State of New Jersey Common Pension Fund D Purchases 11,350 Shares of Yum China Holdings Inc (NYSE:YUMC)

State of New Jersey Common Pension Fund D lifted its position in Yum China Holdings Inc (NYSE:YUMC) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 421,701 shares of the company’s stock after purchasing an additional 11,350 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.11% of Yum China worth $19,483,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Advisors LLC bought a new position in shares of Yum China in the first quarter worth $137,000. Pictet Asset Management Ltd. increased its stake in Yum China by 14.9% in the first quarter. Pictet Asset Management Ltd. now owns 693,798 shares of the company’s stock valued at $31,158,000 after acquiring an additional 89,798 shares during the last quarter. Bartlett & Co. LLC increased its stake in Yum China by 181.0% in the first quarter. Bartlett & Co. LLC now owns 2,391 shares of the company’s stock valued at $107,000 after acquiring an additional 1,540 shares during the last quarter. California Public Employees Retirement System increased its stake in Yum China by 18.3% in the first quarter. California Public Employees Retirement System now owns 1,250,104 shares of the company’s stock valued at $56,142,000 after acquiring an additional 193,651 shares during the last quarter. Finally, Hexavest Inc. increased its stake in Yum China by 45.6% in the first quarter. Hexavest Inc. now owns 72,851 shares of the company’s stock valued at $3,272,000 after acquiring an additional 22,809 shares during the last quarter. 79.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:YUMC traded down $1.53 on Tuesday, reaching $43.90. 126,369 shares of the company traded hands, compared to its average volume of 1,926,028. The business has a 50-day simple moving average of $44.22. Yum China Holdings Inc has a 52 week low of $30.10 and a 52 week high of $48.27. The stock has a market capitalization of $17.09 billion, a PE ratio of 28.89, a P/E/G ratio of 2.90 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.30 and a quick ratio of 1.13.

Yum China (NYSE:YUMC) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.07. Yum China had a return on equity of 20.36% and a net margin of 7.55%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts expect that Yum China Holdings Inc will post 1.67 earnings per share for the current fiscal year.

A number of research firms recently commented on YUMC. UBS Group cut Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Bank of America cut Genesee & Wyoming from a “neutral” rating to an “underperform” rating and set a $88.65 target price on the stock. in a research note on Tuesday, April 30th. Goldman Sachs Group cut Megaport from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. Zacks Investment Research raised SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Friday, July 5th. Finally, OTR Global raised Yum China to a “positive” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $48.54.

In other news, Director Muktesh Pant sold 88,184 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $45.76, for a total transaction of $4,035,299.84. Following the completion of the sale, the director now directly owns 403,163 shares in the company, valued at $18,448,738.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Alice H. Wang sold 1,697 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $46.09, for a total transaction of $78,214.73. Following the sale, the insider now owns 10,120 shares of the company’s stock, valued at $466,430.80. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

About Yum China

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

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

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