NEW YORK (TheStreet) --Yum! Brands (YUM) completed the spinoff of its Yum! China division on Tuesday, the newly separated business began trading on the NYSE under the ticker YUMC. 

Yum! Brands CEO Greg Creed appeared on this morning's "Bloomberg Markets: Americas" from the floor of the NYSE to discuss the split and what Yum! Brands will be focusing on now that the spinoff is complete.

Yum is the parent company of American fast food chains KFC, Taco Bell, and Pizza Hut.

"We're going to concentrate on growing and there's a huge growth potential for all three brands in the 135 countries in which we operate, emerging markets, development markets. So for me it's a real growth story for Yum! Brands," Creed said.

BloombergTV's Vonnie Quinn questioned Creed as to how the company will grow and if there will be any changes in operations, mainly giving more control to franchisees.

"We're going to be more focused, we're going to be more franchised, we're going to be more efficient," he responded. "I think all of those will help us grow. We're going to own less than 1,000 restaurants by the end of 2018. So we'll become a capital-like business that's really focused on growing same store sales and net new units, and that's the area of focus for the organization."

BloombergTV's Mark Barton joined the discussion and asked how much involvement CEO Creed will have in Yum! China and about how smooth the transition process will be.

"We're collaborating better than we ever have and it's not your traditional spin," Creed said. "I'm still going to visit, I'm actually going to meet with [Yum! China CEO] Micky Pant in Singapore in December, I'll still be visiting China four times a year. They're obviously going to be paying us a license fee and we're going to be sharing best practice both ways."

Separately, 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 articles's author. TheStreet Ratings has this to say about the recommendation:

We rate YUM BRANDS INC as a Hold with a ratings score of C+. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.

You can view the full analysis from the report here: YUM

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