Morse Asset Management Inc reduced its stake in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 53.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,500 shares of the company’s stock after selling 17,700 shares during the period. Morse Asset Management Inc’s holdings in Yum China Holdings were worth $611,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Aberdeen Asset Management PLC UK boosted its stake in Yum China Holdings by 6.0% in the first quarter. Aberdeen Asset Management PLC UK now owns 24,975,942 shares of the company’s stock valued at $679,344,000 after buying an additional 1,406,118 shares in the last quarter. BlackRock Inc. boosted its stake in Yum China Holdings by 4,190.6% in the first quarter. BlackRock Inc. now owns 21,219,447 shares of the company’s stock valued at $577,170,000 after buying an additional 20,724,885 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Yum China Holdings by 0.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 15,321,338 shares of the company’s stock valued at $416,741,000 after buying an additional 126,232 shares in the last quarter. Loomis Sayles & Co. L P raised 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 valued at $296,083,000 after buying an additional 32,594 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Yum China Holdings by 13.8% in the first quarter. Clearbridge Investments LLC now owns 7,908,117 shares of the company’s stock valued at $215,101,000 after buying an additional 956,175 shares during the last quarter.
Yum China Holdings Inc (NASDAQ YUMC) traded down 0.51% on Friday, reaching $37.05. The company had a trading volume of 1,628,881 shares. The stock’s 50-day moving average price is $37.23 and its 200 day moving average price is $33.49. The firm has a market capitalization of $14.20 billion and a price-to-earnings ratio of 27.24. Yum China Holdings Inc has a 52-week low of $23.79 and a 52-week high of $42.12.
Yum China Holdings (NASDAQ:YUMC) last issued its earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. Yum China Holdings’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts anticipate that Yum China Holdings Inc will post $1.45 earnings per share for the current fiscal year.
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Several brokerages recently weighed in on YUMC. Zacks Investment Research lowered Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $35.90 price objective (up from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Deutsche Bank AG lowered Yum China Holdings from a “buy” rating to a “hold” rating and increased their price objective for the stock from $34.72 to $36.61 in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. raised their price target on Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Finally, J P Morgan Chase & Co began 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $37.56.
In other news, insider Mark Chu sold 22,184 shares of Yum China Holdings stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $37.72, for a total transaction of $836,780.48. Following the sale, the insider now directly owns 23,457 shares in the company, valued at approximately $884,798.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Yum China Holdings Company 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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