Yum! Brands Sees Unusually High Options Volume (YUM)
Yum! Brands (NYSE:YUM) saw unusually large options trading activity on Thursday. Traders purchased 29,031 put options on the company, Stock Ratings Network reports. This represents an increase of 296% compared to the typical daily volume of 7,336 put options.
In other Yum! Brands news, CFO Patrick Grismer sold 1,753 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $75.21, for a total transaction of $131,843.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on YUM. Analysts at Morgan Stanley downgraded shares of Yum! Brands from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday. They now have a $54.00 price target on the stock, down previously from $77.00. Separately, analysts at UBS AG initiated coverage on shares of Yum! Brands in a research note to investors on Wednesday. They set a “buy” rating and a $85.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Yum! Brands in a research note to investors on Tuesday. They set a “neutral” rating and a $79.00 price target on the stock. Seventeen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Yum! Brands presently has an average rating of “Hold” and an average target price of $74.00.
Shares of Yum! Brands (NYSE:YUM) traded down 1.93% on Thursday, hitting $75.05. 3,773,094 shares of the company’s stock traded hands. Yum! Brands has a one year low of $59.68 and a one year high of $78.68. The stock has a 50-day moving average of $74.78 and a 200-day moving average of $71.89. The company has a market cap of $33.422 billion and a P/E ratio of 32.06.
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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