NEW YORK (TheStreet) --As Yum! Brands (YUM) completed the spinoff of its China division today with Yum! China debuting under the ticker YUMC, the "Fast Money Halftime Report" panel on CNBC weighed in on owning the two stocks.
"I own YUM, and now I own YUMC. I'm going to hold onto both of them. I bought a little bit of YUM this morning because I still think there's a re-structuring story there and I don't think that changes," TIAA Asset Management managing director Stephanie Link noted.
YUMC also has a re-structuring story and trades at 7.5 times EBITDA. "So it's attractive," Link added. "I like both pieces, separation spins usually work."
Ritholtz Wealth Management CEO Josh Brown also owns shares of both Yum! Brands and Yum! China.
"I'm keeping both pieces. YUMC is the largest publicly traded franchiser in the world right now as a standalone company. I think it's got legs," he said.
Shares of Yum! Brands were lower in mid-afternoon trading on Tuesday.
"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: