Yum China Holdings Inc (YUMC) Holdings Trimmed by First Manhattan Co.
First Manhattan Co. lessened its stake in shares of Yum China Holdings Inc (NYSE:YUMC) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,159 shares of the company’s stock after selling 750 shares during the quarter. First Manhattan Co.’s holdings in Yum China were worth $3,593,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of YUMC. Fox Run Management L.L.C. purchased a new position in Yum China during the 3rd quarter valued at about $318,000. Cerebellum GP LLC purchased a new position in Yum China during the 3rd quarter valued at about $197,000. Kovack Advisors Inc. grew its holdings in Yum China by 24.8% during the 3rd quarter. Kovack Advisors Inc. now owns 7,583 shares of the company’s stock valued at $266,000 after buying an additional 1,505 shares in the last quarter. Genesis Asset Managers LLP grew its holdings in Yum China by 19.2% during the 3rd quarter. Genesis Asset Managers LLP now owns 6,223,553 shares of the company’s stock valued at $218,509,000 after buying an additional 1,003,729 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Yum China by 2.6% during the 3rd quarter. Bank of Montreal Can now owns 3,882,707 shares of the company’s stock valued at $136,322,000 after buying an additional 96,948 shares in the last quarter. 77.38% of the stock is owned by institutional investors and hedge funds.
YUMC has been the subject of a number of recent analyst reports. TheStreet raised Yum China from a “c+” rating to a “b” rating in a report on Thursday, January 24th. Zacks Investment Research raised Yum China from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Bank of America raised Yum China from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $34.00 to $35.00 in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $38.67.
Shares of YUMC opened at $39.35 on Friday. The stock has a market cap of $13.82 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 0.01. Yum China Holdings Inc has a 12-month low of $30.10 and a 12-month high of $46.73.
Yum China (NYSE:YUMC) last issued its quarterly earnings results on Thursday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.05. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.94 billion. Yum China had a return on equity of 19.39% and a net margin of 8.41%. On average, equities analysts forecast that Yum China Holdings Inc will post 1.58 earnings per share for the current year.
Yum China Company Profile
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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