NEW YORK (TheStreet) -- Yum! Brands (YUM) - Get Report stock is increasing 2.04% to $80.59 in afternoon trading on Wednesday following reports that the fast food company is considering selling a share of its Chinese business ahead of the spin-off, according to the Wall Street Journal.
Potential buyers include KKR & Co., Baring Private Equity Asia and other Chinese firms.
In October, the Louisville, KY-based parent company of KFC, Pizza Hut and Taco Bell announced plans to separate its Chinese business.
The transaction is expected to close by the end of this year with the new Chinese company being listed on the New York Stock Exchange, the Journal added.
Separately, Yum! Brands has a "buy" rating and a letter grade of B- at TheStreet Ratings because of the company's impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance.
You can view the full analysis from the report here: YUM
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.