Amendment: SEC Form SC 13G/A filed by Yum! Brands Inc.

11/12/24 5:52:27 PM ET

Restaurants

Consumer Discretionary

Get the next $YUM alert in real time by email

SC 13G/A 1 UnitedStates_13G__YumBrandsI.txt 240.13d-102 Schedule 13G - Information to be included in statements filed pursuant to 240.13d-1(b), (c), and (d) and amendments thereto filed pursuant to 240.13d-2. Securities and Exchange Commission, Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. 12)* (Name of Issuer) Yum! Brands Inc (Title of Class of Securities) Common Stock (CUSIP Number) 988498101 (Date of Event Which Requires Filing of this Statement) September 30, 2024 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: X Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, an* d for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 ( Act ) or otherwise subject to the liabilities of that section of * the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 988498101 (1) Names of reporting persons The Vanguard Group (2) Check the appropriate box if a member of a group (a) (see instructions) (b) X (3) SEC use only (4) Citizenship or place of organization Pennsylvania Number of shares beneficially owned by each reporting person with: (5) Sole voting power 0 (6) Shared voting power 359,197 (7) Sole dispositive power 32,286,594 (8) Shared dispositive power 1,254,674 (9) Aggregate amount beneficially owned by each reporting person 33,541,268 (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions) (11) Percent of class represented by amount in Row (9) 11.92% (12) Type of reporting person (see instructions) IA Item 1(a) Name of issuer: Yum! Brands Inc Item 1(b) Address of issuer's principal executive offices: 1441 Gardiner Lane Louisville, KY 40213 Items 2(a)-2(c). Name, Address Of principal business office, and Citizenship of* persons filing: The Vanguard Group - 23-1945930 100 Vanguard Blvd. Malvern, PA 19355 2(d) Title of class of securities: Common Stock 2(e) CUSIP Number: 988498101 Item 3. This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). Item 4. Ownership As of the close of business on September 30, 2024: (a) Aggregate amount beneficially owned: 33,541,268 (b) Percent of class: 11.92% (c) Number of shares as to which person has: 1. The Vanguard Group (a) Amount beneficially owned: 33,541,268 (b) Percent of class: 11.92% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 359,197 (iii) Sole power to dispose or to direct the disposition of: 32,286,594 (iv) Shared power to dispose or to direct the disposition of: 1,254,674 Item 5.Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following . Item 6. Ownership of More than 5 Percent on Behalf of Another Person. The Vanguard Group, Inc.'s clients, including investment companies registered u* nder the Investment Company Act of 1940 and other managed accounts, have the ri* ght to receive or the power to direct the receipt of dividends from, or the pro* ceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5* %. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reporting on by the Parent Holding Company or Control Person. Not applicable Item 8. Identification and Classification of Members of the Group Not applicable Item 9. Notice of Dissolution of Group. Not applicable Item 10. Certifications By signing below I certify that, to the best of his/her knowledge and belief, t* he securities referred to above were not acquired and are not held for the pur* pose of or with the effect of changing or influencing the control of the issuer* of the securities and were not acquired and are not held in connection with or* as a participant in any transaction having that purpose or effect. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 12, 2024 THE VANGUARD GROUP By: /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

Get the next $YUM alert in real time by email

Recent Analyst Ratings for

$YUM

Date	Price Target	Rating	Analyst
7/14/2025	$200.00	Buy	Melius
6/25/2025	$162.00	Neutral → Overweight	Analyst
6/10/2025	$177.00	Neutral → Buy	Redburn Atlantic
6/4/2025	$167.00	Neutral → Buy	Goldman
1/22/2025	$140.00 → $135.00	Outperform → Mkt Perform	Bernstein
1/21/2025	$158.00 → $140.00	Overweight → Equal-Weight	Morgan Stanley
1/10/2025	$153.00 → $141.00	Buy → Neutral	Citigroup
12/31/2024	$155.00	Hold → Buy	Argus

More analyst ratings

Amendment: SEC Form SC 13G/A filed by Yum! Brands Inc.

11/12/24 5:52:27 PM ET

$YUM

Restaurants

Consumer Discretionary

Get the next $YUM alert in real time by email

Recent Analyst Ratings for

$YUM

Date	Price Target	Rating	Analyst
7/14/2025	$200.00	Buy	Melius
6/25/2025	$162.00	Neutral → Overweight	Analyst
6/10/2025	$177.00	Neutral → Buy	Redburn Atlantic
6/4/2025	$167.00	Neutral → Buy	Goldman
1/22/2025	$140.00 → $135.00	Outperform → Mkt Perform	Bernstein
1/21/2025	$158.00 → $140.00	Overweight → Equal-Weight	Morgan Stanley
1/10/2025	$153.00 → $141.00	Buy → Neutral	Citigroup
12/31/2024	$155.00	Hold → Buy	Argus

More analyst ratings

Amendment: SEC Form SC 13G/A filed by Yum! Brands Inc.

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$YUM

Amendment: SEC Form SC 13G/A filed by Yum! Brands Inc.

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$YUM

$YUM
Press Releases

Yum! Brands, Inc. Declares Quarterly Dividend of $0.71 Per Share

PIZZA HUT LAUNCHES NEW "CRAFTED FLATZZ": AN ABUNDANTLY TOPPED & FLAVORFUL HAND-CRAFTED PERSONAL PIZZA BUILT FOR ADULTZZ ONLY

KFC® Answers the Call of Passionate Fans - Potato Wedges and Hot & Spicy Wings Make a Nationwide Comeback

$YUM
Insider Trading

COO and CPO Skeans Tracy L sold $1,811,493 worth of shares (12,220 units at $148.24), exercised 22,552 shares at a strike of $68.00 and returned $1,533,579 worth of shares to the company (10,332 units at $148.43) (SEC Form 4)

Chief Executive Officer Gibbs David W returned $567,413 worth of shares to the company (3,866 units at $146.77), sold $1,043,445 worth of shares (7,106 units at $146.84) and exercised 10,972 shares at a strike of $51.69 (SEC Form 4)

COO and CPO Skeans Tracy L gifted 2,970 shares and received a gift of 2,970 shares, closing all direct ownership in the company (SEC Form 4)

$YUM
Analyst Ratings

Melius initiated coverage on Yum! Brands with a new price target

Yum! Brands upgraded by Analyst with a new price target

Yum! Brands upgraded by Redburn Atlantic with a new price target

$YUM
SEC Filings

SEC Form 144 filed by Yum! Brands Inc.

SEC Form 144 filed by Yum! Brands Inc.

SEC Form 10-Q filed by Yum! Brands Inc.

$YUM
Leadership Updates

Yum! Brands Appoints Chris Turner as Chief Executive Officer Effective October 1, 2025

Yum! Brands Announces Leadership Transition Plans; David Gibbs to Retire in 2026

Dutch Bros Inc. Outlined Long-Term Growth Strategy at Inaugural Investor Day

$YUM
Large Ownership Changes