Capital International Investors (NYSE: YUM) reports 7.2% stake in Yum! Brands

Rhea-AI Filing Summary

Capital International Investors, a division of Capital Research and Management Company and related investment management entities, reported beneficial ownership of 20,123,846 shares of Yum! Brands, Inc. common stock. This represented 7.2% of the 277,652,829 shares believed to be outstanding as of the event date.

The filing shows Capital International Investors has sole voting power over 19,634,153 shares and sole dispositive power over 20,123,846 shares, with no shared voting or dispositive power. The securities were acquired and are held in the ordinary course of business and are not held for the purpose of changing or influencing control of Yum! Brands.

Insights

Institutional Ownership Analyst

Large passive holder reports a 7.2% stake in Yum! Brands.

Capital International Investors reports beneficial ownership of 20,123,846 shares, or 7.2% of Yum! Brands’ common stock, based on 277,652,829 shares believed outstanding. It has sole voting power on most of these shares and no shared authority.

The stake is held through divisions of Capital Research and Management Company and affiliated investment management entities under the Capital International Investors name. The filing states the position is held in the ordinary course of business, with no intent to change or influence control of the company.

Because the filing is characterized as passive and does not describe activist intentions or transactions, its effect depends mainly on how this level of institutional ownership fits into the broader shareholder base, which would be detailed in other company disclosures.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

YUM! Brands, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

988498101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 988498101

1

Names of Reporting Persons

Capital International Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

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 19,634,153.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,123,846.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,123,846.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: YUM! Brands, Inc.
(b)	Address of issuer's principal executive offices: 1900 COLONEL SANDERS LANE, LOUISVILLE, KY 40213
Item 2.
(a)	Name of person filing: Capital International Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 988498101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 20,123,846 ** **Capital International Investors ("CII") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CII's divisions of each of the investment management entities collectively provide investment management services under the name "Capital International Investors." CII is deemed to be the beneficial owner of 20,123,846 shares or 7.2% of the 277,652,829 shares believed to be outstanding.
(b)	Percent of class: 7.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 19,634,153
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 20,123,846
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported 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 my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose 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, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Capital International Investors

Signature:	Jae Won Chung
Name/Title:	Vice President and Senior Counsel II, Capital Research and Management Company
Date:	02/12/2026

FAQ

How many Yum! Brands (YUM) shares does Capital International Investors beneficially own?

Capital International Investors beneficially owns 20,123,846 shares of Yum! Brands common stock. This amount is reported as held through divisions of Capital Research and Management Company and affiliated investment management entities operating under the Capital International Investors name.

What percentage of Yum! Brands (YUM) does Capital International Investors hold according to this Schedule 13G/A?

Capital International Investors reports owning 7.2% of Yum! Brands’ common stock. This percentage is based on 277,652,829 shares of common stock believed to be outstanding, as stated in the ownership section of the Schedule 13G/A filing.

Does Capital International Investors have voting power over its Yum! Brands (YUM) shares?

Yes. Capital International Investors has sole voting power over 19,634,153 shares of Yum! Brands common stock. The filing shows no shared voting power, indicating decisions on how these shares are voted are controlled solely by Capital International Investors.

Is Capital International Investors acting as an activist investor in Yum! Brands (YUM)?

The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. It also notes they are not held in connection with any transaction intended to change control, other than limited nomination-related activities.

Who signed the Yum! Brands (YUM) Schedule 13G/A on behalf of Capital International Investors?

The Schedule 13G/A was signed by Jae Won Chung, identified as Vice President and Senior Counsel II, Capital Research and Management Company. The signature certifies that the information in the statement is true, complete, and correct to the signer’s knowledge.

What is the event date for Capital International Investors’ reported Yum! Brands (YUM) ownership?

The date of the event requiring this Schedule 13G/A filing is listed as 12/31/2025. Ownership figures, including the 7.2% beneficial stake, are reported as of this reference date for Yum! Brands’ outstanding common stock.