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Fifth Third Bancorp Trims Stock Position in Yum! Brands, Inc. $YUM
Fifth Third Bancorp reduced its stake in Yum! Brands by 5.9% in Q4, selling 12,672 shares to hold 203,099 shares valued at approximately $30.7 million. Yum! Brands reported strong Q1 results, beating EPS estimates with $1.50 and revenue of $2.06 billion, while also increasing its quarterly dividend to $0.75. Institutional investors maintain significant ownership, and analysts have an average target price of $176.06, categorizing it as a “Moderate Buy.”