However, Jim Cramer, co-manager of the Action Alerts PLUS portfolio, suggested that shares of McDonald's may soon find a bottom.
On CNBC's "Cramer's Mad Dash" Tuesday segment, he explained that despite the fall in global comp-sales, the company's healthy dividend yield of 3.5% will help support the stock.
He pointed out how well shares of Yum Brands (YUM) traded following a recent drop in global comp-sales, when the stock fell to $68 before rebounding and finishing the day at $72.
Younger people are moving toward healthy food and eating at places such as Chipotle Mexican Grill (CMG) . However, McDonald's has a strong balance sheet and the stock should find a bottom shortly, Cramer concluded.
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.
-- Written by Bret Kenwell in Petoskey, Mich.