Hanson & Doremus Investment Management Has $370,000 Stock Holdings in Yum China Holdings Inc (NYSE:YUMC)

Hanson & Doremus Investment Management grew its holdings in Yum China Holdings Inc (NYSE:YUMC) by 787.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,148 shares of the company’s stock after buying an additional 7,230 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Yum China were worth $370,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Griffin Asset Management Inc. bought a new stake in Yum China during the 2nd quarter worth about $32,000. Westside Investment Management Inc. bought a new stake in Yum China during the 2nd quarter worth about $34,000. HM Payson & Co. bought a new stake in Yum China during the 2nd quarter worth about $37,000. Doyle Wealth Management bought a new stake in Yum China during the 2nd quarter worth about $39,000. Finally, Country Trust Bank grew its holdings in Yum China by 100.0% during the 2nd quarter. Country Trust Bank now owns 1,088 shares of the company’s stock worth $49,000 after acquiring an additional 544 shares during the last quarter. Institutional investors own 80.61% of the company’s stock.

Several research analysts have recently issued reports on the stock. ValuEngine lowered shares of Yum China from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Yum China from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Saturday, September 14th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $51.05.

Shares of NYSE YUMC opened at $43.82 on Friday. The firm has a market capitalization of $16.61 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.73 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 0.01. Yum China Holdings Inc has a 1 year low of $30.60 and a 1 year high of $48.36. The firm’s 50-day moving average is $44.88 and its 200-day moving average is $44.00.

Yum China (NYSE:YUMC) last issued its earnings results on Tuesday, July 30th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.16 billion. Yum China had a net margin of 7.91% and a return on equity of 21.03%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. As a group, equities research analysts anticipate that Yum China Holdings Inc will post 1.71 earnings per share for the current fiscal year.

In other news, insider Angela Ai sold 13,477 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $44.74, for a total value of $602,960.98. Following the transaction, the insider now owns 28,445 shares of the company’s stock, valued at approximately $1,272,629.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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