MCD - McDonald's Corporation
| Previous Close | 181.02 |
| Open | 180.94 |
| Bid | 179.54 x 1000 |
| Ask | 179.53 x 800 |
| Day's Range | 179.14 - 181.51 |
| 52 Week Range | 146.84 - 190.88 |
| Volume | 1,974,302 |
| Avg. Volume | 3,925,638 |
| Market Cap | 138.525B |
| Beta (3Y Monthly) | 0.38 |
| PE Ratio (TTM) | 27.30 |
| EPS (TTM) | 6.58 |
| Earnings Date | Jan 30, 2019 |
| Forward Dividend & Yield | 4.64 (2.56%) |
| Ex-Dividend Date | 2018-11-30 |
| 1y Target Est | 195.50 |
Reuters Videos•7 hours agoMcDonald's loses 'Big Mac' case against Irish rival
McDonald’s Corp has lost its rights to the trademark “Big Mac” in a European Union case ruling in favor of Ireland-based fast-food chain Supermac’s, according to a decision by European regulators. Edward Baran reports.
- Yahoo Finance Video•5 days ago
This U.S. company tops Entrepreneur Magazine's Franchise 500 list
Entrepreneur Magazine is celebrating the 40th anniversary of its Franchise 500 issue. Yahoo Finance's Adam Shapiro and Julie Hyman discuss with Entrepreneur Magazine Editor-in-Chief Jason Feifer
- CNBC Videos•5 days ago
Traders mixed on Piper Jaffray's restaurant stocks list
CNBC's 'Fast Money Halftime Report' discusses Piper Jaffray's top restaurant picks, including McDonald's and Chipotle.
- CNBC•6 hours ago
Your first trade for Wednesday, January 16
The "Fast Money" traders share their first moves for the market open.
- CNBC•7 hours ago
Stocks making the biggest moves premarket: FDC, BAC, GS, BLK & more
Bank of America reported quarterly profit of 70 cents per share, 7 cent a share above estimates. Goldman Sachs GS – Goldman reported quarterly profit of $6.04 per share, well above the consensus estimate of $4.45 a share. BlackRock BLK – The asset management giant reported adjusted quarterly profit of $6.08 per share, below the consensus estimate of $6.27 a share.
- Reuters•18 hours ago
McDonald's loses 'Big Mac' trademark case to Irish chain Supermac's
The judgment, provided to Reuters by Supermac's, revoked McDonald's registration of the trademark, saying that the world's largest fast-food chain had not proven genuine use of it over the five years prior to the case being lodged in 2017.
- Reuters•19 hours ago
PRESS DIGEST- British Business - Jan 16
The following are the top stories on the business pages of British newspapers. - British PM Theresa May was under mounting pressure last night to delay Brexit after she suffered the largest Commons defeat in British political history. - Relx, the FTSE 100 media group, has acquired the St Albans-based Mack Brooks Exhibitions, an arranger of corporate jamborees.
- Reuters•20 hours ago
McDonald's loses 'Big Mac' trademark case to Irish chain Supermac's
The judgment, provided to Reuters by Supermac's, revoked McDonald's registration of the trademark, saying that the world's largest fast-food chain had not proven genuine use of it over the five years prior to the case being lodged in 2017.
- Motley Fool•yesterday
3 Top Restaurant Stocks to Watch in January
Investors should keep an eye on Shake Shack, Wingstop, and McDonald's this month.
- CNBC•yesterday
McDonald's loses EU trademark battle over the Big Mac
McDonald's has lost its trademark for its Big Mac burger in the European Union.
- CNBC•yesterday
Trump trolled for Clemson fast food dinner, but Warren Buffett and others are fans of junk food too
Donald Trump served Clemson players a buffet of McDonald's, Wendy's and Burger King at the White House. Twitter is largely aghast, but billionaires like Bill Gates and Warren Buffett also love fast food. Even Speaker of the House Nancy Pelosi indulges.
