Atlantic Trust Group LLC boosted its stake in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 0.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 85,195 shares of the company’s stock after buying an additional 130 shares during the period. Atlantic Trust Group LLC’s holdings in Yum China Holdings were worth $2,317,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the stock. Webster Bank N. A. boosted 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 during the last quarter. Intrust Bank NA acquired a new stake in Yum China Holdings during the first quarter worth $201,000. O Shaughnessy Asset Management LLC acquired a new stake in Yum China Holdings during the fourth quarter worth $201,000. Levin Capital Strategies L.P. acquired a new stake in Yum China Holdings during the fourth quarter worth $204,000. Finally, World Asset Management Inc acquired a new stake in Yum China Holdings during the first quarter worth $215,000.
Shares of Yum China Holdings Inc (NASDAQ YUMC) traded up 0.50% during trading on Friday, reaching $39.88. The company’s stock had a trading volume of 3,680,646 shares. The firm’s 50-day moving average is $37.13 and its 200-day moving average is $30.10. Yum China Holdings Inc has a 12-month low of $23.79 and a 12-month high of $42.12. The stock has a market capitalization of $15.33 billion and a PE ratio of 29.32.
Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings results on Wednesday, April 5th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. The company’s revenue was down 1.5% compared to the same quarter last year. Equities analysts expect that Yum China Holdings Inc will post $1.43 earnings per share for the current year.
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Several research analysts have weighed in on YUMC shares. Zacks Investment Research upgraded shares of Yum China Holdings from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a report on Thursday, June 1st. Sanford C. Bernstein reissued a “market perform” rating and issued a $31.00 price target on shares of Yum China Holdings in a report on Friday, April 7th. Vetr downgraded shares of Yum China Holdings from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $35.00 price target (up from $33.00) on shares of Yum China Holdings in a report on Friday, April 7th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Yum China Holdings from a “buy” rating to a “neutral” rating and set a $33.10 target price on the stock. in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.57.
In other news, insider Shella Ng acquired 4,420 shares of Yum China Holdings stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average cost of $34.75 per share, for a total transaction of $153,595.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Louis Hsieh acquired 30,000 shares of Yum China Holdings stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average price of $34.85 per share, with a total value of $1,045,500.00. Following the completion of the purchase, the director now owns 39,080 shares of the company’s stock, valued at $1,361,938. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 134,420 shares of company stock valued at $4,316,095 and sold 53,484 shares valued at $1,769,615.
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.
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