JPMorgan Chase Reports 6.1% Passive Stake in Yum! Brands

Overview & Ownership Details

On October 16, 2026, JPMorgan Chase & Co. filed Amendment No. 4 to Schedule 13G with the SEC, reporting beneficial ownership of 16,891,995 shares of Yum! Brands, Inc. (NYSE: YUM) Common Stock as of the event date of September 30, 2026.

This position represents 6.1% of Yum! Brands' outstanding common shares.

Voting and Dispositive Authority

The aggregate beneficial ownership is held across several JPMorgan asset management and banking subsidiaries, with voting and dispositive control divided as follows:

• Sole Voting Power: 14,498,334 shares
• Shared Voting Power: 343,407 shares
• Sole Dispositive Power: 16,845,612 shares
• Shared Dispositive Power: 44,825 shares

Relevant operating subsidiaries listed in the filing include J.P. Morgan Investment Management Inc., JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, and JPMorgan Asset Management (UK) Limited, among others.

Market & Trading Significance

• Passive Intent: The filing was made under Rule 13d-1(b), certifying that the securities were acquired in the ordinary course of business and not with the purpose or effect of changing or influencing the control of Yum! Brands.
• Significance Level: Low. Institutional 13G amendments by large multi-asset managers such as JPMorgan Chase generally reflect standard client inflows, portfolio rebalancing, and index tracking rather than activist or directional insider sentiment.