Alta Capital Management LLC acquired a new position in shares of Yum China Holdings Inc (NYSE:YUMC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,005 shares of the company’s stock, valued at approximately $227,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. raised its stake in Yum China by 497.0% during the second quarter. Invesco Ltd. now owns 35,798,550 shares of the company’s stock worth $1,653,894,000 after acquiring an additional 29,802,453 shares during the period. JPMorgan Chase & Co. raised its stake in Yum China by 20.0% during the second quarter. JPMorgan Chase & Co. now owns 12,968,619 shares of the company’s stock worth $597,595,000 after acquiring an additional 2,163,983 shares during the period. Matthews International Capital Management LLC grew its position in Yum China by 9.1% in the 2nd quarter. Matthews International Capital Management LLC now owns 5,491,810 shares of the company’s stock worth $253,722,000 after purchasing an additional 458,200 shares during the last quarter. Vontobel Asset Management Inc. grew its position in Yum China by 10.9% in the 2nd quarter. Vontobel Asset Management Inc. now owns 4,983,358 shares of the company’s stock worth $228,200,000 after purchasing an additional 490,323 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new position in Yum China in the 2nd quarter worth about $186,840,000. Hedge funds and other institutional investors own 80.70% of the company’s stock.
NYSE YUMC opened at $43.39 on Wednesday. Yum China Holdings Inc has a 52 week low of $30.60 and a 52 week high of $48.36. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 2.71 and a beta of 1.13. The company has a 50-day moving average price of $44.75 and a two-hundred day moving average price of $43.97.
Yum China (NYSE:YUMC) last posted its earnings results on Tuesday, July 30th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.37 by $0.09. Yum China had a net margin of 7.91% and a return on equity of 21.03%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. Yum China’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts expect that Yum China Holdings Inc will post 1.71 earnings per share for the current fiscal year.
Several research analysts have commented on YUMC shares. ValuEngine cut shares of Yum China from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Yum China from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Saturday, September 14th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $51.05.
In other Yum China news, insider Angela Ai sold 13,477 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $44.74, for a total value of $602,960.98. Following the completion of the transaction, the insider now owns 28,445 shares in the company, valued at approximately $1,272,629.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.44% of the stock is currently owned by corporate insiders.
Yum China Company Profile
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, Little Sheep, and COFFii & JOY brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, Mexican-style food, and coffee categories.
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