First Manhattan Co. Sells 3,323 Shares of Yum China Holdings Inc (YUMC)

First Manhattan Co. trimmed its holdings in Yum China Holdings Inc (NYSE:YUMC) by 3.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 107,909 shares of the company’s stock after selling 3,323 shares during the quarter. First Manhattan Co.’s holdings in Yum China were worth $3,788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in Yum China by 32.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 18,374,776 shares of the company’s stock valued at $706,693,000 after buying an additional 4,475,130 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in Yum China by 125.2% during the 2nd quarter. OppenheimerFunds Inc. now owns 6,750,611 shares of the company’s stock valued at $259,628,000 after buying an additional 3,753,093 shares during the last quarter. Genesis Asset Managers LLP raised its holdings in Yum China by 19.2% during the 3rd quarter. Genesis Asset Managers LLP now owns 6,223,553 shares of the company’s stock valued at $218,509,000 after buying an additional 1,003,729 shares during the last quarter. Vontobel Asset Management Inc. bought a new stake in Yum China during the 2nd quarter valued at $230,185,000. Finally, Bank of Montreal Can raised its holdings in Yum China by 2.6% during the 3rd quarter. Bank of Montreal Can now owns 3,882,707 shares of the company’s stock valued at $136,322,000 after buying an additional 96,948 shares during the last quarter. Hedge funds and other institutional investors own 82.87% of the company’s stock.

Shares of NYSE YUMC opened at $31.85 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.74 and a quick ratio of 1.51. Yum China Holdings Inc has a 12 month low of $30.10 and a 12 month high of $48.75. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 1.51 and a beta of 1.11.

Yum China (NYSE:YUMC) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Yum China had a net margin of 6.45% and a return on equity of 20.94%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the prior year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts expect that Yum China Holdings Inc will post 1.51 EPS for the current year.

In other Yum China news, insider Angela Ai sold 4,529 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $38.25, for a total value of $173,234.25. Following the completion of the transaction, the insider now directly owns 9,000 shares in the company, valued at approximately $344,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Yum China from a “sell” rating to a “hold” rating in a report on Wednesday. Oppenheimer lowered their price target on shares of Yum China from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, August 2nd. Macquarie lowered shares of Yum China from an “outperform” rating to a “neutral” rating in a report on Thursday, August 2nd. UBS Group lowered shares of Yum China from an “outperform” rating to a “market perform” rating in a report on Friday, August 17th. Finally, Bank of America lowered shares of Yum China from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $44.30 to $34.00 in a report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Yum China currently has an average rating of “Hold” and a consensus price target of $42.50.

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, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.

See Also: Dividend

Institutional Ownership by Quarter for Yum China (NYSE:YUMC)

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