- Moody's•yesterday
Arcos Dorados Holdings Inc. -- Moody's upgrades Arcos Dorados to Ba2; stable outlook
The upgrade of Arcos Dorados' ratings to Ba2 reflects primarily the improvement in operating performance, with revenue growth (in constant currency) in all regions, margin improvement and continued investments in expansion, modernization and innovation. Accordingly, adjusted EBITDA and operating margins are at the highest level since 2013 (15.9% and 8.3%, respectively, in LTM ended September 2018), an expansion that started in 2016, despite the challenging macroeconomic environment in Arcos Dorados' main markets -- namely Brazil and Argentina - and also in Venezuela.
- InvestorPlace•yesterday
History Says That Chipotle Stock Is a Sell Above $500
Enormous volatility in shares of Mexican fast casual eatery Chipotle (NYSE:CMG) has created tremendous buying and selling opportunities in Chipotle stock over the past year. First, Chipotle stock fell to $250 in February 2018. That was an opportunity to buy. Then, CMG nearly doubled by August and eclipsed the $500 mark. That was the time to sell. It fell all the way back nearly $400 by October. That was another buying opportunity. It rallied back to nearly $500 in December. Time to sell again. Then, it dropped to below $400, which was yet another opportunity to buy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Dividend Stocks With Growth on the Horizon Now, CMG has again rallied to above $500. This big rally above $500 will end no differently than prior similar rallies. It will inevitably fade. Quite simply, the fundamentals don't support a $500 price tag for Chipotle stock just yet, while the technicals indicate that the stock is overbought in the near term and due for a pullback. In other words, this is another opportunity to sell the rally in Chipotle stock. Eventaully, CMG will rally above $500 and hold that level. But, not today. Today, this stock should ultimately fall back into the $400's relatively soon. ### Chipotle Has Healthy Drivers When it comes to the qualitative growth narrative underlying Chipotle stock, you have some good and some bad. On the good side, Chipotle's comparable sales growth trajectory is turning around and margins are finally rebounding. This is due to multiple company-specific initiatives that have reinvigorated growth. Namely, the company is aggressively expanding its presence in the digital food ordering and delivery market, which is a red hot market that is still growing by leaps and bounds. Also, Chipotle is innovating on its menu for the first time in a long time. In so doing, the company is bringing in new customers through new items like diet lifestyle bowls. Alongside these new innovations, the Chipotle brand has also finally developed a voice for itself through a unique "Get Real" marketing campaign that emphasizes the authenticity and uniqueness of Chipotle's food ingredients and preparation. All of these developments are positive for Chipotle stock. They should drive continued positive comparable sales growth and margin expansion for the foreseeable future, and keep Chipotle relevant in the crowded quick service restaurant space. ### There Are Big Risks, Too On the bad side, the crowded quick service restaurant(QSR) space is only getting more crowded. McDonald's (NYSE:MCD), long known for producing what the public perceived as "cheap" food, is stepping up its game on the health front by rolling out fresh beef patties and eliminating antibiotics from its global supply chain. Movements like these, which are happening everywhere and not just at McDonald's, somewhat erode Chipotle's moat as a unique fresh food QSR. Also, the poke and acai bowl trends remain the fad in the healthy QSR space , meaning that Chipotle's burritos continue to lose share among health-oriented consumers. Wage pressures are also picking up, with inflation and wage growth hitting multi-year highs, and that's a major headwind for margins. It's also worth mentioning that Amazon (NASDAQ:AMZN) is making a big push in the QSR and convenience store space with cashier-less convenience stores, and that is a potential long term threat for Chipotle. Overall, the Chipotle narrative has some good, and some bad. Above $500, Chipotle stock reflects just the good, and that makes the stock unnecessarily risky. ### Chipotle Stock Isn't Supported Above $500 When it comes to the fundamentals underlying CMG, they are, much like the narrative, a mixed bag. Comparable sales growth trends are improving and running in the positive mid-single-digit range. But, all of that growth is from price hikes, not traffic growth. That isn't sustainable. Eventually, price hikes will run their course. Once they do, comparable sales growth will