McDonald's Corporation (MCD): Analysts Are Focused On The Wrong Things, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Blasted China’s Hostility Towards The US. McDonald’s Corporation (NYSE:MCD) is one of the stocks Jim Cramer recently discussed.

Fast food giant McDonald’s Corporation (NYSE:MCD)’s shares are up by 4.30% year-to-date as they gained 3% after the firm’s second quarter earnings report saw its global same-store sales grow by 3.8% annually to significantly top analyst estimates of 2.4%. Cramer has previously criticized analysts who have downgraded McDonald’s Corporation (NYSE:MCD’s stock, and he kept at it this time around as well:

“[On how it had it best comps in years] Well then what do we do about the four analysts who downgraded it right after they made the chicken wrap?. . .Well all I can tell you is if they’re cautious in near term, how about the interim, what happens if it’s horrible. . . I’ll pay up 15.

“That’s the last time anyone ever makes downgrade. There’s a guy that went from Buy to Sell, that was Redburn, Rothschild, who else was in there with that, Atlantic? They went from Buy to Sell. They’re talking about how you know what the chicken wrap was bad. I mean like what are they, did you guys, you guys are all members right?. . .this affinity program is the best I’ve ever seen. The amount of people they’ve taken in is just extraordinary. But the analysts are focused on whether the wrap tastes good or not.”

Here are his earlier thoughts about McDonald’s Corporation (NYSE:MCD):

“Finally, consider McDonald’s. Now, here’s another company that many managers seem to think has lost its way, with the stock going from a… positive performer to a real dog of late. This morning, Goldman Sachs upgraded the stock from Hold to Buy. What caught my eye here? I’ve been waiting for someone who didn’t care for the stock to go positive. In other words, that person’s been right, and that’s what we got when analyst Christine Chow went positive.

Why? Well, for the same reason why you always have to buy the stock of McDonald’s when it goes out of favor. Mickey D’s has, and I quote, ‘the excellent report, the scale, marketing, digital advantage to successfully navigate through this environment.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.