Yum China Holdings Inc (YUMC) Stake Maintained by Intrust Bank NA
Intrust Bank NA held its position in Yum China Holdings Inc (NASDAQ:YUMC) during the second quarter, according to its most recent filing with the SEC. The firm owned 7,386 shares of the company’s stock at the end of the second quarter. Intrust Bank NA’s holdings in Yum China Holdings were worth $292,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. FNY Partners Fund LP raised its position in 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 valued at $100,000 after buying an additional 3,600 shares during the period. Parkside Financial Bank & Trust raised its position 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 valued at $107,000 after buying an additional 102 shares during the period. Webster Bank N. A. raised its position 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 valued at $111,000 after buying an additional 625 shares during the period. Nippon Life Insurance Co. acquired a new position in Yum China Holdings during the second quarter valued at $162,000. Finally, Parthenon LLC acquired a new position in Yum China Holdings during the second quarter valued at $209,000.
Shares of Yum China Holdings Inc (NASDAQ:YUMC) opened at 35.18 on Wednesday. The company has a market capitalization of $13.49 billion and a price-to-earnings ratio of 25.87. The firm’s 50-day moving average price is $36.99 and its 200-day moving average price is $33.80. Yum China Holdings Inc has a one year low of $23.79 and a one year high of $42.12.
Yum China Holdings (NASDAQ:YUMC) last posted its earnings results 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 company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.60 billion. The business’s revenue was up .4% compared to the same quarter last year. Analysts anticipate that Yum China Holdings Inc will post $1.45 earnings per share for the current year.
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Several research firms have recently weighed in on YUMC. Zacks Investment Research raised Yum China Holdings from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research report on Thursday, June 1st. Oppenheimer Holdings, Inc. lifted their price objective on 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 objective on shares of Yum China Holdings in a research report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $35.90 price objective (up from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Finally, Morgan Stanley boosted their target price on 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 given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.56.
In other Yum China Holdings news, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction that occurred 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 approximately $884,798.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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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