ICICI Prudential Asset Management Co Ltd bought a new stake in shares of Yum China Holdings Inc (NASDAQ:YUMC) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,800 shares of the company’s stock, valued at approximately $321,000.
Other institutional investors also recently added to or reduced their stakes in the company. Baird Financial Group Inc. bought a new position in Yum China Holdings during the fourth quarter valued at $2,321,000. Dimensional Fund Advisors LP acquired a new position in shares of Yum China Holdings during the fourth quarter valued at approximately $11,165,000. Private Advisor Group LLC acquired a new position in shares of Yum China Holdings during the fourth quarter valued at approximately $994,000. Prudential PLC acquired a new position in shares of Yum China Holdings during the fourth quarter valued at approximately $15,744,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Yum China Holdings during the fourth quarter valued at approximately $2,004,000.
Shares of Yum China Holdings Inc (NASDAQ:YUMC) traded up 1.58% during midday trading on Monday, hitting $40.51. The company’s stock had a trading volume of 2,221,411 shares. Yum China Holdings Inc has a 12-month low of $23.79 and a 12-month high of $42.12. The firm has a 50-day moving average of $37.13 and a 200 day moving average of $30.10. The firm has a market cap of $15.57 billion and a price-to-earnings ratio of 29.79.
Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings data on Wednesday, April 5th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that Yum China Holdings Inc will post $1.43 EPS for the current fiscal year.
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YUMC has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) downgraded Yum China Holdings from a “buy” rating to a “neutral” rating and set a $33.10 price objective on the stock. in a research report on Monday, May 15th. Zacks Investment Research raised Yum China Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 8th. Deutsche Bank AG initiated coverage on Yum China Holdings in a research report on Friday, February 24th. They issued a “buy” rating and a $31.48 price objective on the stock. Vetr downgraded Yum China Holdings from a “hold” rating to a “sell” rating and set a $32.10 price objective on the stock. in a research report on Monday, April 24th. Finally, CIBC upped their price objective on Yum China Holdings from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, April 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Yum China Holdings has an average rating of “Hold” and a consensus price target of $34.57.
In related news, insider Riu Sun sold 3,377 shares of the business’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $32.44, for a total transaction of $109,549.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Muktesh Pant bought 100,000 shares of the stock in a transaction that occurred on Friday, April 7th. The shares were bought at an average cost of $31.17 per share, with a total value of $3,117,000.00. Following the completion of the purchase, the chief executive officer now directly owns 115,733 shares in the company, valued at $3,607,397.61. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 134,420 shares of company stock valued at $4,316,095 and sold 53,484 shares valued at $1,769,615.
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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