Tower Research Capital LLC TRC bought a new stake in shares of Yum China Holdings Inc (NASDAQ:YUMC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,462 shares of the company’s stock, valued at approximately $176,000.
A number of other hedge funds also recently bought and sold shares of YUMC. BlackRock Inc. grew its holdings in Yum China Holdings by 4,190.6% during the 1st 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. Prudential Financial Inc. grew its holdings in Yum China Holdings by 879.0% during the 2nd quarter. Prudential Financial Inc. now owns 3,346,404 shares of the company’s stock valued at $131,949,000 after buying an additional 3,004,600 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its holdings in Yum China Holdings by 217.9% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 2,644,700 shares of the company’s stock valued at $104,280,000 after buying an additional 1,812,900 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Yum China Holdings by 62.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,167,324 shares of the company’s stock valued at $164,318,000 after buying an additional 1,605,418 shares in the last quarter. Finally, Iridian Asset Management LLC CT purchased a new position in Yum China Holdings during the 2nd quarter valued at about $61,508,000.
A number of research analysts have weighed in on YUMC shares. Morgan Stanley lifted their target price on Yum China Holdings from $35.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, June 26th. Oppenheimer Holdings, Inc. lifted their target price on Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Deutsche Bank AG lowered Yum China Holdings from a “buy” rating to a “hold” rating and lifted their target price for the company from $34.72 to $36.61 in a report on Thursday, July 6th. 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Yum China Holdings presently has an average rating of “Hold” and an average target price of $42.35.
In other news, insider Danny Tan sold 2,124 shares of Yum China Holdings stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $41.84, for a total value of $88,868.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Chu sold 22,184 shares of Yum China Holdings stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $37.72, for a total value of $836,780.48. Following the completion of the transaction, the insider now owns 23,457 shares of the company’s stock, valued at approximately $884,798.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,928 shares of company stock valued at $947,863.
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Yum China Holdings Inc (YUMC) traded up 1.53% during mid-day trading on Thursday, reaching $43.04. The company had a trading volume of 982,167 shares. The company has a market capitalization of $16.53 billion and a PE ratio of 31.65. The firm has a 50-day moving average of $39.38 and a 200 day moving average of $39.38. Yum China Holdings Inc has a 1-year low of $23.79 and a 1-year high of $43.47.
Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.04). The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. On average, analysts predict that Yum China Holdings Inc will post $1.42 earnings per share for the current fiscal year.
Yum China Holdings announced that its Board of Directors has initiated a share buyback program on Thursday, October 5th that allows the company to buyback $550.00 million in shares. This buyback authorization allows the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
The business also recently announced a special dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 29th.
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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