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Westpac Banking Corp Sells 12,935 Shares of Yum! Brands, Inc. $YUM
Westpac Banking Corp significantly reduced its stake in Yum! Brands, Inc. by selling 12,935 shares, decreasing its holdings by 22.4% and ending with 44,871 shares valued at approximately $6.82 million. Despite this, other institutional investors increased their positions in YUM, and analysts maintain a “Moderate Buy” rating with a target price of $174.50. The company also raised its quarterly dividend to $0.75 per share, resulting in an annualized dividend of $3.00.