BB&T Corp Purchases 414 Shares of Yum China Holdings Inc (YUMC)

BB&T Corp Purchases 414 Shares of Yum China Holdings Inc (YUMC)

BB&T Corp boosted its position in Yum China Holdings Inc (NASDAQ:YUMC) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 61,966 shares of the company’s stock after buying an additional 414 shares during the period. BB&T Corp’s holdings in Yum China Holdings were worth $1,686,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in YUMC. Aberdeen Asset Management PLC UK purchased a new stake in Yum China Holdings during the fourth quarter worth $615,642,000. Loomis Sayles & Co. L P purchased a new stake in Yum China Holdings during the fourth quarter worth $283,475,000. State Street Corp purchased a new stake in Yum China Holdings during the fourth quarter worth $249,999,000. FMR LLC purchased a new stake in Yum China Holdings during the fourth quarter worth $190,734,000. Finally, Norges Bank purchased a new stake in Yum China Holdings during the fourth quarter worth $103,898,000.

Shares of Yum China Holdings Inc (NASDAQ:YUMC) traded down 1.94% during trading on Friday, hitting $33.83. 1,944,265 shares of the stock were exchanged. Yum China Holdings Inc has a one year low of $23.79 and a one year high of $35.57. The stock’s 50 day moving average price is $30.70 and its 200 day moving average price is $27.77. The stock has a market cap of $13.00 billion and a PE ratio of 24.88.

Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings data on Wednesday, April 5th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that Yum China Holdings Inc will post $1.41 EPS for the current year.

A number of analysts recently weighed in on YUMC shares. CIBC upped their target price on shares of Yum China Holdings from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, April 10th. Zacks Investment Research lowered shares of Yum China Holdings from a “hold” rating to a “sell” rating in a research note on Friday, April 7th. Vetr lowered shares of Yum China Holdings from a “strong-buy” rating to a “buy” rating and set a $31.65 price target on the stock. in a research note on Monday, February 6th. Sanford C. Bernstein set a $76.00 price target on shares of Yum China Holdings and gave the company a “buy” rating in a research note on Thursday, January 26th. Finally, Deutsche Bank AG assumed coverage on shares of Yum China Holdings in a research note on Friday, February 24th. They issued a “buy” rating and a $31.48 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $32.74.

In related news, insider Mark Chu sold 11,272 shares of the company’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $34.10, for a total transaction of $384,375.20. Following the completion of the transaction, the insider now directly owns 22,855 shares in the company, valued at approximately $779,355.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Muktesh Pant acquired 100,000 shares of the stock in a transaction that occurred on Friday, April 7th. The shares were bought at an average price of $31.17 per share, with a total value of $3,117,000.00. Following the completion of the purchase, the chief executive officer now owns 115,733 shares in the company, valued at $3,607,397.61. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 53,484 shares of company stock valued at $1,769,615.

Yum China Holdings Company Profile

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.

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