Pictet Asset Management Ltd. Has $31.15 Million Stake in Yum China Holdings Inc (NASDAQ:YUMC)
Pictet Asset Management Ltd. increased its position in Yum China Holdings Inc (NASDAQ:YUMC) by 22.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 810,840 shares of the company’s stock after buying an additional 147,600 shares during the period. Pictet Asset Management Ltd.’s holdings in Yum China Holdings were worth $31,145,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its stake in shares of Yum China Holdings by 3.9% in the second quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock worth $107,000 after buying an additional 102 shares in the last quarter. FNY Partners Fund LP increased its stake in shares of Yum China Holdings by 3,600.0% in the first quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock worth $100,000 after buying an additional 3,600 shares in the last quarter. Webster Bank N. A. increased its stake in shares of Yum China Holdings by 18.1% in the first quarter. Webster Bank N. A. now owns 4,080 shares of the company’s stock worth $111,000 after buying an additional 625 shares in the last quarter. Parthenon LLC acquired a new stake in shares of Yum China Holdings during the second quarter worth $209,000. Finally, Nicolet Bankshares Inc. acquired a new stake in shares of Yum China Holdings during the second quarter worth $213,000.
Shares of Yum China Holdings Inc (NASDAQ:YUMC) opened at 37.33 on Friday. Yum China Holdings Inc has a one year low of $23.79 and a one year high of $42.12. The firm has a market cap of $14.31 billion and a P/E ratio of 27.45. The firm has a 50 day moving average price of $37.64 and a 200-day moving average price of $33.07.
Yum China Holdings (NASDAQ:YUMC) last announced its earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.60 billion. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. Analysts forecast that Yum China Holdings Inc will post $1.45 earnings per share for the current year.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Yum China Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Deutsche Bank AG downgraded Yum China Holdings from a “buy” rating to a “hold” rating and raised their target price for the company from $34.72 to $36.61 in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. raised their target price on Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $35.90 target price (up previously from $33.10) on shares of Yum China Holdings in a report on Thursday, July 6th. Finally, J P Morgan Chase & Co assumed coverage on Yum China Holdings in a report on Friday, June 2nd. They issued an “overweight” rating and a $42.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.56.
In related news, Director Louis Hsieh bought 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of $34.85 per share, for a total transaction of $1,045,500.00. Following the completion of the transaction, the director now owns 39,080 shares of the company’s stock, valued at $1,361,938. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shella Ng bought 4,420 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average price of $34.75 per share, with a total value of $153,595.00. The disclosure for this purchase can be found here.
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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