Salem Investment Counselors Inc. Has $803,000 Stake in Yum China Holdings Inc (YUMC)
Salem Investment Counselors Inc. lifted its position in Yum China Holdings Inc (NASDAQ:YUMC) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,377 shares of the company’s stock after buying an additional 841 shares during the period. Salem Investment Counselors Inc.’s holdings in Yum China Holdings were worth $803,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FNY Partners Fund LP grew its holdings in shares of Yum China Holdings by 3,600.0% during the first quarter. FNY Partners Fund LP now owns 3,700 shares of the company’s stock valued at $100,000 after buying an additional 3,600 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Yum China Holdings by 3.9% during the second quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock valued at $107,000 after acquiring an additional 102 shares in the last quarter. Nippon Life Insurance Co. bought a new stake in shares of Yum China Holdings during the second quarter valued at approximately $162,000. Parthenon LLC bought a new stake in shares of Yum China Holdings during the second quarter valued at approximately $209,000. Finally, Taurus Asset Management LLC bought a new stake in shares of Yum China Holdings during the second quarter valued at approximately $212,000.
In related news, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 23,457 shares of the company’s stock, valued at approximately $884,798.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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Shares of Yum China Holdings Inc (NASDAQ:YUMC) traded up 0.7070% during midday trading on Monday, reaching $40.2526. 599,338 shares of the company traded hands. The company has a 50 day moving average price of $37.42 and a 200 day moving average price of $37.42. Yum China Holdings Inc has a 1-year low of $23.79 and a 1-year high of $40.45. The company has a market capitalization of $15.43 billion and a PE ratio of 29.5975.
Yum China Holdings (NASDAQ:YUMC) last released its earnings results on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. Yum China Holdings’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts expect that Yum China Holdings Inc will post $1.47 earnings per share for the current year.
A number of equities analysts recently weighed in on YUMC shares. Morgan Stanley boosted their price objective on shares of Yum China Holdings from $35.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, June 26th. Zacks Investment Research downgraded Yum China Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Deutsche Bank AG downgraded 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 research note on Thursday, July 6th. Bank of America Corporation reissued a “neutral” rating and issued a $41.60 target price on shares of Yum China Holdings in a report on Sunday, July 30th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $43.00 target price on shares of Yum China Holdings in a report on Friday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target 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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