|Bid||214.77 x 1800|
|Ask||214.79 x 1000|
|Day's Range||214.57 - 216.25|
|52 Week Range||153.13 - 216.25|
|Beta (3Y Monthly)||0.33|
|PE Ratio (TTM)||28.46|
|Earnings Date||Jul 26, 2019|
|Forward Dividend & Yield||4.64 (2.17%)|
|1y Target Est||221.08|
McDonald's (MCD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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CHICAGO, July 18, 2019 /PRNewswire/ -- Today, McDonald's Board of Directors declared a quarterly cash dividend of $1.16 per share of common stock payable on September 17, 2019 to shareholders of record at the close of business on September 3, 2019. For important news and information regarding McDonald's, including the timing of future investor conferences and earnings calls, visit the Investor Relations section of the Company's Internet home page at www.investor.mcdonalds.com. McDonald's uses this website as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.
Chipotle (CMG) hit a 52-week high on Thursday, adding to the already impressive year the company has put together.
Beyond Meat (BYND) offerings have been added to the lunch and dinner menus at Canadian fast food chain Tim Hortons. The Restaurant Brands International (QSR) chain had successfully tested a fake meat breakfast sausage sandwich. Nearly 4,000 Tim Hortons restaurants throughout Canada will add two fake meat burger offerings, the Beyond Burger and BBQ Beyond Burger. "Our guests are looking...
Chipotle's (CMG) sales-building initiatives and greater digital innovation are likely to result in revenue growth in the second quarter of 2019.
The rideshare's restaurant delivery arm had previously been the exclusive provider to ferry Big Macs and french fries to hungry customers.
Noodles & Company's (NDLS) top line in second-quarter 2019 is likely to be driven by sales building initiatives like streamlining of menu and innovation and effective marketing strategy.
Cheddar's acquisition, various sales-boosting initiatives and cost-saving efforts undertaken by Darden (DRI) are expected to drive growth despite cost issues.
If the bears are right and the global economy is slowing, which stocks should investors add to their shopping lists? During Monday night's Mad Money program Jim Cramer offered up several names he said have proven track records in times of weakness. One was McDonald's Corp. , a restaurant turnaround that continues to improve itself.
A somewhat slack economic report out of China, the world's second-largest economy, stood in the way of stocks notching big gains Monday.Source: Shutterstock China said its second-quarter GDP rose "just" 6.2%, below economists' forecasts calling for 6.3% and good for the country's slowest pace of economic growth in 27 years. Chinese economists are now expecting 2019 growth of 6%, well below the original forecast of 6.5%.Here in the U.S., the Nasdaq Composite rose 0.17% while the S&P 500 added just 0.02%, and the Dow Jones Industrial Average added 0.10%. That after the major domestic benchmarks touched record highs early in Monday's session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCitigroup (NYSE:C) got second-quarter earnings season rolling today, reporting that net income rose to $4.8 billion, or $1.95 per share, from $4.5 billion, or $1.63 per share, a year earlier. Analysts expected per share earnings of $1.80. * 7 Dependable Dividend Stocks to Buy Citi is not a member of the Dow Jones Industrial Average, but the bank's positive earnings surprise could be a sign of things to come. That would be a good thing with Dow components JPMorgan Chase (NYSE:JPM) and Goldman Sachs (NYSE:GS) stepping into the earnings confessional on Tuesday. A Tasty WinnerMcDonald's (NYSE:MCD) posted a modest gain today, but that was enough to extend its year-to-date returns to around 22%, solidifying the burger joint as one of 2019's best-performing members of the Dow. In a note out Monday, Tesley Group reiterated an "outperform" rating on McDonald's while boosting its price target on the stock to $230 from $210. That implies decent upside as Monday closed just above $214.McDonald's shares "offer both offensive and defensive investment attributes for both good times and slower times, and with its menu of both premium and value-priced options," according to Tesley.Piper Jaffray and Wells Fargo also boosted price targets on McDonald's to $226 and $235, respectively. Options ActionMicrosoft (NASDAQ:MSFT), the largest U.S. company by market value, reports earnings on Thursday. It is expected to be a bellwether report given the stock's sheer heft in broad market benchmarks and technology sector funds.Microsoft remains around the vaunted $1 trillion market cap. It appears some options traders are betting on good news from Microsoft's earnings report. At one point on Monday, calls were outpacing puts in the name by a margin of more than 2-to-1, according to Schaeffer's Investment Research. Historically, shares of Microsoft move nearly 3% following the company's earnings reports. Pharma and Politics … AgainThough in modest fashion, the Dow's pharmaceuticals components - Johnson & Johnson (NYSE:JNJ), Merck (NYSE:MRK) and Pfizer (NYSE:PFE) - each closed higher today despite drug price commentary from former Vice President Joe Biden, a 2020 Democratic frontrunner.Biden "unveiled a healthcare plan on Monday estimated to cost $750 billion and paid for partly by higher tax rates for the wealthy and doubled tax rates on capital gains," according to Reuters.This is not a "Medicare For All" gambit. Rather, Biden's healthcare proposal is seen as a refresher of Obamacare, which was implemented when he was vice president. Bottom Line for Dow Jones StocksIt's earnings season, meaning it's also complaining season for U.S. companies. Expect one of the primary complaints to be about the strength of the dollar."Of the 5% of S&P 500 companies that have reported so far, more than half of them cited a strong greenback as a headwind to their business in the second quarter, according to FactSet, which parsed through companies' conference call transcripts to look for specific factors weighing on company earnings," reports CNBC.With the Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) up nearly 3% year-to-date, dollar-related earnings commentary gets us back to a familiar theme: the impetus for the Federal Reserve to lower interest rates and do so soon.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Dow Jones Today: China, Earnings Anticipation Stall Stocks on Monday appeared first on InvestorPlace.