normalize lower. They will likely settle in the low-single-digit range. LSD comps plus some unit expansion should drive ~7.5% revenue growth per year over the next several years. Margins are trending higher. This will continue because they are rebounding from a depressed base. But, restaurant level margins are up only 170 basis points year-to-date to 19.3%. I say "only" because, at their peak, RLMs were above 27%. Chipotle won't get back to those RLMs. Average unit volumes likely won't eclipse their previous peak, and even if they do, it will be because of price hikes and not traffic. If prices are going up, that usually means wages and other costs are going up, too. Thus, it's net neutral on the margin line. Going forward, Chipotle is a company characterized by sub-10% revenue growth and mild margin expansion. In combination, that should realistically drive earnings per share to $30 by 2023. A restaurant average 22 forward multiple on that implies a fiscal 2022 price target of $660. Discounted back by 10% per year, that equates to a fiscal 2019 price target of just under $500. Chipotle stock is currently above $500. Thus, the stock is already trading above a reasonable 12 month forward price target. That's an unfavorable position to be in, fundamentally speaking. Also, due to the huge rally from below $400 to above $500 in about two weeks, CMG is entering technically overbought territory ahead of earnings. The Relative Strength Index (RSI) on the stock is above 70, or in overbought territory. The stock price is also more than 10% above its 50-day moving average, a large divergence which historically implies a near term peak. ### Bottom Line on CMG Stock Long term, Chipotle stock will be just fine. But, in the near term, this stock is both fundamentally overvalued and technically overbought. That combination implies a bearish outlook for CMG over the next few weeks, and I wouldn't be surprised to see this stock fall back into the $400's relatively soon. As of this writing, Luke Lango was long AMZN. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies That Could Post Decelerating Profits * 10 A-Rated Stocks the Smart Money Is Piling Into * Mizuho: 7 Long-Term Value Stocks to Buy Now Compare Brokers The post History Says That Chipotle Stock Is a Sell Above $500 appeared first on InvestorPlace.
- GlobeNewswire•2 days ago
Paul Walsh Elected to McDonald's Board of Directors
McDonald's Corporation (MCD) announced today that Paul S. Walsh has been elected to the Company's Board of Directors, effective as of January 14, 2019. Walsh, 63, currently serves as Chairman of Compass Group PLC, a leading foodservice and support services company, a position he has held since February 2014. Walsh served as Chief Executive Officer of Diageo plc, a multinational beverage company, from 2000 to 2013, and as Chief Operating Officer in 2000.
- CNBC•2 days ago
Bernie Sanders picks a new fight over $15 minimum wage as he explores running for president in 2020
The bill will likely die in Congress even as it gives Sanders a key issue to push on the campaign trail if he runs for president in the 2020 race, as he is widely expected to.
- InvestorPlace•2 days ago
Apple’s Warning Is a Reason to Avoid Starbucks Stock
Did you hear that? That was the world's largest company, Apple (NASDAQ:AAPL), firing a warning shot about slowing growth in the world's hottest economy, China. Everyone heard the shot when it was first fired on January 2. Stocks across the board dropped. But now, less than two weeks later, everyone has seemingly forgotten about that warning shot, and stocks are in rally mode. That's fair. Stocks, by and large, are undervalued, and other risk factors are improving, such as the Fed becoming more dovish and U.S.-China trade talks progressing nicely. But, China's economy is still cooling, and that's bad news for companies with broad exposure to China, regardless of how other risk factors are playing out. One such company is retail coffee giant Starbucks (NASDAQ:SBUX). For all intents and purposes, due to dried up growth everywhere else, the Starbucks stock growth narrative is entirely centered around China. Given Apple's warning shot, that's a worrisome position to be in. Indeed, Goldman Sachs recently downgraded Starbucks stock to Neutral due to the company's broad exposure to the slowing China economy. Goldman actually warns that Starbucks could issue a warning like Apple about slowing growth in the near future. