Stock Traders Purchase High Volume of Call Options on Yum! Brands (YUM)
Yum! Brands (NYSE:YUM) was the recipient of unusually large options trading on Thursday. Stock traders purchased 8,799 call options on the company, Stock Ratings Network reports. This is an increase of 258% compared to the average volume of 2,461 call options.
In other Yum! Brands news, SVP Jonathan David Blum unloaded 2,711 shares of Yum! Brands stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $71.54, for a total value of $193,944.94. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on YUM. Analysts at Telsey Advisory Group reiterated a “” rating on shares of Yum! Brands in a research note on Thursday. They now have a $75.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Yum! Brands from $83.00 to $76.00 in a research note on Thursday. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Yum! Brands in a research note on Tuesday, August 26th. They now have a $76.00 price target on the stock. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $80.00.
Shares of Yum! Brands (NYSE:YUM) traded up 0.28% during mid-day trading on Thursday, hitting $71.68. 7,697,163 shares of the company’s stock traded hands. Yum! Brands has a 52 week low of $64.08 and a 52 week high of $83.58. The stock’s 50-day moving average is $72.57 and its 200-day moving average is $75.93. The company has a market cap of $31.514 billion and a P/E ratio of 27.11.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.01. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the company posted $0.56 earnings per share. Yum! Brands’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that Yum! Brands will post $3.56 EPS for the current fiscal year.
YUM! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with over 39,000 units in more than 125 countries and territories.