Yum! Brands Target of Unusually Large Options Trading (YUM)
Shares of Yum! Brands (NYSE:YUM) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 23,874 put options on the stock, ARN reports. This is an increase of 304% compared to the typical volume of 5,915 put options.
In other Yum! Brands news, Director Robert Walter purchased 20,000 shares of Yum! Brands stock on the open market in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average price of $66.09 per share, for a total transaction of $1,321,800.00. Following the acquisition, the director now directly owns 108,301 shares in the company, valued at approximately $7,157,613. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
YUM has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott downgraded shares of Yum! Brands from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $65.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Yum! Brands in a research note to investors on Monday, October 14th. They now have a $72.00 price target on the stock, down previously from $75.00. Finally, analysts at Susquehanna cut their price target on shares of Yum! Brands from $73.00 to $69.00 in a research note to investors on Thursday, October 10th. They now have a “neutral” rating on the stock. Eighteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Yum! Brands has a consensus rating of “Hold” and an average price target of $71.75.
Shares of Yum! Brands (NYSE:YUM) traded down 2.83% during mid-day trading on Wednesday, hitting $65.17. 10,121,546 shares of the company’s stock traded hands. Yum! Brands has a 1-year low of $59.68 and a 1-year high of $75.13. The stock’s 50-day moving average is $72.40 and its 200-day moving average is $70.01. The company has a market cap of $29.022 billion and a P/E ratio of 28.10.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Wednesday, October 9th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by $0.08. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts predict that Yum! Brands will post $2.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Shareholders of record on Friday, October 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Wednesday, October 9th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.34.
Yum! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with approximately 37,000 units in more than 120 countries and territories.
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