BlackRock Updates Passive Stake in YUM Brands (Amendment No. 8)

TL;DR

**BlackRock just updated its YUM Brands stake, showing continued passive ownership.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of YUM Brands Inc. common stock as of December 31, 2023. This filing, Amendment No. 8, updates their previous disclosures regarding their passive investment in the fast-food giant. This matters to investors because BlackRock is a major institutional holder, and changes in their reported stake can signal shifts in large-scale investor sentiment or portfolio adjustments, even if their overall percentage ownership remains below the threshold for active influence.

Why It Matters

This filing shows BlackRock's continued significant, albeit passive, investment in YUM Brands, which can reassure investors about institutional confidence in the company.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company control.

Analyst Insight

Investors should note BlackRock's continued passive stake as a sign of stable institutional interest, but this filing alone doesn't suggest a need for immediate action. It's a routine update, not a major shift.

Key Players & Entities

• BlackRock Inc. (company) — the filer, a major institutional investor
• YUM Brands Inc. (company) — the subject company, owner of KFC, Pizza Hut, Taco Bell
• December 31, 2023 (date) — the date of the event requiring the filing
• January 25, 2024 (date) — the filing date of the SC 13G/A
• Amendment No: 8 (number) — the specific amendment number of this filing

Forward-Looking Statements

• BlackRock will maintain a passive investment strategy in YUM Brands Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
• YUM Brands Inc. will continue to be a component of large institutional investment portfolios due to its market position. (YUM Brands Inc.) — high confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-003767.txt : 20240125 0001086364-24-003767.hdr.sgml : 20240125 20240125165927 ACCESSION NUMBER: 0001086364-24-003767 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: YUM BRANDS INC CENTRAL INDEX KEY: 0001041061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 133951308 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-52175 FILM NUMBER: 24562964 BUSINESS ADDRESS: STREET 1: 1441 GARDINER LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 BUSINESS PHONE: 5028748300 MAIL ADDRESS: STREET 1: 1900 COLONEL SANDERS LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 FORMER COMPANY: FORMER CONFORMED NAME: TRICON GLOBAL RESTAURANTS INC DATE OF NAME CHANGE: 19970627 FORMER COMPANY: FORMER CONFORMED NAME: GREAT AMERICAN RESTAURANT CO DATE OF NAME CHANGE: 19970618 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us9884981013_012524.txt us9884981013_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8) YUM BRANDS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 988498101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) 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, and 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. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 20696867 (6) Shared voting power 0 (7) Sole dispositive power 23329589 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 23329589 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- YUM BRANDS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1900 COLONEL SANDERS LANE LOUISVILLE KY 40213 Item 2. 2(a) Name of person filing: --