Who Owns Taco Bell?
Updated onExplore the ownership hierarchy of Taco Bell. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Taco Bell
Large quick-service chain offering Mexican-inspired tacos, burritos and value-driven menu items across a broad footprint.
Yum! Brands, Inc.
Yum! Brands, Inc. is an American public multinational fast food corporation that develops, operates, and franchises quick-service restaurant brands including KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill worldwide.
Taco Bell
Large quick-service chain offering Mexican-inspired tacos, burritos and value-driven menu items across a broad footprint.
Yum! Brands, Inc.
Yum! Brands, Inc. is an American public multinational fast food corporation that develops, operates, and franchises quick-service restaurant brands including KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill worldwide.
Major Shareholders
Taco Bell
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
The Vanguard Group, Inc. Largest institutional shareholder of Yum! Brands, Inc. (NYSE:YUM), the public parent of Taco Bell, with roughly 12.69% of outstanding common stock as of September 30, 2025. | Institutional | 12.7% | Sep 2025 |
BlackRock, Inc. Major institutional holder of Yum! Brands shares, owning about 9.33% of the company as of September 30, 2025. | Institutional | 9.3% | Sep 2025 |
Capital Research and Management Company Capital Research and Management Company (part of Capital Group) holds an estimated 6.64% stake in Yum! Brands based on Q3 2025 holdings disclosures. | Institutional | 6.6% | Sep 2025 |
T. Rowe Price Group, Inc. T. Rowe Price investment vehicles collectively own roughly 6.24% of Yum! Brands as reported for the quarter ended September 30, 2025. | Institutional | 6.2% | Sep 2025 |
JP Morgan Asset Management JP Morgan Asset Management controls about 5.16% of Yum! Brands stock as of the same reporting date. | Institutional | 5.2% | Sep 2025 |
State Street Global Advisors, Inc. State Street Global Advisors manages approximately 4.70% of Yum! Brands outstanding shares as of September 30, 2025. | Institutional | 4.7% | Sep 2025 |
Geode Capital Management, LLC Geode Capital Management, which sub-advises certain index funds, owns around 3.13% of Yum! Brands as of Q3 2025. | Institutional | 3.1% | Sep 2025 |
Norges Bank Investment Management Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, holds about 1.46% of Yum! Brands, based on June 30, 2025 filings. | Government | 1.5% | Jun 2025 |
Loomis, Sayles & Company, L.P. Loomis, Sayles & Company reports an approximately 1.40% position in Yum! Brands as of September 30, 2025. | Institutional | 1.4% | Sep 2025 |
UBS Asset Management AG UBS Asset Management AG holds close to 1.37% of Yum! Brands common stock as of the same quarter. | Institutional | 1.4% | Sep 2025 |
Yum! Brands, Inc.
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
The Vanguard Group, Inc. (and affiliated Vanguard funds) Largest single shareholder; Q3 2025 major-holder data shows Vanguard owning about 35.24M YUM shares (~12.69% of shares outstanding) as of September 30, 2025, based on aggregated 13F filings. An earlier Schedule 13G/A filed in April 2024 reported roughly 29.0M shares (10.31%), indicating the stake has grown over time. | Institutional | 12.7% | Sep 2025 |
BlackRock, Inc. (and affiliates) Second-largest owner; Q3 2025 institutional holder summaries attribute about 25.9M YUM shares to BlackRock, or roughly 9.3–9.4% of the company. A Schedule 13G/A filed February 5, 2025 disclosed a very similar position of 26.7M shares, or about 9.6% of the outstanding stock. | Institutional | 9.3% | Sep 2025 |
Capital International Investors (Capital Group) Capital International Investors, part of Capital Group, reported beneficial ownership of 16,732,461 YUM shares, representing 6.0% of the class, in a Schedule 13G filed November 13, 2025 (event date September 30, 2025), based on 277,535,696 shares outstanding. | Institutional | 6.0% | Sep 2025 |
T. Rowe Price Investment Management, Inc. T. Rowe Price Investment Management filed a Schedule 13G on November 14, 2025 showing beneficial ownership of about 15.7M YUM shares, or 5.7% of the company, as of September 30, 2025. | Institutional | 5.7% | Sep 2025 |
JPMorgan Chase & Co. (and affiliated entities) An amended Schedule 13G filed by JPMorgan Chase & Co. reports beneficial ownership of 15,380,354 YUM shares, corresponding to about 5.5% of outstanding common stock as of September 30, 2025. | Institutional | 5.5% | Sep 2025 |
State Street Corporation State Street is disclosed as holding roughly 13.0M YUM shares, or about 4.7% of the company, in late‑2025 institutional ownership tables compiled from regulatory filings. | Institutional | 4.7% | Sep 2025 |
Geode Capital Management, LLC Geode Capital Management, an index manager affiliated with Fidelity, is reported to own around 8.7M YUM shares, equating to roughly 3.1% of shares outstanding as of Q3 2025. | Institutional | 3.1% | Sep 2025 |
Norges Bank Investment Management (Norwegian Government Pension Fund Global) Norges Bank Investment Management, which manages Norway’s sovereign wealth fund, holds about 4.07M YUM shares, or approximately 1.46% of the company, according to holdings reported as of June 30, 2025. | Government | 1.5% | Jun 2025 |
Loomis, Sayles & Company, L.P. Active manager Loomis Sayles is listed among Yum! Brands’ largest institutional investors with roughly 3.87M shares held, representing about 1.4% ownership as of Q3 2025. | Institutional | 1.4% | Sep 2025 |
UBS Asset Management UBS Asset Management appears in top‑holder rankings with approximately 3.80M YUM shares, or about 1.37% of shares outstanding, based on Q3 2025 institutional ownership data. | Institutional | 1.4% | Sep 2025 |
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