Jim Cramer on Arcos Dorados: "You just own McDonald's"

Arcos Dorados Holdings Inc. (NYSE:ARCO) is one of the stocks Jim Cramer spoke about recently. During the lightning round, a caller asked if the stock is a buy, and Cramer replied:

“No, no, I mean you just own McDonald’s. That’s my key, that’s my, I happen to like McDonald’s by the way, the stock and the burger.”

Arcos Dorados Holdings Inc. (NYSE:ARCO) is the exclusive franchisee of McDonald’s restaurants across 20 Latin American and Caribbean countries and territories. Over the last 12 months, the company’s stock has been down around 17% while MCD stock has been up more than 2% over the same period.

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