Yum China Holdings Inc (YUMC) Shares Sold by Conning Inc.
Conning Inc. lowered its position in Yum China Holdings Inc (NASDAQ:YUMC) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,652 shares of the company’s stock after selling 400 shares during the period. Conning Inc.’s holdings in Yum China Holdings were worth $1,090,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. FNY Partners Fund LP raised its position 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 during the period. Parkside Financial Bank & Trust boosted its stake in 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. Webster Bank N. A. boosted its stake in 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. Intrust Bank NA purchased a new stake in Yum China Holdings during the first quarter worth about $201,000. Finally, Parthenon LLC purchased a new stake in Yum China Holdings during the second quarter worth about $209,000.
Shares of Yum China Holdings Inc (NASDAQ:YUMC) opened at 37.23 on Wednesday. The company has a market capitalization of $14.27 billion and a PE ratio of 27.38. The stock’s 50 day moving average price is $37.39 and its 200-day moving average price is $33.37. Yum China Holdings Inc has a 52-week low of $23.79 and a 52-week high of $42.12.
Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The firm’s revenue was up .4% on a year-over-year basis. On average, analysts expect that Yum China Holdings Inc will post $1.45 earnings per share for the current year.
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A number of analysts have recently issued reports on the company. Zacks Investment Research cut Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $35.90 price objective (up from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Deutsche Bank AG cut Yum China Holdings from a “buy” rating to a “hold” rating and boosted their price objective for the company from $34.72 to $36.61 in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. boosted their price objective on Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Finally, J P Morgan Chase & Co assumed coverage on Yum China Holdings in a research report on Friday, June 2nd. They set an “overweight” rating and a $42.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Yum China Holdings currently has a consensus rating of “Hold” and an average price target of $37.56.
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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