Jim Cramer on McDonald's: "It's Been an Amazing Company"

McDonald’s Corporation (NYSE:MCD) is one of the stocks Jim Cramer offered insights on. A caller asked how the dividend amount is determined for the stock, and Cramer remarked:

“Well, look, they pay a dividend, it’s $1.77. They make, they have huge cash flow. They have no problem paying it. It’s a fantastic dividend. It’s been an amazing company. It does sell at market multiple 25 times earnings. I have to tell you, if you own McDonald’s here, you bought McDonald’s here at 302, I think a year from now, you’re going to make a lot of money, and Chris Kempczinski is such a good manager. I think McDonald’s is a buy, and by the way, I have to admit, as a treat, I still go, had it last week. Can’t beat it.”

McDonald’s Corporation (NYSE:MCD) operates and franchises restaurants worldwide under the McDonald’s brand. The company provides burgers, chicken sandwiches, fries, beverages, desserts, and breakfast items.

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