Yum! Brands
About: Yum Brands is a US-based restaurant operator featuring a portfolio of four brands: KFC (31,981 global units at year-end 2024), Pizza Hut (20,225 units), Taco Bell (8,757 units), and Habit Burger & Grill (nearly 400 units). With more than $65 billion in 2024 systemwide sales, the firm is the second-largest restaurant company in the world behind McDonald's ($131 billion). Yum is 98% franchised, with the largest franchisee, Yum China, spun out in 2016, after which Yum China agreed to pay 3% royalties to Yum Brands in perpetuity. Yum is the newest evolution of Tricon, formerly a division of PepsiCo, and generates the bulk of its revenue from franchise royalties and marketing contributions.
Employees: 40,000
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
21% more call options, than puts
Call options by funds: $269M | Put options by funds: $221M
20% more repeat investments, than reductions
Existing positions increased: 477 | Existing positions reduced: 398
11% more first-time investments, than exits
New positions opened: 115 | Existing positions closed: 104
2.05% more ownership
Funds ownership: 82.2% [Q1] → 84.25% (+2.05%) [Q2]
1% less funds holding
Funds holding: 1,326 [Q1] → 1,315 (-11) [Q2]
4% less capital invested
Capital invested by funds: $36.1B [Q1] → $34.7B (-$1.42B) [Q2]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
JP Morgan
John Ivankoe
|
$160
|
Overweight
Maintained
|
6 Aug 2025 |
Wells Fargo
Zachary Fadem
|
$155
|
Equal-Weight
Maintained
|
6 Aug 2025 |
Morgan Stanley
John Glass
|
$151
|
Equal-Weight
Maintained
|
6 Aug 2025 |
Evercore ISI Group
Matt McGinley
|
$165
|
In-Line
Maintained
|
6 Aug 2025 |
Barclays
Jeffrey Bernstein
|
$164
|
Overweight
Maintained
|
5 Aug 2025 |
TD Cowen
Andrew Charles
|
$156
|
Hold
Maintained
|
5 Aug 2025 |
Guggenheim
Gregory Francfort
|
$167
|
Buy
Maintained
|
4 Aug 2025 |
Financial journalist opinion
Based on 9 articles about YUM published over the past 30 days