Pittenger & Anderson Inc. maintained its stake in shares of Yum China Holdings Inc (NASDAQ:YUMC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,200 shares of the company’s stock at the end of the second quarter. Pittenger & Anderson Inc.’s holdings in Yum China Holdings were worth $2,177,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in Yum China Holdings by 87.2% in the first quarter. Wells Fargo & Company MN now owns 1,945,024 shares of the company’s stock worth $52,905,000 after purchasing an additional 906,126 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Yum China Holdings by 2,943.6% in the first quarter. Canada Pension Plan Investment Board now owns 30,740 shares of the company’s stock worth $836,000 after purchasing an additional 29,730 shares during the last quarter. Suntrust Banks Inc. boosted its position in Yum China Holdings by 47.4% in the first quarter. Suntrust Banks Inc. now owns 28,561 shares of the company’s stock worth $776,000 after purchasing an additional 9,189 shares during the last quarter. Comerica Bank boosted its position in Yum China Holdings by 8.6% in the first quarter. Comerica Bank now owns 28,737 shares of the company’s stock worth $985,000 after purchasing an additional 2,273 shares during the last quarter. Finally, Swiss National Bank boosted its position in Yum China Holdings by 29.6% in the first quarter. Swiss National Bank now owns 845,256 shares of the company’s stock worth $22,990,000 after purchasing an additional 193,259 shares during the last quarter.
In related news, insider Mark Chu sold 22,184 shares of Yum China Holdings stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total value of $836,780.48. Following the completion of the sale, the insider now owns 23,457 shares in the company, valued at approximately $884,798.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several research analysts have weighed in on the company. Zacks Investment Research raised Yum China Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. 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. Bank of America Corporation reaffirmed a “neutral” rating and set a $41.60 price target on shares of Yum China Holdings in a research report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $35.90 price target (up previously from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Finally, Morgan Stanley upped their price target 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 investment 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 presently has a consensus rating of “Hold” and an average price target of $37.56.
Yum China Holdings Inc (NASDAQ:YUMC) traded up 1.43% during mid-day trading on Friday, hitting $37.49. The company had a trading volume of 1,491,291 shares. The firm’s 50 day moving average is $36.49 and its 200 day moving average is $31.00. The company has a market capitalization of $14.37 billion and a price-to-earnings ratio of 27.57. Yum China Holdings Inc has a 52 week low of $23.79 and a 52 week high of $37.71.
Yum China Holdings (NASDAQ:YUMC) last announced its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts predict that Yum China Holdings Inc will post $1.46 EPS for the current year.
Yum China Holdings 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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