLC purchased a new position in shares of Yum China in the first quarter valued at approximately $26,000. Doyle Wealth Management purchased a new position in shares of Yum China in the fourth quarter valued at approximately $28,000. Baldwin Brothers Inc. MA purchased a new position in shares of Yum China in the first quarter valued at approximately $28,000. AdvisorNet Financial Inc boosted its stake in shares of Yum China by 49.7% in the fourth quarter. AdvisorNet Financial Inc now owns 1,048 shares of the company’s stock valued at $35,000 after purchasing an additional 348 shares during the period. Finally, Krane Funds Advisors LLC lifted its stake in Yum China by 151.9% in the first quarter. Krane Funds Advisors LLC now owns 796 shares of the company’s stock worth $36,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds own 79.84% of the company’s stock.
A number of research analysts recently issued reports on YUMC shares. Bank of America downgraded shares of Genesee & Wyoming from a “neutral” rating to an “underperform” rating and set a $88.65 price target for the company. in a research note on Tuesday, April 30th. Goldman Sachs Group downgraded shares of Megaport from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, July 5th. UBS Group downgraded shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Finally, OTR Global raised shares of Yum China to a “positive” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.54.
Yum China (NYSE:YUMC) last announced its earnings results on Monday, April 29th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Yum China had a net margin of 7.55% and a return on equity of 20.36%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. As a group, sell-side analysts anticipate that Yum China Holdings Inc will post 1.67 EPS for the current year.
In related news, Director Muktesh Pant sold 88,184 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $45.76, for a total value of $4,035,299.84. Following the sale, the director now directly owns 403,163 shares in the company, valued at approximately $18,448,738.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alice H. Wang sold 1,697 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $46.09, for a total transaction of $78,214.73. Following the completion of the sale, the insider now owns 10,120 shares in the company, valued at $466,430.80. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
Yum China Company Profile
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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