Dow Today: McDonald's Corporation (MCD) Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading down 49.0 points (-0.3%) at 14,816 as of Friday, Apr 12, 2013, 11:35 a.m. ET. During this time, 213.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 598.9 million. The NYSE advances/declines ratio sits at 787 issues advancing vs. 2,069 declining with 143 unchanged.
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The Dow component leading the way higher looks to be McDonald's Corporation (NYSE: MCD), which is sporting a $1.29 gain (+1.3%) bringing the stock to $103.28. Volume for McDonald's Corporation currently sits at 2.4 million shares traded vs. an average daily trading volume of 4.9 million shares.

McDonald's Corporation has a market cap of $101.77 billion and is part of the services sector and leisure industry. Shares are up 15.6% year to date as of Thursday's close. The stock's dividend yield sits at 3%.

McDonald's Corporation franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. Its restaurants offer various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates McDonald's Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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