Private Advisor Group LLC lifted its position in shares of Yum China Holdings, Inc. (NYSE:YUMC – Free Report) by 4.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,893 shares of the company’s stock after purchasing an additional 597 shares during the period. Private Advisor Group LLC’s holdings in Yum China were worth $625,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. LRI Investments LLC purchased a new position in shares of Yum China during the first quarter worth approximately $36,000. McClarren Financial Advisors Inc. grew its position in Yum China by 906.5% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 926 shares of the company’s stock worth $42,000 after purchasing an additional 834 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in Yum China in the first quarter valued at $39,000. Eagle Bay Advisors LLC raised its holdings in shares of Yum China by 53.7% in the second quarter. Eagle Bay Advisors LLC now owns 1,088 shares of the company’s stock valued at $34,000 after buying an additional 380 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Yum China by 140.3% during the second quarter. National Bank of Canada FI now owns 1,490 shares of the company’s stock worth $45,000 after buying an additional 870 shares during the period. 85.58% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Yum China
In related news, Director Robert Blaine Aiken, Jr. purchased 3,000 shares of the stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of $33.74 per share, with a total value of $101,220.00. Following the purchase, the director now directly owns 12,088 shares in the company, valued at $407,849.12. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Robert Blaine Aiken, Jr. purchased 3,000 shares of Yum China stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $33.74 per share, for a total transaction of $101,220.00. Following the transaction, the director now owns 12,088 shares in the company, valued at approximately $407,849.12. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Warton Wang purchased 3,700 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average price of $34.67 per share, for a total transaction of $128,279.00. Following the acquisition, the insider now owns 25,023 shares in the company, valued at approximately $867,547.41. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 18,400 shares of company stock valued at $619,671. 0.30% of the stock is owned by company insiders.
Yum China Trading Up 2.2 %
Yum China (NYSE:YUMC – Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.76 billion. Yum China had a return on equity of 12.41% and a net margin of 7.61%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. Equities research analysts expect that Yum China Holdings, Inc. will post 2.23 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on YUMC shares. Macquarie upgraded Yum China from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $37.40 in a research report on Tuesday, August 6th. Citigroup upgraded Yum China to a “strong-buy” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Yum China has a consensus rating of “Buy” and a consensus target price of $46.18.
Get Our Latest Analysis on Yum China
Yum China Company Profile
Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.
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