Southeastern Asset Management Inc. TN trimmed its stake in shares of Yum China Holdings Inc (NASDAQ:YUMC) by 47.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,122,913 shares of the company’s stock after selling 4,715,100 shares during the quarter. Yum China Holdings comprises 2.2% of Southeastern Asset Management Inc. TN’s portfolio, making the stock its 13th largest position. Southeastern Asset Management Inc. TN owned approximately 1.34% of Yum China Holdings worth $201,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in Yum China Holdings by 28.7% in the 2nd quarter. BlackRock Inc. now owns 27,306,495 shares of the company’s stock valued at $1,076,695,000 after acquiring an additional 6,087,048 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Yum China Holdings by 0.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,321,338 shares of the company’s stock valued at $416,741,000 after purchasing an additional 126,232 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Yum China Holdings by 0.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 10,885,386 shares of the company’s stock valued at $296,083,000 after purchasing an additional 32,594 shares during the period. Clearbridge Investments LLC increased its position in shares of Yum China Holdings by 13.8% during the 1st 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. Finally, FMR LLC increased its position in shares of Yum China Holdings by 7.4% during the 2nd 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.

Yum China Holdings Inc (YUMC) remained flat at $42.94 during midday trading on Friday. The stock had a trading volume of 2,277,717 shares. Yum China Holdings Inc has a 52-week low of $23.79 and a 52-week high of $43.55. The company has a 50 day moving average price of $39.65 and a 200 day moving average price of $39.65. The firm has a market capitalization of $16.50 billion and a price-to-earnings ratio of 31.57.

Yum China Holdings (NASDAQ:YUMC) last issued its quarterly earnings data on Thursday, October 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. Yum China Holdings had a net margin of 7.09% and a return on equity of 16.35%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, analysts anticipate that Yum China Holdings Inc will post $1.41 EPS for the current year.

Yum China Holdings announced that its board has initiated a stock repurchase plan on Thursday, October 5th that allows the company to repurchase $550.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a special dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, November 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 29th.

YUMC has been the subject of several research reports. Citigroup Inc. began coverage on Yum China Holdings in a research note on Monday, September 18th. They set a “buy” rating and a $51.00 price objective for the company. Zacks Investment Research cut Yum China Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $41.00 target price on shares of Yum China Holdings in a research report on Friday, July 7th. Deutsche Bank AG cut Yum China Holdings from a “buy” rating to a “hold” rating and raised their target price for the stock from $34.72 to $36.61 in a research report on Thursday, July 6th. Finally, Bank of America Corporation reissued a “neutral” rating and set a $41.60 price objective on shares of Yum China Holdings in a research report on Sunday, July 30th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Yum China Holdings currently has an average rating of “Hold” and a consensus price target of $42.35.

In other news, insider Danny Tan sold 2,124 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were 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 is available at the SEC website. Also, insider Angela Ai sold 17,678 shares of the business’s 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 90 days, insiders have sold 42,606 shares of company stock worth $1,708,901.

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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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