Oppenheimer & Co. Inc. lowered its holdings in Yum China Holdings Inc (NYSE:YUMC) by 34.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,142 shares of the company’s stock after selling 38,772 shares during the period. Oppenheimer & Co. Inc.’s holdings in Yum China were worth $2,568,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Advisors LLC grew its stake in shares of Yum China by 660.8% in the 2nd quarter. Legacy Advisors LLC now owns 3,043 shares of the company’s stock worth $117,000 after purchasing an additional 2,643 shares during the last quarter. Amussen Hunsaker Associates LLC purchased a new position in shares of Yum China in the second quarter worth approximately $130,000. Capital Investment Advisors LLC purchased a new position in shares of Yum China in the second quarter worth approximately $140,000. Cerebellum GP LLC purchased a new position in shares of Yum China in the third quarter worth approximately $197,000. Finally, CenterStar Asset Management LLC purchased a new position in shares of Yum China in the third quarter worth approximately $202,000. 82.67% of the stock is currently owned by institutional investors.
Yum China stock opened at $31.69 on Wednesday. The company has a market capitalization of $12.16 billion, a PE ratio of 22.32, a PEG ratio of 1.45 and a beta of 1.11. The company has a current ratio of 1.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.01. Yum China Holdings Inc has a fifty-two week low of $30.10 and a fifty-two week high of $48.75.
Several research analysts have recently weighed in on the stock. Macquarie downgraded shares of Yum China from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 2nd. Oppenheimer downgraded shares of Yum China from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a research report on Friday, August 17th. Zacks Investment Research downgraded shares of Yum China from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th. Bank of America downgraded shares of Yum China from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $44.30 to $34.00 in a research report on Thursday, July 19th. Finally, UBS Group downgraded shares of Yum China from an “outperform” rating to a “market perform” rating in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.75.
In related news, insider Angela Ai sold 4,529 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $38.25, for a total transaction of $173,234.25. Following the completion of the sale, the insider now directly owns 9,000 shares in the company, valued at $344,250. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.
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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