Horan Capital Management decreased its stake in Yum China Holdings Inc (NASDAQ:YUMC) by 34.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,056 shares of the company’s stock after selling 5,265 shares during the period. Horan Capital Management’s holdings in Yum China Holdings were worth $396,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. FNY Partners Fund LP boosted 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 in the last quarter. Webster Bank N. A. raised its position in shares of 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 in the last quarter. Intrust Bank NA purchased a new position in shares of Yum China Holdings during the first quarter valued at about $201,000. World Asset Management Inc purchased a new position in shares of Yum China Holdings during the first quarter valued at about $215,000. Finally, First Interstate Bank purchased a new position in shares of Yum China Holdings during the first quarter valued at about $235,000.
Yum China Holdings Inc (NASDAQ YUMC) traded up 1.26% on Friday, reaching $37.80. The company’s stock had a trading volume of 1,470,536 shares. The firm has a market cap of $14.49 billion and a P/E ratio of 27.79. Yum China Holdings Inc has a 12 month low of $23.79 and a 12 month high of $42.12. The firm’s 50 day moving average is $37.56 and its 200-day moving average is $33.15.
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 analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities research analysts anticipate that Yum China Holdings Inc will post $1.45 EPS for the current year.
Several equities analysts recently issued reports on YUMC shares. Oppenheimer Holdings, Inc. boosted 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 lowered Yum China Holdings from a “buy” rating to a “hold” rating and boosted their price target for the company from $34.72 to $36.61 in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $35.90 price objective (up from $33.10) on shares of Yum China Holdings in a research note on Thursday, July 6th. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $41.60 price objective on shares of Yum China Holdings in a research note on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Yum China Holdings currently has a consensus rating of “Hold” and an average price target of $37.56.
In related news, insider Shella Ng bought 4,420 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average cost of $34.75 per share, with a total value of $153,595.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Louis Hsieh bought 30,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $34.85 per share, with a total value of $1,045,500.00. Following the completion of the transaction, the director now owns 39,080 shares in the company, valued at approximately $1,361,938. 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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