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Will McDonald’s (MCD) Stock Be Helped by Partial Sale of Japanese Stake?

NEW YORK (TheStreet) -- McDonald's (MCD - Get Report) stock is up by 0.63% to $117.40 in midday trading on Monday, as the company is considering selling part of its stake in its Japanese arm.

An executive recently traveled to Japan to talk with about five potential buyers, including trading houses and investment funds, Nikkei reports. The fast food company, which owns half of McDonald's Holdings Co. in Japan, is proposing the sale of 15% to 33% of outstanding shares, the Japanese newspaper added.

The company's Japanese operations have been struggling after recent scandals and are forecast to have a full-year loss of 38 billion yen, Nikkei noted. Sales have suffered after incidents involving expired chicken last year and food contamination from foreign objects, including a tooth, in January, Reuters reports.

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McDonald's has asked potential buyers to respond by mid-January, according to Nikkei.

Separately, recently, TheStreet Ratings objectively rated this...