Yum China Holdings Inc (NASDAQ:YUMC) Stake Increased by Klingenstein Fields & Co. LLC
Klingenstein Fields & Co. LLC boosted its position in Yum China Holdings Inc (NASDAQ:YUMC) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 281,702 shares of the company’s stock after buying an additional 890 shares during the period. Klingenstein Fields & Co. LLC owned 0.07% of Yum China Holdings worth $11,108,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. FNY Partners Fund LP increased 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 worth $100,000 after buying an additional 3,600 shares during the period. Parkside Financial Bank & Trust increased 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 worth $107,000 after buying an additional 102 shares during the period. Webster Bank N. A. increased 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 worth $111,000 after buying an additional 625 shares during the period. Intrust Bank NA purchased a new position in Yum China Holdings during the first quarter worth about $201,000. Finally, Parthenon LLC purchased a new position in Yum China Holdings during the second quarter worth about $209,000.
Yum China Holdings Inc (YUMC) traded up 1.26% during trading on Friday, reaching $37.80. The company had a trading volume of 1,470,536 shares. The stock has a 50 day moving average price of $37.56 and a 200 day moving average price of $33.15. The firm has a market capitalization of $14.49 billion and a P/E ratio of 27.79. 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 posted its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $1.60 billion. Yum China Holdings’s revenue was up .4% on a year-over-year basis. Analysts predict that Yum China Holdings Inc will post $1.45 earnings per share for the current year.
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YUMC has been the topic of a number of research reports. Oppenheimer Holdings, Inc. raised their price target on Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Zacks Investment Research upgraded Yum China Holdings from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Friday, May 19th. Deutsche Bank AG downgraded Yum China Holdings from a “buy” rating to a “hold” rating and lifted their target price for the company from $34.72 to $36.61 in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $35.90 target price (up from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Finally, Bank of America Corporation reiterated a “neutral” rating and set a $41.60 target price on shares of Yum China Holdings in a research report on Sunday, July 30th. Two 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. Yum China Holdings currently has a consensus rating of “Hold” and a consensus target price of $37.56.
In other news, Director Louis Hsieh bought 30,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $34.85 per share, with a total value of $1,045,500.00. Following the purchase, the director now directly owns 39,080 shares in the company, valued at approximately $1,361,938. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shella Ng bought 4,420 shares of the stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average cost of $34.75 per share, for a total transaction of $153,595.00. The disclosure for this purchase 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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