Lazard Asset Management LLC lifted its position in Yum China Holdings Inc (NASDAQ:YUMC) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,796 shares of the company’s stock after acquiring an additional 6,294 shares during the period. Lazard Asset Management LLC’s holdings in Yum China Holdings were worth $5,826,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Formula Growth Ltd. increased its position 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 worth $4,808,000 after acquiring an additional 72,625 shares in the last quarter. BlackRock Inc. increased its position in shares of Yum China Holdings by 28.7% in the second quarter. BlackRock Inc. now owns 27,306,495 shares of the company’s stock worth $1,076,695,000 after acquiring an additional 6,087,048 shares in the last quarter. Loomis Sayles & Co. L P increased its position 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 worth $296,083,000 after acquiring an additional 32,594 shares in the last quarter. Legal & General Group Plc increased its position 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 worth $56,707,000 after acquiring an additional 15,885 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Yum China Holdings by 10.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,865 shares of the company’s stock worth $350,000 after acquiring an additional 845 shares in the last quarter.

Yum China Holdings Inc (NASDAQ YUMC) opened at 39.71 on Monday. The company’s 50-day moving average is $37.42 and its 200-day moving average is $37.42. The stock has a market capitalization of $15.22 billion and a P/E ratio of 29.20. Yum China Holdings Inc has a 12 month low of $23.79 and a 12 month high of $40.15.

Yum China Holdings (NASDAQ:YUMC) last posted its earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Yum China Holdings’s revenue was up .4% on a year-over-year basis. Equities analysts anticipate that Yum China Holdings Inc will post $1.46 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Yum China Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Oppenheimer Holdings, Inc. lifted their target price on shares of Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $35.90 target price (up from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Citigroup Inc. assumed coverage on shares of Yum China Holdings in a research report on Monday, September 18th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $41.60 target price on shares of Yum China Holdings in a research report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Yum China Holdings currently has a consensus rating of “Hold” and an average price target of $38.68.

In related news, insider Mark Chu sold 22,184 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 23,457 shares of the company’s stock, valued at approximately $884,798.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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Yum China Holdings 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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