Westpac Banking Corp Has $107,000 Position in Yum China Holdings Inc (YUMC)
Westpac Banking Corp decreased its stake in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 92.4% during the first quarter, Holdings Channel reports. The institutional investor owned 3,923 shares of the company’s stock after selling 47,697 shares during the period. Westpac Banking Corp’s holdings in Yum China Holdings were worth $107,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of YUMC. State Street Corp acquired a new position in Yum China Holdings during the fourth quarter valued at about $249,999,000. FMR LLC acquired a new position in Yum China Holdings during the fourth quarter valued at about $190,734,000. Norges Bank acquired a new position in Yum China Holdings during the fourth quarter valued at about $103,898,000. Bank of Montreal Can boosted its position in Yum China Holdings by 419.1% in the first quarter. Bank of Montreal Can now owns 2,511,064 shares of the company’s stock valued at $68,302,000 after buying an additional 2,027,352 shares during the last quarter. Finally, Thornburg Investment Management Inc. boosted its position in Yum China Holdings by 50.1% in the first quarter. Thornburg Investment Management Inc. now owns 4,815,741 shares of the company’s stock valued at $130,988,000 after buying an additional 1,607,481 shares during the last quarter.
Shares of Yum China Holdings Inc (NASDAQ:YUMC) traded up 0.50% on Friday, hitting $39.88. The company’s stock had a trading volume of 3,680,646 shares. Yum China Holdings Inc has a 52 week low of $23.79 and a 52 week high of $42.12. The stock’s 50 day moving average is $37.13 and its 200-day moving average is $30.10. The company has a market cap of $15.33 billion and a price-to-earnings ratio of 29.32.
Yum China Holdings (NASDAQ:YUMC) last issued its earnings results on Wednesday, April 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Yum China Holdings’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts anticipate that Yum China Holdings Inc will post $1.43 earnings per share for the current year.
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Several equities analysts have issued reports on the company. J P Morgan Chase & Co assumed coverage on Yum China Holdings in a research report on Friday, June 2nd. They set an “overweight” rating and a $42.00 target price on the stock. Sanford C. Bernstein reiterated a “market perform” rating and set a $31.00 target price on shares of Yum China Holdings in a research report on Friday, April 7th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $35.00 target price (up previously from $33.00) on shares of Yum China Holdings in a research report on Friday, April 7th. Zacks Investment Research cut Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, CIBC boosted their target price on Yum China Holdings from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, April 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Yum China Holdings currently has an average rating of “Hold” and an average price target of $34.57.
In other Yum China Holdings news, Director Louis Hsieh acquired 30,000 shares of Yum China Holdings stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $34.85 per share, with a total value of $1,045,500.00. Following the purchase, the director now owns 39,080 shares in the company, valued at $1,361,938. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Muktesh Pant acquired 100,000 shares of Yum China Holdings stock in a transaction that occurred on Friday, April 7th. The stock was acquired at an average cost of $31.17 per share, with a total value of $3,117,000.00. Following the purchase, the chief executive officer now owns 115,733 shares in the company, valued at approximately $3,607,397.61. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 134,420 shares of company stock valued at $4,316,095 and sold 53,484 shares valued at $1,769,615.
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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