Dow Today: McDonald's Corporation (MCD) Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 39 points (+0.3%) at 14,863 as of Thursday, Aug 29, 2013, 1:35 p.m. ET. During this time, 251 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 539.8 million. The NYSE advances/declines ratio sits at 1,871 issues advancing vs. 1,059 declining with 115 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 56-cent decline (-0.6%) bringing the stock to $94.74. Volume for McDonald's Corporation currently sits at 2.7 million shares traded vs. an average daily trading volume of 4.7 million shares.

McDonald's Corporation has a market cap of $95.28 billion and is part of the services sector and leisure industry. Shares are up 7.5% year to date as of Wednesday's close. The stock's dividend yield sits at 3.2%.

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.

TheStreet Ratings rates McDonald's Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in stock price during the past year, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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