Wagner Bowman Management Corp Sells 9,069 Shares of Yum China Holdings Inc (YUMC)
Wagner Bowman Management Corp lowered its stake in Yum China Holdings Inc (NASDAQ:YUMC) by 42.4% during the first quarter, Holdings Channel reports. The fund owned 12,329 shares of the company’s stock after selling 9,069 shares during the period. Wagner Bowman Management Corp’s holdings in Yum China Holdings were worth $335,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. increased its position in Yum China Holdings by 20.3% in the first quarter. Raymond James Trust N.A. now owns 15,153 shares of the company’s stock valued at $412,000 after buying an additional 2,552 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Yum China Holdings by 11.1% in the first quarter. Capstone Asset Management Co. now owns 27,164 shares of the company’s stock worth $739,000 after buying an additional 2,704 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Yum China Holdings during the fourth quarter worth approximately $201,000. Levin Capital Strategies L.P. acquired a new stake in shares of Yum China Holdings during the fourth quarter worth approximately $204,000. Finally, Baldwin Investment Management LLC acquired a new stake in shares of Yum China Holdings during the fourth quarter worth approximately $209,000.
Shares of Yum China Holdings Inc (NASDAQ:YUMC) traded down 1.00% on Friday, reaching $32.75. The company had a trading volume of 2,787,664 shares. The company has a 50 day moving average price of $28.22 and a 200 day moving average price of $27.20. The stock has a market capitalization of $12.59 billion and a PE ratio of 24.08. Yum China Holdings Inc has a 52-week low of $23.79 and a 52-week high of $33.28.
Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings data on Wednesday, April 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.06. The business earned $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. The company’s revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that Yum China Holdings Inc will post $1.41 earnings per share for the current year.
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A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Yum China Holdings from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, April 12th. Vetr downgraded Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Friday, April 7th. CIBC lifted their price objective on Yum China Holdings from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, April 10th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $35.00 price objective (up previously from $33.00) on shares of Yum China Holdings in a research report on Friday, April 7th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $31.00 price objective on shares of Yum China Holdings in a research report on Friday, April 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Yum China Holdings presently has a consensus rating of “Buy” and an average target price of $32.38.
In other Yum China Holdings news, insider Riu Sun sold 5,422 shares of the company’s stock in a transaction dated Friday, April 7th. The shares were sold at an average price of $31.22, for a total transaction of $169,274.84. Following the completion of the sale, the insider now directly owns 17,828 shares in the company, valued at $556,590.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Chu sold 16,472 shares of the company’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $33.00, for a total transaction of $543,576.00. Following the sale, the insider now owns 32,855 shares of the company’s stock, valued at $1,084,215. The disclosure for this sale can be found here. Insiders have sold 31,070 shares of company stock valued at $1,010,868 over the last 90 days.
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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