Parametric Portfolio Associates LLC Acquires 83,194 Shares of Yum China Holdings Inc (YUMC)
Parametric Portfolio Associates LLC lifted its holdings in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 913,141 shares of the company’s stock after purchasing an additional 83,194 shares during the period. Parametric Portfolio Associates LLC owned about 0.24% of Yum China Holdings worth $36,005,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. FNY Partners Fund LP grew its holdings 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 valued at $100,000 after purchasing an additional 3,600 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings 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 valued at $107,000 after purchasing an additional 102 shares during the last quarter. Nippon Life Insurance Co. bought a new position in shares of Yum China Holdings during the 2nd quarter valued at $162,000. Parthenon LLC bought a new position in shares of Yum China Holdings during the 2nd quarter valued at $209,000. Finally, Taurus Asset Management LLC bought a new position in shares of Yum China Holdings during the 2nd quarter valued at $212,000.
In other Yum China Holdings news, insider Mark Chu sold 22,184 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total transaction of $836,780.48. Following the transaction, the insider now owns 23,457 shares in the company, valued at $884,798.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
YUMC has been the topic of several recent research reports. Oppenheimer Holdings, Inc. increased their target price on shares of Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Zacks Investment Research raised shares of Yum China Holdings from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, June 28th. Citigroup Inc. initiated coverage on shares of Yum China Holdings in a report on Monday, September 18th. They set a “buy” rating and a $51.00 target price on the stock. Deutsche Bank AG lowered shares of Yum China Holdings from a “buy” rating to a “hold” rating and increased their target price for the company from $34.72 to $36.61 in a report on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $35.90 price target (up previously from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. Two investment 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 price target of $38.68.
Shares of Yum China Holdings Inc (NASDAQ YUMC) opened at 39.97 on Friday. The firm has a 50-day moving average of $37.42 and a 200-day moving average of $37.42. The company has a market cap of $15.32 billion and a price-to-earnings ratio of 29.39. Yum China Holdings Inc has a one year low of $23.79 and a one year high of $40.63.
Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 earnings per share 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 business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.60 billion. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts forecast that Yum China Holdings Inc will post $1.47 EPS for the current fiscal year.
Yum China Holdings 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.
Receive News & Ratings for Yum China Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.