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy That Are Run By Billionaires Goldman hit the nail on the head with this downgrade. To warrant its current valuation, Starbucks stock needs everything to go right. But, because of Apple's warning, we know everything isn't going right in the most important region for the coffee giant. Thus, the current valuation seems due for compression based on weakening growth trends, and that's reason enough to stay away from Starbucks stock in the near term. ### Worrisome Exposure To China The core of the near-term bear thesis on Starbucks stock is that the company has a worrisome level of exposure to China, and that if growth in China falls apart, SBUX's long-term growth narrative will substantially weaken, causing the stock to drop meaningfully. It's not all bad news in China, though. This is still a 6%-plus growth economy. And, while Apple recently issued a big warning about slowing growth in China, Nike (NYSE:NKE) announced two weeks prior that its China business was red hot. My fear, however, is that Starbucks is on the Apple path in China, not the Nike path. Over the past several quarters, Nike's business has been heating up globally. Apple's business has been cooling. So has Starbucks' business. Thus, Nike's ability to maintain strong growth in China is more a function of outstanding operational momentum than anything else. Starbucks doesn't have that. Instead, Starbucks is more comparable to Apple in that growth is positive, but slowing from its multi-year trend. From this perspective, the present situation for Starbucks in China is most likely one defined by slowing growth. That's a big problem. Growth everywhere else is all dried up due to rising competition and saturation. Comparable sales growth in the U.S. has dropped from 5% and up a few years back, to 2% last year, with transaction volume actually down year-over-year. Europe, Middle East, and Africa comps have followed a similar trajectory, also with negative transaction volume growth last year. Thus, the SBUX growth narrative is all about China. If China falls apart, so does this growth narrative, meaning that if China numbers are weak next quarter (as they should be), then Starbucks stock will drop meaningfully. ### Valuation Has Room To Fall In relation to what is likely substantial sales pressure in China, the valuation on Starbucks stock is a tough pill to swallow. Starbucks stock trades at 24x forward earnings. That's below the stock's five-year forward multiple of 25. But, the company is also growing much less quickly today than it has over the past five years. Thus, a lower valuation is warranted. With respect to its peers, that 24 forward multiple actually seems stretched. The forward P/E multiple across the whole restaurant industry hovers right around 22. McDonald's (NYSE:MCD) trades at 22x forward earnings. Dunkin' (NYSE:DNKN) trades at 23x forward earnings. Yum (NYSE:YUM), Jack In The Box (NASDAQ:JACK), and El Pollo Loco (NASDAQ:LOCO) all trade around 18 to 23x forward earnings. Thus, relative to other mid-to-large cap restaurant names with fairly slow but stable growth, Starbucks stock still trades at a premium -- despite worrisome exposure to China. That means that if China's numbers do come in below expectations, SBUX stock could get hit by sizable valuation compression. * 10 A-Rated Stocks the Smart Money Is Piling Into ### Bottom Line on SBUX Stock Starbucks stock is a solid long-term holding given the company's staying power in a stable growth global retail coffee industry. But, at the present moment, the valuation seems overstretched with sizable operational risks on the horizon. That means the near to medium term outlook for this stock skews bearish, despite stable long term fundamentals. As of this writing, Luke Lango was long AAPL and NKE. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post Apple's Warning Is a Reason to Avoid Starbucks Stock appeared first on InvestorPlace.
- Investor's Business Daily•2 days ago
Dow Jones Futures: Five Top Stocks With New Bases, Buy Points As Market Rally Hits Key Level
Stock futures fall sharply: More top stocks are forming sound bases, including Cisco Systems, Workday, McDonald's, Xilinx and Bilibili.
Motley Fool•3 days agoWill McDonald's Raise Its Dividend in 2019?
The Golden Arches have been good to dividend investors in past years.
- Motley Fool•3 days ago
3 Dividend Stocks That Should Pay You the Rest of Your Life
Looking for dependable dividends? These three stocks have you covered.
- Benzinga•4 days ago
Benzinga's Bulls & Bears Of The Week: Delta Air, McDonald's, Netflix, Nokia, Tesla And More
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included video streaming and electric vehicle leaders. Federal Reserve Chair Jerome Powell's dovish comments that seemed to signal a weaker dollar.
- Zacks•5 days ago
McDonald's (MCD) Gains As Market Dips: What You Should Know
McDonald's (MCD) closed the most recent trading day at $182.37, moving +0.45% from the previous trading session.
