Cramer on McDonald's (MCD): Buy More If Yield Hits 4%
More News related to MCD
- Highlights From HNZ's Q2 Conference Call: Continued Growth Overseas; Guides Higher for FY10
- Wedbush Removes McDonald's (MCD) from 'Best Ideas' List; Reiterates Outperform
- McDonald's(R) Helps Kick off Holiday Shopping With a Free Cup of McCafe Premium Roast Coffee
- Mandel's Lone Pine Capital Picks Up More of a Major Bank, Gets New Shares of a Smartphone Maker and Lowers Stakes in the Credit Card Processors
- McDonald's (MCD) to Open 1,000 New Stores, Re-Image 2,300 Restaurants Next Year -Skinner
More News related to Analyst Comments
- Canaccord Adams Maintains a 'Buy' on Protalix BioTherapeutics (PLX); Cerezyme Supply on Track, See More Uplyso EAP Uptake
- Bove Says US Banking System, Dollar to Benefit from Dubai Crisis
- Broadpoint.AmTech Says Solar Inventory Getting Healthier into Year-end
- UBS Maintains a Neutral rating on American Eagle Outfitters (AEO); Lowers Estimates Through 2011
- Barclays Reiterates an 'Overweight' on Deere (DE); Adjusts Estimates & PT
Shares of McDonald's (NYSE: MCD) are moving higher this morning following a positive mention on Jim Cramer's Mad Money last night. The stock is currently up 0.9% to $58.02.
Taking a caller during his Lightning Round segment, Cramer told viewers that he likes McDonald's and its $0.55 quarterly dividend which is now yielding above 3.5%. Cramer said that if the yield gets to 4% -- meaning the stock price would have fallen -- he would recommending buying more shares. To get to this very nice yield, as I'm sure Cramer would say, shares of McDonald's would need to fall to $55. Cue the beeping sound of a truck backing up and a hearty "Come on back!" from Jim.
To see all of Cramer's market-moving calls, visit our Jim Cramer entity page.
Related Categories
Analyst CommentsTrader Talk
Stocks Mentioned
-0.85Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
