Bank of Nova Scotia Boosts Yum! Brands Stake by 167.5%

The Canadian bank now owns over 205,000 shares of the restaurant operator.

Mar. 17, 2026 at 7:24am

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Bank of Nova Scotia raised its holdings in shares of Yum! Brands, Inc. (NYSE:YUM) by 167.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund now owns 205,036 shares of the restaurant operator's stock, up from 76,642 shares previously.

Why it matters

Yum! Brands, the parent company of KFC, Pizza Hut, and Taco Bell, is a major player in the global quick-service restaurant industry. The increase in Bank of Nova Scotia's stake suggests the Canadian bank sees long-term growth potential in the company.

The details

Bank of Nova Scotia acquired an additional 128,394 shares of Yum! Brands during the 3rd quarter, bringing its total holdings to 205,036 shares. This represents approximately 0.07% of Yum! Brands' outstanding shares. The bank's increased investment comes as Yum! Brands continues to expand its global footprint and adapt to changing consumer preferences.

  • Bank of Nova Scotia filed its 13F report for the 3rd quarter of 2026 on March 17, 2026.

The players

Bank of Nova Scotia

A Canadian multinational banking and financial services company headquartered in Toronto.

Yum! Brands, Inc.

A global quick-service restaurant company that operates the KFC, Pizza Hut, and Taco Bell brands.

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The takeaway

Bank of Nova Scotia's increased stake in Yum! Brands suggests the Canadian bank sees long-term growth potential in the global restaurant operator, which continues to adapt its business model to changing consumer preferences.