Teacher Retirement System of Texas raised its stake in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 11.1% during the second quarter, Holdings Channel reports. The fund owned 780,299 shares of the company’s stock after buying an additional 78,213 shares during the period. Teacher Retirement System of Texas’ holdings in Yum China Holdings were worth $30,767,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Pennsylvania Trust Co acquired a new stake in shares of Yum China Holdings during the first quarter valued at approximately $351,000. Formula Growth Ltd. raised its stake 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 valued at $4,808,000 after buying an additional 72,625 shares during the last quarter. Dai Ichi Life Insurance Company Ltd raised its stake 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 valued at $1,360,000 after buying an additional 40,135 shares during the last quarter. Loomis Sayles & Co. L P raised its stake 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 valued at $296,083,000 after buying an additional 32,594 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Yum China Holdings by 0.8% in the first quarter. Legal & General Group Plc now owns 2,085,011 shares of the company’s stock valued at $56,707,000 after buying an additional 15,885 shares during the last quarter.

Yum China Holdings Inc (NASDAQ:YUMC) opened at 37.80 on Friday. Yum China Holdings Inc has a 1-year low of $23.79 and a 1-year high of $42.12. The firm has a market capitalization of $14.49 billion and a P/E ratio of 27.79. The company’s 50-day moving average price is $37.56 and its 200-day moving average price is $33.15.

Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. Yum China Holdings’s revenue was up .4% on a year-over-year basis. Equities research analysts expect that Yum China Holdings Inc will post $1.45 earnings per share for the current fiscal year.

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Several equities research analysts recently commented on YUMC shares. J P Morgan Chase & Co initiated coverage on 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. Morgan Stanley upped their price target on Yum China Holdings from $35.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, June 26th. Zacks Investment Research downgraded Yum China Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Deutsche Bank AG downgraded Yum China Holdings from a “buy” rating to a “hold” rating and upped their price target for the stock from $34.72 to $36.61 in a research note on Thursday, July 6th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $41.60 price target on shares of Yum China Holdings in a research note on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Yum China Holdings presently has an average rating of “Hold” and an average price target of $37.56.

In related news, insider Shella Ng purchased 4,420 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average cost of $34.75 per share, with a total value of $153,595.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Louis Hsieh purchased 30,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $34.85 per share, for a total transaction of $1,045,500.00. Following the completion of the transaction, the director now owns 39,080 shares in the company, valued at $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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Institutional Ownership by Quarter for Yum China Holdings (NASDAQ:YUMC)

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