0001085146-22-000817.txt : 20220211 0001085146-22-000817.hdr.sgml : 20220211 20220210191041 ACCESSION NUMBER: 0001085146-22-000817 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220211 DATE AS OF CHANGE: 20220210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: YUM BRANDS INC CENTRAL INDEX KEY: 0001041061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 133951308 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-52175 FILM NUMBER: 22615996 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: Magellan Asset Management Ltd CENTRAL INDEX KEY: 0001536105 IRS NUMBER: 000000000 STATE OF INCORPORATION: C3 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: LEVEL 36 STREET 2: 25 MARTIN PLACE CITY: SYDNEY STATE: C3 ZIP: 2000 BUSINESS PHONE: 61292354888 MAIL ADDRESS: STREET 1: LEVEL 36 STREET 2: 25 MARTIN PLACE CITY: SYDNEY STATE: C3 ZIP: 2000 SC 13G 1 yumus_21022.htm MAGELLAN ASSET MANAGEMENT LTD yumus_21022.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
YUM BRANDS INC
(Name of Issuer)
COM
(Title of Class of Securities)
988498101
(CUSIP Number)
December 31, 2021
(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 Instructions).
CUSIP No.: 988498101
       
1
NAME OF REPORTING PERSON
MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
000000000
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [   ]
(b) [   ]
3 SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
AUSTRALIA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5
SOLE VOTING POWER
10,359,192
6
SHARED VOTING POWER
7
SOLE DISPOSITIVE POWER
15,431,704
8
SHARED DISPOSITIVE POWER
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,431,704

10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[   ]
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.26%
12
TYPE OF REPORTING PERSON
INVESTMENT ADVISER
CUSIP No.: 988498101
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
ITEM 2(a). NAME OF PERSON FILING:
MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
LEVEL 36
25 MARTIN PLACE
SYDNEY
NSW 2021
AUSTRALIA
ITEM 2(c). CITIZENSHIP:
AUSTRALIA
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
COM
ITEM 2(e). CUSIP NUMBER:
988498101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 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. 78c);
(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)
[X]		 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);
(k)
[ ]		 Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution:
ITEM 4. OWNERSHIP
(a) Amount beneficially owned:
15,431,704
(b) Percent of class:
5.26%
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote:
MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT : 10,359,192

(ii) shared power to vote or to direct the vote:
MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT :
(iii) sole power to dispose or direct the disposition of:
MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT : 15,431,704

(iv) shared power to dispose or to direct the disposition of:
MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT :
ITEM 5. OWNERSHIP OF FIVE 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 five percent of the class of securities, check the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
ITEM 10. CERTIFICATION:
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.
CUSIP No.: 988498101
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.
February 10 2022
MAGELLAN ASSET MANAGEMENT LIMITED dba MFG ASSET MANAGEMENT
By:
/s/
Name:
Marcia Venegas
Title:
Chief Compliance Officer
Attention — Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).