Jim Cramer Believes McDonald’s Can Tell “If the People Decided That Tastes Have Changed”

McDonald’s Corporation (NYSE:MCD) is one of the stocks Jim Cramer had in this week’s game plan. Cramer said that the company is the “single best judge” of the consumer. He commented:

“Now, onto something more interesting. McDonald’s reports on Wednesday, and I think they are the single best judge, maybe in the world, of the true state of the consumer who is strapped, who is worried, alongside by the way, restaurant brand Burger King… We keep hearing about this cash-strapped consumer not willing to eat out and wants to stay at home, wants to preserve capital, but only McDonald’s and Burger King can really tell us if that’s true or if the people decided that tastes have changed.”

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McDonald’s Corporation (NYSE:MCD) owns, operates, and franchises restaurants that serve food and beverages, including burgers, chicken, fries, and drinks. During the September 19 episode, a caller had a query about the company’s dividend and Cramer replied:

“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.”

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