NEW YORK (TheStreet) -- McDonald's announced that it has temporarily closed its headquarters for the third year in a row as workers protested wages ahead of its annual meeting, Reuters reports.
Shares of McDonald's are up by 0.14% to $123.37 in after-hours trading on Wednesday.
The Oak Brook, IL-based company has encouraged employees to work from home, a spokeswoman told Reuters.
McDonald's will host the annual shareholder meeting at its headquarters on Thursday with security personnel as usual, the spokeswoman added.
Employees at McDonald's and other restaurant companies are lobbying for $15 per hour wages and the right to form a union.
As many as 10,000 fast-food, home-care and child-care employees from across the country will be protesting the meeting, organizers funded by the Service Employees International Union told Bloomberg.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, expanding profit margins and good cash flow from operations.
The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.
Recently, 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.
You can view the full analysis from the report here: MCD