- Benzinga•5 days ago
McDonald's, Restaurant Brands, Chipotle Are Morgan Stanley's Top Restaurant Picks In Challenging Year For Sector
As the economic expansion ages and macroeconomic fundamentals begin to deteriorate, one sector that is likely to find the going tough is the consumer discretionary sector. This year presents a complicated ...
- Market Realist•5 days ago
Apple and Starbucks Fell as Goldman Sachs Warned of China
Apple and Starbucks Fell as Goldman Sachs Warned of China ## Apple and Starbucks Today, the stocks of the US tech giant Apple (AAPL) and coffee store chain Starbucks (SBUX) fell. At 11:15 AM, Apple was down 0.8% while Starbucks was trading with 1.3% losses for the day. While the broader-market weakness could be a factor driving these two stocks down today, let’s take a look at another important factor. ## Goldman Sachs warned of China Goldman Sachs (GS) analyst Karen Holthouse said in a note to investors, “The recent AAPL [Apple] announcement (while potentially also product-driven) cited trade concerns/macro, and MCD [McDonald’s] acknowledged softer trends in the region at a late November event,” reported CNBC. She added that Goldman Sachs’ “macro team also expects a continued slow down in GDP, at least partially driven by consumption.” Holthouse thinks Starbucks could be the next US firm to warn investors of China’s slowdown. She downgraded her rating of Starbucks to “neutral” from “buy” and also cut the price target to $68 from $75. On January 2, Apple’s CEO Tim Cook, in a letter to investors, lowered the company’s guidance for the quarter ended December 29, citing weakness in China among other internal factors. A continued slowdown in China might affect the future growth of many other companies. Today at 11: 25, the S&P 500 Index (SPY) and NASDAQ Composite Index (QQQ) (VTI) both were trading with 0.4% losses. YUM! Brands (YUM) and McDonald’s Corporation (MCD) were down 1.7% and up 0.1%, respectively.
Yahoo Finance•5 days agoStarbucks downgraded by Goldman Sachs on China concerns
Goldman now has a neutral rating on the stock.
- Market Realist•5 days ago
Why Goldman Sachs Downgraded Starbucks Today
Why Goldman Sachs Downgraded Starbucks Today ## Goldman Sachs’s downgrade Today, Goldman Sachs downgraded Starbucks (SBUX) from a “buy” to a “neutral” due to concerns about its expansion in China, Starbucks’s second-largest market. Goldman Sachs also lowered its price target from $75 to $68. The new price target represents a potential upside of 5.9% from the stock’s January 10 closing price of $64.19. As reported by CNBC, Goldman Sachs analyst Karen Holthouse wrote in a research note, “The recent AAPL [Apple] announcement (while potentially also product-driven) cited trade concerns/macro, and MCD [McDonald’s] acknowledged softer trends in the region at a late November event. The GS macro team also expects a continued slow down in GDP, at least partially driven by consumption.” ## Other analysts’ recommendations Of the 33 analysts that follow Starbucks, 48.5% are favoring “buys,” 48.5% are favoring “holds,” and 3.0% are favoring “sells” on the stock. On average, analysts have given SBUX a price target of $68.44, which represents a potential upside of 6.6% for the stock. Since the company’s investors meeting on December 13, Morgan Stanley, Barclays, Stifel, JPMorgan Chase, BMO, Wells Fargo, and RBC have all raised their price targets on its stock. On January 10, Morgan Stanley raised its price target from $64 to $70. Barclays raised its price target from $65 to $69 on December 19. ## Stock performance The downgrade appears to have negatively affected Starbucks stock. Today, it was trading down ~2.7% in premarket trading hours. Since the beginning of 2019, it’s fallen 0.3% as of its January 10 closing price. During the same period, its peers McDonald’s (MCD) and Dunkin’ Brands (DNKN) have returned 2.2% and 9.5%, respectively. The broader comparative index, the Consumer Discretionary Select Sector SPDR ETF (XLY), which invests ~7.5% of its holdings in restaurant and travel companies, has returned 5.5% year-to-date.
