Glenview Trust Co reduced its position in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 33.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,160 shares of the company’s stock after selling 4,100 shares during the period. Glenview Trust Co’s holdings in Yum China Holdings were worth $322,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in YUMC. FNY Partners Fund LP lifted its position in shares of Yum China Holdings by 3,600.0% during the 1st quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock worth $100,000 after purchasing an additional 3,600 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Yum China Holdings by 3.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock worth $107,000 after purchasing an additional 102 shares during the last quarter. Nippon Life Insurance Co. purchased a new stake in shares of Yum China Holdings during the 2nd quarter worth $162,000. Parthenon LLC purchased a new stake in shares of Yum China Holdings during the 2nd quarter worth $209,000. Finally, Taurus Asset Management LLC purchased a new stake in shares of Yum China Holdings during the 2nd quarter worth $212,000.
Shares of Yum China Holdings Inc (NASDAQ YUMC) opened at 39.71 on Monday. The stock has a market capitalization of $15.22 billion and a PE ratio of 29.20. Yum China Holdings Inc has a 12 month low of $23.79 and a 12 month high of $40.15. The company has a 50-day moving average of $37.42 and a 200-day moving average of $37.42.
Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.60 billion. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts expect that Yum China Holdings Inc will post $1.46 EPS for the current fiscal year.
In other news, insider Mark Chu sold 22,184 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $37.72, for a total value of $836,780.48. Following the transaction, the insider now directly owns 23,457 shares in the company, valued at approximately $884,798.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
YUMC has been the subject of a number of research reports. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $35.90 price target (up from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Zacks Investment Research cut shares of Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. boosted their price target on shares of Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Bank of America Corporation reissued a “neutral” rating and issued a $41.60 price target on shares of Yum China Holdings in a research report on Sunday, July 30th. Finally, Morgan Stanley boosted their price target on shares of Yum China Holdings from $35.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.68.
About Yum China Holdings
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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