Yum China Holdings Inc (YUMC) Shares Sold by D.A. Davidson & CO.
D.A. Davidson & CO. lessened its position in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 13.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,057 shares of the company’s stock after selling 7,516 shares during the period. D.A. Davidson & CO.’s holdings in Yum China Holdings were worth $1,855,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in YUMC. Canada Pension Plan Investment Board lifted its holdings in Yum China Holdings by 2,943.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 30,740 shares of the company’s stock worth $836,000 after buying an additional 29,730 shares during the last quarter. Comerica Bank lifted its holdings in Yum China Holdings by 8.6% during the 1st quarter. Comerica Bank now owns 28,737 shares of the company’s stock worth $985,000 after buying an additional 2,273 shares during the last quarter. World Asset Management Inc bought a new position in Yum China Holdings during the 1st quarter worth approximately $215,000. UBS Asset Management Americas Inc. lifted its holdings in Yum China Holdings by 123.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,561,906 shares of the company’s stock worth $69,684,000 after buying an additional 1,416,991 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Yum China Holdings by 58.4% during the 1st quarter. Sei Investments Co. now owns 139,118 shares of the company’s stock worth $3,784,000 after buying an additional 51,311 shares during the last quarter.
In related news, insider Mark Chu sold 22,184 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $37.72, for a total transaction of $836,780.48. Following the transaction, the insider now directly owns 23,457 shares in the company, valued at $884,798.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Yum China Holdings Inc (NASDAQ YUMC) opened at 39.71 on Friday. The company has a 50 day moving average price of $37.42 and a 200 day moving average price of $37.42. Yum China Holdings Inc has a one year low of $23.79 and a one year high of $40.15. The company has a market cap of $15.22 billion and a P/E ratio of 29.20.
Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. Yum China Holdings’s quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts expect that Yum China Holdings Inc will post $1.46 earnings per share for the current year.
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A number of research firms have commented on YUMC. Zacks Investment Research raised Yum China Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $35.90 target price (up previously from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. increased their target price on Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Bank of America Corporation reaffirmed a “neutral” rating and set a $41.60 target price on shares of Yum China Holdings in a report on Sunday, July 30th. Finally, Morgan Stanley increased their target price on Yum China Holdings from $35.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, June 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $38.68.
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.
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