Why Jim Cramer Preaches Patience on McDonald's (MCD) Earnings

NEW YORK (TheStreet) -- TheStreet's Jim Cramer acknowledges that McDonald's  (MCD) did not meet estimates in its first-quarter earnings report, but investors do not care.

Cramer notes the stock yields 3.25%, which makes it a bond market equivalent stock. He also likes the trend during the quarter and would not be surprised if U.S. sales turn around in the second half of 2014, which should be enough for patient investors.

Cramer also points out McDonald's missed the quarter when it was at $96, fell to $94 and then made a straight shot up to $100. He says people like value and they like McDonald's for that reason.

Must Watch: Jim Cramer Says Be Patient on McDonald's Earnings

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Separately, TheStreet Ratings team rates MCDONALD'S CORP as a "buy" with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate MCDONALD'S CORP (MCD) 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, good cash flow from operations, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

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