Dow Today: McDonald's Corporation (MCD) Lower

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 122.0 points (-0.8%) at 15,287 as of Wednesday, May 29, 2013, 11:35 a.m. ET. During this time, 236.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 594.8 million. The NYSE advances/declines ratio sits at 406 issues advancing vs. 2,596 declining with 56 unchanged.
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Holding back the Dow today is McDonald's Corporation (NYSE: MCD), which is lagging the broader Dow index with a $2.16 decline (-2.1%) bringing the stock to $99.08. This single loss is lowering the Dow Jones Industrial Average by 16.35 points or roughly accounting for 13.4% of the Dow's overall loss. Volume for McDonald's Corporation currently sits at 4.2 million shares traded vs. an average daily trading volume of 4.8 million shares.

McDonald's Corporation has a market cap of $100.55 billion and is part of the services sector and leisure industry. Shares are up 13.7% year to date as of Tuesday's close. The stock's dividend yield sits at 3.1%.

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 18.6, 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, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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