Nisa Investment Advisors LLC decreased its stake in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 115,825 shares of the company’s stock after selling 2,350 shares during the period. Nisa Investment Advisors LLC’s holdings in Yum China Holdings were worth $4,551,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the stock. Pennsylvania Trust Co acquired a new stake in shares of Yum China Holdings during the first quarter worth about $351,000. Highbridge Capital Management LLC acquired a new stake in shares of Yum China Holdings during the fourth quarter worth about $1,983,000. Guggenheim Capital LLC acquired a new stake in shares of Yum China Holdings during the fourth quarter worth about $2,180,000. Formula Growth Ltd. boosted its stake in shares of Yum China Holdings by 69.7% in the first quarter. Formula Growth Ltd. now owns 176,775 shares of the company’s stock worth $4,808,000 after buying an additional 72,625 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd boosted its stake in shares of Yum China Holdings by 406.8% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 50,000 shares of the company’s stock worth $1,360,000 after buying an additional 40,135 shares in the last quarter.
Yum China Holdings Inc (NASDAQ:YUMC) opened at 37.16 on Monday. The firm has a market cap of $14.24 billion and a price-to-earnings ratio of 27.32. Yum China Holdings Inc has a 52-week low of $23.79 and a 52-week high of $42.12. The firm’s 50-day moving average is $39.10 and its 200-day moving average is $32.02.
Yum China Holdings (NASDAQ:YUMC) last announced its earnings results on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The business’s revenue was up .4% compared to the same quarter last year. Analysts forecast that Yum China Holdings Inc will post $1.44 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on YUMC shares. Oppenheimer Holdings, Inc. upped their price objective on shares of Yum China Holdings from $35.00 to $43.00 in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Yum China Holdings from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, May 19th. Vetr cut shares of Yum China Holdings from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Deutsche Bank AG cut shares of Yum China Holdings from a “buy” rating to a “hold” rating and upped their price objective for the stock from $34.72 to $36.61 in a report on Thursday, July 6th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $31.00 price objective on shares of Yum China Holdings in a report on Friday, April 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $37.16.
In other Yum China Holdings news, insider Shella Ng acquired 4,420 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $34.75 per share, for a total transaction of $153,595.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Chu sold 11,142 shares of Yum China Holdings stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $33.60, for a total transaction of $374,371.20. Following the completion of the sale, the insider now owns 22,855 shares of the company’s stock, valued at approximately $767,928. The disclosure for this sale can be found here.
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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