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Teacher Retirement System of Texas Trims Stock Position in Yum! Brands, Inc. $YUM
The Teacher Retirement System of Texas significantly reduced its stake in Yum! Brands (NYSE:YUM) by 42.5% in the fourth quarter, selling 79,389 shares. Following the sale, the pension fund now holds 107,386 shares valued at approximately $16.25 million. This move comes as company insiders also sold shares and Yum! Brands reported quarterly earnings that missed estimates, though revenue increased and the dividend was raised.