On the 31st of December, the T. Rowe Price Equity Income Fund bought 7 million Yum Brands Inc (YUM) shares for $755 million at an average price of $108.56 per share. Shares of Yum Brands Inc are down -1.30% since the transaction.
The T. Rowe Price Equity Income Fund's holding in Yum Brands Inc increased to about 31 million shares with the purchase.
The T. Rowe Price Equity Income Fund first bought Yum Brands Inc stock in the first quarter of 2001. The T. Rowe Price Equity Income Fund also owns Chipotle Mexican Grill Inc (NYSE:CMG), McDonalds (MCD), Dunkin Brands Group Inc (DNKN) and Dominos Pizza Inc (DPZ). Yum Brands Inc is its number one position by number of shares and market value among restaurants stocks.
Other investors who also added to their Yum Brands Inc shares include California State Teachers Retirement System, Epoch Investment Partners, and Fort Washington Investment Advisors. Contrary to the T. Rowe Price Equity Income Fund, Capital International Inc., Citigroup (NYSE:C), and Eaton Vance (NYSE:EV) Management reduced YUM shares, while Bahl & Gaynor, Capital One Financial Corp (NYSE:COF), and Melvin Capital Management sold all their YUM shares.
The T. Rowe Price Equity Income Fund has also recently reduced their share in Dennys Corp. (DENN). The total value of the shares sold is estimated at around $19 million.
The T. Rowe Price Equity Income Fund also reduced their share in MGM Resorts International (NYSE:MGM), PNM Resources, Inc. (Holding Co (PNM), Becton Dickinson & Co. (NYSE:BDX), Equifax Inc (NYSE:EFX), Tyson Foods Inc (NYSE:TSN), J.B.Hunt Transport Services Inc (JBHT), Concho Resources Inc (NYSE:CXO), Visteon Corp (NASDAQ:VC), RealPage, Inc. (RP), Aptiv PLC (NYSE:APTV), Sprouts Farmers Market Inc. (NASDAQ:SFM), Zendesk (NYSE:ZEN), Planet Fitness Inc (NYSE:PLNT), MyoKardia, Inc. (NASDAQ:MYOK), Slack Technologies Inc (NYSE:WORK), Endava plc (NYSE:DAVA) and Palomar Holdings, Inc. (NASDAQ:PLMR). The total value of the shares sold is estimated at around $6.5 billion.
In addition, the T. Rowe Price Equity Income Fund established new holdings in MultiPlan Corporation (MPLN) and IAC/InterActiveCorp (NASDAQ:IAC). The T. Rowe Price Equity Income Fund also added to their share in Quidel Corp (NASDAQ:QDEL), Vail Resorts Inc (NYSE:MTN), SEACOR Holdings Inc . (NYSE:CKH), SEACOR Holdings Inc., International Paper Co (NYSE:IP), Sealed Air Corp (NYSE:SEE), Lumber Liquidators Holdings, In (NYSE:LL), U.S. Physical Therapy, Inc. (USPH), REX American Resources (NASDAQ:AREC) Corporat (REX), Clearwater Paper Corporation (NYSE:CLW), Proofpoint Inc (NASDAQ:PFPT), RH (NYSE:RH), Franks International NV (FI), Bill.com Holdings, Inc. (NYSE:BILL), Snapchat Inc (SNAP), PCSB Financial Corporation (NASDAQ:PCSB), Cactus (NYSE:WHD), Inc. Class A Common Sto (WHD), Scholar Rock Holding Corporatio (NASDAQ:SRRK), PagerDuty Inc (NYSE:PD) and RAPT Therapeutics, Inc. (NASDAQ:RAPT). The total value of the shares bought is estimated at around $3.8 billion.