Cornerstone Capital Management Holdings LLC. Invests $2.27 Million in Yum China Holdings Inc (NASDAQ:YUMC)

Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Yum China Holdings Inc (NASDAQ:YUMC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,559 shares of the company’s stock, valued at approximately $2,269,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BKD Wealth Advisors LLC lifted its position in shares of Yum China Holdings by 0.4% during the 2nd quarter. BKD Wealth Advisors LLC now owns 7,547 shares of the company’s stock worth $298,000 after purchasing an additional 30 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Yum China Holdings by 3.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,719 shares of the company’s stock worth $107,000 after purchasing an additional 102 shares during the last quarter. Hall Capital Management Co. Inc. lifted its position in shares of Yum China Holdings by 1.2% during the 2nd quarter. Hall Capital Management Co. Inc. now owns 10,126 shares of the company’s stock worth $399,000 after purchasing an additional 118 shares during the last quarter. QS Investors LLC lifted its position in shares of Yum China Holdings by 1.4% during the 2nd quarter. QS Investors LLC now owns 15,270 shares of the company’s stock worth $602,000 after purchasing an additional 204 shares during the last quarter. Finally, Whittier Trust Co. lifted its position in shares of Yum China Holdings by 2.4% during the 2nd quarter. Whittier Trust Co. now owns 12,501 shares of the company’s stock worth $493,000 after purchasing an additional 297 shares during the last quarter.

Yum China Holdings Inc (NASDAQ YUMC) traded down 1.23% during midday trading on Friday, hitting $40.11. The stock had a trading volume of 1,285,170 shares. Yum China Holdings Inc has a 1-year low of $24.00 and a 1-year high of $43.55. The company’s 50 day moving average is $40.18 and its 200 day moving average is $40.18. The company has a market cap of $15.41 billion and a price-to-earnings ratio of 29.49.

Yum China Holdings (NASDAQ:YUMC) last released its quarterly earnings results on Thursday, October 5th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that Yum China Holdings Inc will post $1.42 earnings per share for the current fiscal year.

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

Yum China Holdings declared that its Board of Directors has initiated a share repurchase plan on Thursday, October 5th that permits the company to repurchase $550.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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In other news, insider Mark Chu sold 22,184 shares of Yum China Holdings stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total value of $836,780.48. Following the completion of the sale, the insider now directly owns 23,457 shares in the company, valued at $884,798.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Angela Ai sold 17,678 shares of Yum China Holdings stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $43.05, for a total transaction of $761,037.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,606 shares of company stock valued at $1,708,901.

Several equities analysts recently issued reports on YUMC shares. Zacks Investment Research upgraded Yum China Holdings from a “sell” rating to a “hold” rating in a research note on Thursday. Oppenheimer Holdings, Inc. boosted their price target on Yum China Holdings from $35.00 to $43.00 in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $35.90 price target (up from $33.10) on shares of Yum China Holdings in a research note on Thursday, July 6th. Morgan Stanley restated an “overweight” rating and set a $45.00 price target on shares of Yum China Holdings in a research note on Monday, October 9th. Finally, Nomura started coverage on Yum China Holdings in a research note on Monday, October 9th. They set a “buy” rating and a $51.60 price target on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target 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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