Nisa Investment Advisors LLC trimmed its holdings in shares of Yum China Holdings Inc (NYSE:YUMC) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,795 shares of the company’s stock after selling 2,510 shares during the period. Nisa Investment Advisors LLC’s holdings in Yum China were worth $5,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in YUMC. Lavaca Capital LLC purchased a new stake in shares of Yum China in the 4th quarter valued at about $25,000. Paragon Capital Management LLC acquired a new stake in Yum China in the 1st quarter valued at $26,000. Doyle Wealth Management acquired a new stake in Yum China in the 4th quarter valued at $28,000. Intercontinental Wealth Advisors LLC acquired a new stake in Yum China in the 4th quarter valued at $34,000. Finally, AdvisorNet Financial Inc increased its holdings in Yum China by 49.7% in the 4th quarter. AdvisorNet Financial Inc now owns 1,048 shares of the company’s stock valued at $35,000 after purchasing an additional 348 shares in the last quarter. 78.11% of the stock is owned by institutional investors.
In related news, CFO Jacky Wei-Jye Lo sold 1,724 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $45.00, for a total transaction of $77,580.00. Following the transaction, the chief financial officer now owns 9,008 shares in the company, valued at $405,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ted Lee sold 2,246 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $40.98, for a total transaction of $92,041.08. Following the transaction, the insider now owns 1,863 shares in the company, valued at approximately $76,345.74. The disclosure for this sale can be found here. Insiders sold 59,732 shares of company stock worth $2,541,095 in the last three months. 0.44% of the stock is currently owned by corporate insiders.
Yum China (NYSE:YUMC) last issued its earnings results on Thursday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. Yum China had a net margin of 8.41% and a return on equity of 19.62%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.94 billion. On average, analysts predict that Yum China Holdings Inc will post 1.64 EPS for the current year.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Yum China from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. TheStreet upgraded Yum China from a “c+” rating to a “b” rating in a research note on Thursday, January 24th. OTR Global upgraded Yum China to a “positive” rating in a research note on Thursday, April 11th. Goldman Sachs Group upgraded Yum China from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $54.00 in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. lifted their price target on Yum China from $36.50 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $43.80.
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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.
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