Yum China Holdings Inc (NASDAQ:YUMC) Position Cut by Reliance Trust Co. of Delaware

Reliance Trust Co. of Delaware reduced its position in Yum China Holdings Inc (NASDAQ:YUMC) by 17.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,477 shares of the company’s stock after selling 4,902 shares during the period. Reliance Trust Co. of Delaware’s holdings in Yum China Holdings were worth $887,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. FNY Partners Fund LP increased its stake 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 last quarter. Webster Bank N. A. increased its stake 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 last quarter. Intrust Bank NA purchased a new stake in Yum China Holdings during the first quarter worth $201,000. Parthenon LLC purchased a new stake in Yum China Holdings during the second quarter worth $209,000. Finally, World Asset Management Inc purchased a new stake in Yum China Holdings during the first quarter worth $215,000.

Yum China Holdings Inc (NASDAQ YUMC) opened at 37.05 on Friday. Yum China Holdings Inc has a 12-month low of $23.79 and a 12-month high of $42.12. The stock has a 50 day moving average price of $37.23 and a 200 day moving average price of $33.49. The stock has a market cap of $14.20 billion and a P/E ratio of 27.24.

Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings data on Wednesday, July 5th. The company reported $0.27 earnings per share 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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.60 billion. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts forecast that Yum China Holdings Inc will post $1.45 earnings per share for the current fiscal year.

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A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Yum China Holdings from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a research report on Thursday, June 1st. Oppenheimer Holdings, Inc. raised their price target on Yum China Holdings from $35.00 to $43.00 in a research report on Thursday, July 6th. Bank of America Corporation restated 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) restated 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 raised 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 analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $37.56.

In other news, insider Mark Chu sold 22,184 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total transaction of $836,780.48. Following the transaction, the insider now directly owns 23,457 shares of the company’s stock, valued at $884,798.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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.

Institutional Ownership by Quarter for Yum China Holdings (NASDAQ:YUMC)

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