204.55 0.00 (0.00%)
After hours: 5:05PM EDT
|Bid||204.25 x 800|
|Ask||204.60 x 1400|
|Day's Range||204.01 - 205.67|
|52 Week Range||153.13 - 206.39|
|Beta (3Y Monthly)||0.33|
|PE Ratio (TTM)||27.11|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||4.64 (2.28%)|
|1y Target Est||216.92|
Credit Suisse analyst Lauren Silberman initiated coverage on nearly a dozen restaurant stocks on Tuesday with Outperform ratings on more than half, including Chipotle Mexican Grill. Silberman says Chipotle stands out with in-app delivery.
After Credit Suisse’s “outperform” rating on June 25, McDonald’s (MCD) stock rose to a 52-week high of $206.39 before closing the day at $205.71—a rise of 0.9% from the closing price of $203.92 the previous day.
Credit Suisse gave McDonald's stock a 12-month target price of $230, which implies an upside potential of 11.8% from its stock price of $205.71 on June 25.
McDonald's (NYSE: MCD ) shares hit an all-time high of $206.39 Tuesday afternoon. On Monday, the fast-food chain announced that after a year of serving fresh beef Quarter Pounders across the United States, ...
There’s a surprising acquisition coming in the gaming space and an unsurprising result in the fast-food industry.
IBD Stock Of The Day: With earnings strong and sales growth accelerating, Chipotle is near a buy point after a 70% run in 2019. McDonald's and Shake Shack are acting well.
The stock market was modestly lower early Tuesday ahead of Fed Chair Powell's comments. Homebuilder Lennar is nearing a breakout.
McDonald's hoisted the Dow Jones industrials, Lennar zeroed in on a buy point, as stocks traded largely unchanged early Tuesday.
Sustainable Impact investing is gaining traction not only with our clients, but also with the global investment community, observes John Eade, an analyst with Argus Research, a leading independent Wall Street research firm.
Shares of McDonald's (MCD) have jumped 15% this year to outpace its industry's 10.5% climb. With this in mind, let's see what's next for the historic fast-food burger powerhouse...
Gold Wakes Up, Media Wakes Up To Gold Gold (NYSEARCA:GLD) is on the move, now above $1,400 an ounce for the first time since August 2013. Mainstream media is starting to pay more attention to the metal now, but still seems to keep to the basic script that gold goes up in times of uncertainty. […]The post Market Morning: Gold Awakens, More Iran Sanctions, Bitcoin Breaks Through, McDonald's Goes Robots appeared first on Market Exclusive.
(Bloomberg Opinion) -- Carrefour SA, Europe's largest retailer, may be the latest Western company to pull back from China. It’s unlikely to be the last.On Monday, the hypermarket operator said it would sell 80% of its China business for 4.8 billion yuan ($699 million) in cash to Suning.com, the Chinese retailer backed by Alibaba Group Holding Ltd. Carrefour will retain a 20% stake. Over the past few years, the French company’s plans to shrink its China footprint has been one of the worst-kept secrets in banking. Though Carrefour sold the business pretty cheaply – with a valuation of 0.2 times 2018 sales, compared with the industry average of 0.84, according to Citigroup Inc. – loosening its ties to the mainland may be a smart move, whatever the price. With sales in the country flagging and losses piling up, the deal comes as China’s macroeconomic picture is also darkening.Yet the key challenge for Carrefour preceded the trade war. In recent years, online-only players such as Alibaba have been piling pressure on brick-and-mortar operations, with Tesco Plc, Best Buy Co. and Marks & Spencer Plc each announcing plans to pull back from the mainland market. Carrefour’s share of the country’s hypermarket segment fell to 4.6% last year from 8.2% in 2009, Citi writes.(1) That’s a problem in a country with one of the world’s biggest rates of e-commerce penetration. China's online retail sales reached 3.86 trillion yuan in the first five months of this year, accounting for more than one-fifth of the country's total purchases of consumer goods, according to a recent report by the Chinese Academy of Social Sciences. To make matters worse, foreign brands no longer have the cachet they once enjoyed – at least in low-end consumer goods. In a survey last year, Credit Suisse AG said that Chinese consumers preferred domestic purveyors in categories like food and drinks and home appliances. With the trade war whipping up nationalist fervor, that trend may accelerate: The bank's latest poll of shoppers 18 to 29 years old showed that 41% preferred phones made by Huawei Technologies Co., up from 28%, while interest for Apple Inc.’s products fell to 28% from 40%.For many firms, ceding control to a local partner is probably the best way forward. Carrefour appears to be borrowing a page from the playbook of McDonald’s Corp., which sold 80% of its China business in 2017 to a tie-up between state giant Citic Group Corp. and private equity firm Carlyle Group LP.Or consider Walmart Inc., which sold its e-commerce delivery site to JD.com Inc. in 2016 in exchange for a stake in the Chinese retailer. The U.S. firm now aims to open 40 of its Sam’s Club stores in China by 2020. Costco Wholesale Corp. is also betting on China’s appetite for bulk buying, with plans to open its first bricks-and-mortar store in August. Whether Costco can pull this off without a local partner remains unclear.What is clear is that Carrefour won’t be the last retailer to rethink its China strategy. Germany's Metro AG is also looking to sell its $1.5 billion Chinese business. At a time when Chinese acquisitions overseas have dried up, bankers at least can thank Western firms for managing to drum up some business from the mainland. (1) The bank citesEuromonitor International research.To contact the author of this story: Nisha Gopalan at firstname.lastname@example.orgTo contact the editor responsible for this story: Rachel Rosenthal at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Ali Master made his journey to the United States from Pakistan nearly 33 years ago, and he thinks ‘the American dream’ is still alive and well.
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into McDonald’s Corporation (MCD). On May 21, 2019, news sources reported the filing of 23 gender-based discrimination and sexual harassment complaints against the Company by employees, including allegations of groping, indecent exposure, sexual propositions, and lewd comments, as well as retaliatory actions taken against those who reported the behavior.
Computerized voice-activated drive-through order taking and robotic fryers could be coming soon to a McDonald's near you.
GrubHub’s stock surged on Tuesday, after analysts at Citigroup upgraded the stock based on the delivery service’s strong growth and pending partnerships. Yahoo Finance's Jen Rogers, Myles Udland and Melody Hahm discuss.
McDonald's says that since it swapped frozen for fresh beef in its quarter pounder sales are up 30% on average. Yahoo Finance's Zack Guzman & Heidi Chung, along with Payne Capital Management Senior Wealth Adviser Michelle McKinnon discuss.
Boston Market CEO Frances Allen sits down with Yahoo Finance's Adam Shapiro, Julie Hyman, and Pras Subramanian to discuss the chain's new summer menu items and the overall fast food industry.