McDonald's (NYSE:MCD) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta offers three reasons why he's holding on to McDonald's stock despite the company's gain since he bought it early this year.

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To summarize:

  • Valuation -- reasonable and in line with my fair-value estimate
  • Balance sheet -- healthy, with a low enough debt-to-equity ratio that debt rollovers shouldn't be a problem
  • Dividend -- well-covered, growing, and offering a decent current yield

Chuck Saletta owns shares of McDonald's. The Motley Fool recommends McDonald's. The Motley Fool owns shares of McDonald's. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.