Yum China Holdings Inc (YUMC) Stake Lifted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its holdings in Yum China Holdings Inc (NASDAQ:YUMC) by 18.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,029 shares of the company’s stock after purchasing an additional 2,931 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Yum China Holdings were worth $750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in YUMC. BlackRock Inc. boosted its stake in shares of Yum China Holdings by 28.7% during the second quarter. BlackRock Inc. now owns 27,306,495 shares of the company’s stock valued at $1,076,695,000 after purchasing an additional 6,087,048 shares during the period. State Street Corp boosted its stake in shares of Yum China Holdings by 4.2% during the second quarter. State Street Corp now owns 9,922,703 shares of the company’s stock valued at $391,256,000 after purchasing an additional 396,628 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Yum China Holdings by 13.8% during the first quarter. Clearbridge Investments LLC now owns 7,908,117 shares of the company’s stock valued at $215,101,000 after purchasing an additional 956,175 shares during the period. FMR LLC boosted its stake in shares of Yum China Holdings by 7.4% during the second quarter. FMR LLC now owns 6,576,492 shares of the company’s stock valued at $259,311,000 after purchasing an additional 455,254 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Yum China Holdings by 62.7% during the second quarter. UBS Asset Management Americas Inc. now owns 4,167,324 shares of the company’s stock valued at $164,318,000 after purchasing an additional 1,605,418 shares during the period.

In other news, insider Danny Tan sold 2,124 shares of Yum China Holdings stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $41.84, for a total value of $88,868.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Angela Ai sold 17,678 shares of Yum China Holdings stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $43.05, for a total value of $761,037.90. The disclosure for this sale can be found here. Insiders sold 42,606 shares of company stock worth $1,708,901 over the last quarter.

Shares of Yum China Holdings Inc (NASDAQ:YUMC) traded down 0.54% during trading on Friday, reaching $40.39. 278,317 shares of the company traded hands. Yum China Holdings Inc has a 1-year low of $24.00 and a 1-year high of $43.55. The stock’s 50 day moving average is $40.18 and its 200 day moving average is $40.18. The company has a market capitalization of $15.52 billion and a price-to-earnings ratio of 29.70.

Yum China Holdings (NASDAQ:YUMC) last posted its earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). Yum China Holdings had a net margin of 10.84% and a return on equity of 30.55%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the business earned $0.52 earnings per share. Yum China Holdings’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts forecast that Yum China Holdings Inc will post $1.42 EPS for the current year.

The firm also recently disclosed a special dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, November 29th.

Yum China Holdings announced that its board has authorized a share repurchase plan on Thursday, October 5th that authorizes the company to buyback $550.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Yum China Holdings from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of Yum China Holdings in a research note on Monday, October 9th. Instinet reaffirmed a “buy” rating and issued a $51.60 price objective (up from $51.50) on shares of Yum China Holdings in a research note on Monday, October 9th. Nomura began coverage on shares of Yum China Holdings in a report on Monday, October 9th. They issued a “buy” rating and a $51.60 target price for the company. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $45.10 target price (up from $41.60) on shares of Yum China Holdings in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Yum China Holdings currently has an average rating of “Hold” and a consensus target price of $42.35.

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.

Institutional Ownership by Quarter for Yum China Holdings (NASDAQ:YUMC)

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