Commonwealth Bank of Australia increased its position in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 17.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,956 shares of the company’s stock after purchasing an additional 4,500 shares during the quarter. Commonwealth Bank of Australia’s holdings in Yum China Holdings were worth $1,180,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of YUMC. Canada Pension Plan Investment Board increased its position in shares of Yum China Holdings by 2,943.6% during the first quarter. Canada Pension Plan Investment Board now owns 30,740 shares of the company’s stock worth $836,000 after purchasing an additional 29,730 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Yum China Holdings by 47.4% during the first quarter. Suntrust Banks Inc. now owns 28,561 shares of the company’s stock worth $776,000 after purchasing an additional 9,189 shares in the last quarter. Comerica Bank increased its position in shares of Yum China Holdings by 8.6% during the first quarter. Comerica Bank now owns 28,737 shares of the company’s stock worth $985,000 after purchasing an additional 2,273 shares in the last quarter. Swiss National Bank increased its position in shares of Yum China Holdings by 29.6% during the first quarter. Swiss National Bank now owns 845,256 shares of the company’s stock worth $22,990,000 after purchasing an additional 193,259 shares in the last quarter. Finally, World Asset Management Inc purchased a new stake in shares of Yum China Holdings during the first quarter worth approximately $215,000.

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In other Yum China Holdings news, insider Mark Chu sold 22,184 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $37.72, for a total transaction of $836,780.48. Following the completion of the transaction, the insider now owns 23,457 shares of the company’s stock, valued at $884,798.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Several analysts recently commented on YUMC shares. Deutsche Bank AG cut Yum China Holdings from a “buy” rating to a “hold” rating and boosted their price target for the stock from $34.72 to $36.61 in a research report on Thursday, July 6th. J P Morgan Chase & Co started coverage on Yum China Holdings in a research report on Friday, June 2nd. They set an “overweight” rating and a $42.00 price target for the company. Zacks Investment Research cut Yum China Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Morgan Stanley reiterated an “overweight” rating and set a $41.00 price target on shares of Yum China Holdings in a research report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $35.90 price target (up from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Yum China Holdings presently has a consensus rating of “Hold” and an average target price of $37.56.

Shares of Yum China Holdings Inc (NASDAQ:YUMC) opened at 37.38 on Friday. The firm has a 50-day moving average price of $36.67 and a 200 day moving average price of $32.15. Yum China Holdings Inc has a one year low of $23.79 and a one year high of $37.71. The stock has a market capitalization of $14.33 billion and a PE ratio of 27.49.

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

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.

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

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