NEW YORK (TheStreet) -- Shares of The Walt Disney Co. (DIS) - Get Report were gaining 3.8% to $106.83 on Thursday afternoon. During its annual meeting today, the company announced it's working on a sequel to Frozen and provided some details about two of the next movies in the Star Wars franchise. It also re-elected its board of directors.

Walt Disney Animation Studios Chief Creative Officer John Lasseter announced the sequel to Frozen, which generated $1.3 billion in the box office, according to Variety, during the meeting in San Francisco. Directors Chris Buck and Jennifer Lee were confirmed to be working on the movie, which currently has no release date.

During the annual meeting, Disney also announced that the next movie in the Star Wars franchise will be a spin-off film titled Star Wars: Rogue One. The spin-off movie will star Felicity Jones, and is set for release on Dec. 16, 2016.

The next numbered sequel in the Star Wars franchise will be Star Wars VIII, and is now scheduled for a May 26, 2017 release, the company said. Rian Johnson, writer and director of Looper and director of several episodes of Breaking Bad, will write and direct the sequel.

Disney also announced that its shareholders re-elected CEO Bob Iger and the nine other board members, and rejected a proposal to split the CEO and chairman positions, according to Reuters.

Jim Cramer interviewed CEO Bob Iger on his Mad Money show yesterday. Following today's announcements, Cramer said, "Bob's one of my most bankable CEOs, even put him in Get Rich Carefully, and today's a day where you see why."

TheStreet Ratings team rates DISNEY (WALT) CO as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate DISNEY (WALT) CO (DIS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• DIS's revenue growth has slightly outpaced the industry average of 7.4%. Since the same quarter one year prior, revenues slightly increased by 8.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
• DISNEY (WALT) CO has improved earnings per share by 23.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, DISNEY (WALT) CO increased its bottom line by earning $4.25 versus $3.38 in the prior year. This year, the market expects an improvement in earnings ($4.90 versus $4.25).
• The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Media industry and the overall market, DISNEY (WALT) CO's return on equity exceeds that of both the industry average and the S&P 500.
• Net operating cash flow has significantly increased by 53.05% to $1,855.00 million when compared to the same quarter last year. In addition, DISNEY (WALT) CO has also modestly surpassed the industry average cash flow growth rate of 47.67%.
• Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 27.03% over the past year, a rise that has exceeded that of the S&P 500 Index. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
• You can view the full analysis from the report here: DIS Ratings Report