|Bid||159.26 x 800|
|Ask||159.29 x 900|
|Day's Range||159.16 - 162.05|
|52 Week Range||146.84 - 178.70|
|PE Ratio (TTM)||25.02|
|Forward Dividend & Yield||4.04 (2.59%)|
|1y Target Est||N/A|
Yahoo Finance's Seana Smith on the biggest headlines in midday trading.
McDonald's is the latest franchise to get a taste of Coca-Cola's push to build exclusive drink menu items.
Energized by the #MeToo movement, two national advocacy groups are teaming up to lodge sexual harassment complaints against McDonald's on behalf of 10 women who have worked at the fast food restaurant in nine cities. According to their complaints, when the women reported the harassment, they were ignored or mocked, and in some cases suffered retaliation. The legal costs are being covered by the TIMES UP Legal Defense Fund, which was launched in January by the National Women's Law Center to provide attorneys for women who cannot afford to bring cases on their own.
"What we know is that McDonald's, even as it has ascended for the better part of a year and a half, was never able to make relative highs to the market," said Carter Worth, head of technical analysis at Cornerstone Macro. Shares of McDonald's have rallied nearly 32 percent in the past two years, but have recently broken below their upper trend line around the $165 level. According to Worth's analysis, while the stock has traditionally been able to recover after testing the upward resistance, its recent break lower could be signaling more bearish momentum.
On Monday, May 21, McDonald's workers from across the country stormed the new corporate headquarters in Chicago. Workers from fast-food joints from nationwide are demanding hourly salaries of $15 and union rights. McDonald's we are here to #GetPaid and get the #Union rights we deserve.
McDonald's (MCD) re-franchising strategies, robust comparable sales and increase in guest count are likely to continue boosting the company's performance.