Will This Downgrade Scare Off Yum! Brands’s Top Institutional Shareholders?

Yum Brands (NYSE:YUM): Lowered guidance has spurred Bank of America to downgrade Yum to Underperform, while lowering its price target from $80 to $60. “Lower valuation for China is driven by uncertainty about sales and earnings tied to late 2012 negative same store sales being exacerbated at the start of 2013 by chicken supply concerns and more recently by avian flu news,” the note read.

These institutional firms indicated owning shares of Yum! Brands, Inc. in Q1 2013. They reported owning a total of 75.441 million shares on 03/31/2013. The shares closed at $71.58 on 03/31/2013.

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Here are the ten largest positions in Yum! Brands, Inc. at the end of March 31st, 2013.

Vanguard Group Inc. held 20,383,185 shares on 03/31/2013 worth $1,466,366,379. This brought the portfolio total to 0.16%.

Blackrock Institutional Trust Company N.A. held 12,069,754 shares on 03/31/2013 worth $868,298,132. This brought the portfolio total to 0.18%.

Mondrian Investment Partners Ltd held 6,735,100 shares on 03/31/2013 worth $484,523,090. This brought the portfolio total to 7.1%.

Bank of New York Mellon Corp. held 6,637,470 shares on 03/31/2013 worth $477,499,608. This brought the portfolio total to 0.15%.

Blackrock Fund Advisors held 3,881,379 shares on 03/31/2013 worth $279,226,415. This brought the portfolio total to 0.11%.

Blackrock Group Ltd held 2,807,011 shares on 03/31/2013 worth $201,936,378. This brought the portfolio total to 0.15%.

Sarasin & Partners LLP held 2,708,465 shares on 03/31/2013 worth $194,846,979. This brought the portfolio total to 3.13%.

Alliancebernstein L.P. held 2,258,410 shares on 03/31/2013 worth $162,470,021. This brought the portfolio total to 0.18%.

DSM Capital Partners LLC held 2,061,324 shares on 03/31/2013 worth $148,291,654. This brought the portfolio total to 3.64%.

Blackrock Inc. held 958,287 shares on 03/31/2013 worth $68,939,169. This brought the portfolio total to 0.13%.

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