In an industry, which is increasingly reliant on digital services, five restaurant stocks stand to report better-than-expected earnings in the second quarter of 2019.
Investing.com - Chipotle Mexican Grill reached an all-time high on Monday after Piper Jaffray upgraded its price target on the restaurant chain.
(Bloomberg Opinion) -- To outsiders, it may seem like the deepening rift between Japan and South Korea has blown up out of a clear blue sky.For all the wrangling over the legacy of Japan’s 35-year colonization of the Korean peninsula, which ended in 1945, there’s far more on paper to join than to separate them. Both are northeast Asian democracies that have close military and economic ties to the U.S.; potent exports of electronics, cars and cultural products; and a love of seafood and beef.After decades when post-war growth gave Japan the far wealthier population, its stagnation in recent decades has even put the two countries at roughly equivalent levels of gross domestic product per capita: $40,479 for South Korea versus $43,349 in Japan.For all that, though, there’s no strong web of ties binding these two nations. Disputes over restitution for Korean women forced into prostitution under Japanese occupation are now hurting South Korean sales of Fast Retailing Co. clothing. In turn, the government in Tokyo has moved to curb exports of specialty materials to Korea’s technology giants.Compare the Japan-Korea relationship to those between European countries, or the members of the North American Free Trade Association, or even stereotypically unfriendly neighbors like Argentina and Brazil, and you could be mistaken for thinking the two countries were locked in a cold war already.Just 7.5% of South Korea’s $1.07 trillion in bilateral trade is with Japan, making the European Union, the U.S. and China more important partners. The picture is even more dramatic in the other direction. Japan’s $80 billion in bilateral trade with South Korea amounts to just 5.8% of its $1.38 trillion total. That would seem to go against economic theory. The gravity model of trade predicts that commerce between two countries is largely a result of their respective outputs and the physical distance between them. Two large and adjacent economies ought to be quite closely integrated. That’s not what’s happened: Japan’s exports to Korea are far less than the gravity model would predict, and the same is true in the opposite direction.Foreign direct investment statistics paint a similar picture. The stock of South Korean assets in Japan in 2012(1) was about 1.8% of its outbound stock and a smaller sum than could be found in Canada, Vietnam, India, or Germany – not to mention the U.S., China and Hong Kong, which together account for almost half the total. Japanese investments in South Korea, similarly, come to about 2.5% of its total, well behind Brazil, Thailand, Singapore or Australia.The cold war even shows up in foreign-exchange markets. Trading between the Korean won and the Japanese yen is so slight that the Bank for International Settlements doesn’t even list turnover on the currency pair, although it does have data for the yen against the Australian, New Zealand and Canadian dollars, the Turkish lira, the South African rand and the Brazilian real.Human factors underline the chilly relationship. More Japanese migrate to the U.K., Australia and Brunei than to South Korea. While Koreans represent the largest migrant group in Japan (Softbank Group Corp. founder Masoyoshi Son is of Korean-Japanese heritage, as is Lotte Shopping Co. Chairman Shin Dong-bin and former Korean President Lee Myung-bak), they face prejudice even after generations of residency.Tokyo’s long-time governor Shintaro Ishihara was re-elected multiple times after making notorious derogatory remarks against people hailing from Japan’s former colonies in a 2000 speech. A 2011 protest by right-wing groups against Korean pop culture in the city reportedly attracted more than 2,000 demonstrators. For its part, South Korea banned Japanese cultural products outright until 1998.Ties aren’t improving much. More Japanese vacationed in South Korea in 2009 than in 2018; Japanese have fallen from about two-fifths of total visitors there a decade ago to around a fifth last year, despite a modest recovery in the past couple of years.In one sense, such links shouldn’t matter. The Golden Arches doctrine – that globalization inevitably begets peace, and no two countries with a McDonald’s have ever gone to war – has never really held true.Nonetheless, a more limited version of that view has merit. Close links in finance, migration, and culture may not prevent war, but they can at least provide a countervailing force when tensions flare – something that seems to have kept relations between Singapore and Malaysia, China and Taiwan, and even the U.S. and China far more stable than one might have predicted.The alternative of cold peace pursued by India and Pakistan offers a more fraught path, as my colleague Nisid Hajari has written. Japan and Korea, both dwarfed in their neighborhood by an increasingly confident China, ought to work harder to deepen their mutual ties. It’s better to stand together than to fall apart.(1) The last year for which figures from the UN Conference on Trade and Development are available.To contact the author of this story: David Fickling at email@example.comTo contact the editor responsible for this story: Matthew Brooker at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
A new deal between meal delivery service, Doordash, and fast-food chain McDonald's is delivering a blow to competitors like Uber Eats. Yahoo Finance's Myles Udland, Brian Cheung, and Editor-at-Large Brian Sozzi, discuss the latest.