Yum China Holdings Inc (YUMC) Shares Bought by First Republic Investment Management Inc.
First Republic Investment Management Inc. grew its holdings in Yum China Holdings Inc (NYSE:YUMC) by 7.4% in the second quarter, HoldingsChannel reports. The firm owned 43,576 shares of the company’s stock after buying an additional 2,996 shares during the quarter. First Republic Investment Management Inc.’s holdings in Yum China were worth $1,676,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Yum China by 4.1% in the 1st quarter. BlackRock Inc. now owns 27,794,989 shares of the company’s stock worth $1,153,492,000 after purchasing an additional 1,089,933 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Yum China by 32.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 18,374,776 shares of the company’s stock worth $706,693,000 after acquiring an additional 4,475,130 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Yum China by 58.5% in the first quarter. JPMorgan Chase & Co. now owns 7,824,856 shares of the company’s stock worth $324,733,000 after acquiring an additional 2,888,912 shares during the period. OppenheimerFunds Inc. grew its holdings in shares of Yum China by 125.2% in the second quarter. OppenheimerFunds Inc. now owns 6,750,611 shares of the company’s stock worth $259,628,000 after acquiring an additional 3,753,093 shares during the period. Finally, FIL Ltd grew its holdings in shares of Yum China by 28.6% in the first quarter. FIL Ltd now owns 5,246,009 shares of the company’s stock worth $217,709,000 after acquiring an additional 1,166,066 shares during the period. 82.63% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on YUMC shares. Zacks Investment Research raised Yum China from a “strong sell” rating to a “hold” rating in a report on Tuesday. UBS Group lowered Yum China from an “outperform” rating to a “market perform” rating in a report on Friday, August 17th. Oppenheimer lowered Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a report on Friday, August 17th. Macquarie lowered Yum China from an “outperform” rating to a “neutral” rating in a report on Thursday, August 2nd. Finally, Bank of America lowered Yum China from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $44.30 to $34.00 in a report on Thursday, July 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Yum China currently has an average rating of “Hold” and an average price target of $45.44.
Yum China (NYSE:YUMC) last released its earnings results on Wednesday, August 1st. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.10 billion. Yum China had a return on equity of 20.94% and a net margin of 6.45%. Yum China’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. equities research analysts anticipate that Yum China Holdings Inc will post 1.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Wednesday, August 29th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 28th. This represents a $0.40 annualized dividend and a yield of 1.19%. Yum China’s dividend payout ratio (DPR) is presently 28.17%.
In related news, insider Angela Ai sold 4,529 shares of Yum China stock in a transaction on Friday, September 7th. The stock was sold at an average price of $38.25, for a total transaction of $173,234.25. Following the transaction, the insider now directly owns 9,000 shares in the company, valued at $344,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is currently owned by insiders.
About Yum China
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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