JPMorgan Chase & Co. reduced its stake in Yum! Brands by 15.4% during the third quarter, now holding 15.9 million shares valued at approximately $2.42 billion. Meanwhile, other institutional investors like Norges Bank and Invesco Ltd. increased their positions in the restaurant operator. Yum! Brands recently reported Q3 earnings, slightly missing EPS estimates but exceeding revenue expectations, and raised its quarterly dividend to $0.75 per share.
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JPMorgan Chase & Co. Trims Stake in Yum! Brands, Inc. $YUM
JPMorgan Chase & Co. reduced its stake in Yum! Brands by 15.4% during the third quarter, now holding 15.9 million shares valued at approximately $2.42 billion. Meanwhile, other institutional investors like Norges Bank and Invesco Ltd. increased their positions in the restaurant operator. Yum! Brands recently reported Q3 earnings, slightly missing EPS estimates but exceeding revenue expectations, and raised its quarterly dividend to $0.75 per share.