Neuberger Berman Group LLC grew its holdings in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 36.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 74,382 shares of the company’s stock after acquiring an additional 19,696 shares during the period. Neuberger Berman Group LLC’s holdings in Yum China Holdings were worth $2,933,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Formula Growth Ltd. raised its stake in shares of Yum China Holdings by 69.7% during the first quarter. Formula Growth Ltd. now owns 176,775 shares of the company’s stock valued at $4,808,000 after acquiring 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% during 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 acquiring 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% during 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 acquiring an additional 32,594 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Yum China Holdings by 0.8% during the first quarter. Legal & General Group Plc now owns 2,085,011 shares of the company’s stock valued at $56,707,000 after acquiring an additional 15,885 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Yum China Holdings by 10.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,865 shares of the company’s stock valued at $350,000 after acquiring an additional 845 shares during the last quarter.

Yum China Holdings Inc (NASDAQ:YUMC) opened at 36.95 on Friday. Yum China Holdings Inc has a 52 week low of $23.79 and a 52 week high of $37.44. The company’s 50-day moving average is $36.49 and its 200-day moving average is $31.00. The company has a market cap of $14.16 billion and a P/E ratio of 27.17.

Yum China Holdings (NASDAQ:YUMC) last announced its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts anticipate that Yum China Holdings Inc will post $1.46 EPS for the current fiscal year.

Several research firms have recently issued reports on YUMC. Zacks Investment Research downgraded shares of Yum China Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Deutsche Bank AG downgraded shares of Yum China Holdings from a “buy” rating to a “hold” rating and raised their price target for the company from $34.72 to $36.61 in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. raised their price target on shares of Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $35.90 price target (up previously from $33.10) on shares of Yum China Holdings in a research note on Thursday, July 6th. Finally, J P Morgan Chase & Co began coverage on shares of Yum China Holdings in a research note on Friday, June 2nd. They set an “overweight” rating and a $42.00 price target for the company. 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 company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.56.

In other news, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total value of $836,780.48. Following the completion of the sale, the insider now owns 23,457 shares of the company’s stock, valued at approximately $884,798.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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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.

Institutional Ownership by Quarter for Yum China Holdings (NASDAQ:YUMC)

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