MCD - McDonald's Corporation
| Previous Close | 212.15 |
| Open | 212.50 |
| Bid | 209.90 x 1000 |
| Ask | 209.95 x 1200 |
| Day's Range | 208.95 - 212.78 |
| 52 Week Range | 156.56 - 221.93 |
| Volume | 3,681,983 |
| Avg. Volume | 2,859,987 |
| Market Cap | 159.339B |
| Beta (3Y Monthly) | 0.33 |
| PE Ratio (TTM) | 27.56 |
| EPS (TTM) | 7.61 |
| Earnings Date | Oct 21, 2019 - Oct 25, 2019 |
| Forward Dividend & Yield | 4.64 (2.19%) |
| Ex-Dividend Date | 2019-08-30 |
| 1y Target Est | 232.29 |
- Investor's Business Daily
Shopify, Chipotle, Paycom Among 7 Big Winners That Just Triggered This Long-Term Sell Rule
While the Dow Jones nears highs, Shopify, Chipotle, Paycom, Starbucks, McDonald's, Alteryx and Universal Display triggered a long-term sell rule last week.
- American City Business Journals
McDonald's dumps We Are Unlimited as lead ad agency
The change in lead agencies is huge setback for Wendy Clark, a top DDB network executive who brought We Are Unlimited to life.
- TheStreet.com
McDonald's Will Fight Back: Here's How to Get in the Ring
McDonald's is in the face punch zone again. I am not sure why, but they seem to love killing this stock right now. However, every time it has one of these rough days it finds some bottom buyers that like to step in to play a rebound -- myself included.
- Zacks
Should You Invest in the Fidelity MSCI Consumer Discretionary Index ETF (FDIS)?
Sector ETF report for FDIS
- Investopedia
Top Consumer Discretionary Stocks for 2019
In the booming economy of 2019, consumer discretionary stocks were skyrocketing until they weren’t. Here is a brief rundown of a few of the top stocks in this sector for this year.
- Bloomberg
California Just Made Uber’s Survival Odds Even Longer
(Bloomberg Opinion) -- California’s State Assembly has just passed a bill aimed at forcing Uber, Lyft and other so-called gig-economy companies to treat their workers as employees rather than as independent contractors. Uber, for example, has long argued that its drivers weren’t actually employees, labeling them “driver-partners.” But the California Legislature didn’t buy that argument. The new law stipulates that companies can only contract out tasks that are “outside the usual course” of the company’s business, and that contractors must be “free from the control and direction” of the company. Any workers who aren’t contractors must receive benefits, like health insurance and paid time off.Some expect the new law to lay waste to the gig-economy business model. California is a huge, important market — some estimate that the change could cost Uber as much as $500 million a year. And there’s the chance that other states will follow California’s lead. Uber immediately denied that the ruling applied to it, saying that drivers weren’t part of its usual business, but the argument seems unlikely to hold up in court.But the truth is that gig-economy business models weren’t looking very healthy anyway. Although it isn’t unusual for a company to record losses before going public, Uber and Lyft’s losses were unusually large:Uber continues to be a cash-burning machine. In the second quarter of 2019, partly because of costs associated with going public in May, it had a net loss of $5.2 billion — more than 10 times the highest estimates for what the new California law could cost it. But even in a normal quarter, the company’s losses are on the order of more than a half-billion dollars, and it has never made an operating profit.These huge losses could be justified if the company were expanding rapidly, but although it continues to book more rides, its revenue is barely rising:Lyft is also losing money. Fundamentally, if these companies can’t grow their way out of losses, their business model is doomed, whether their drivers are treated as employees or not. In its IPO prospectus, Uber warned that it may never achieve profitability. New laws like California’s might allow gig-company founders a face-saving way to claim that it was regulation that killed them, not the bleak unit economics of the basic business model. But the truth is that any business that could only stay afloat by giving its workers fewer benefits than Walmart or McDonald’s probably wasn’t long for this world in any case.The importance of California’s new law could go far beyond the gig economy. It could represent the first real attempt to address the rise of contracting and outsourcing in general — what some call the fragmented workplace.The gig economy is a tiny portion of the U.S. labor market. And the number of independent contractors(1) has actually shrunk a bit in recent years. But together with so-called diversified workers, who have a variety of income sources, these contingent workers number in the tens of millions:The rise of contingent-work arrangements isn't some dramatic recent trend, and it might figure in the decline in labor’s share of national income and the failure of compensation to keep pace with productivity.California’s new law could therefore open the door to a more comprehensive attack on inequality and wage stagnation. Forcing companies to do more for contractors could be one part of a strategy to redistribute corporate income toward workers.Even more intriguing is if it marks the first step toward a comprehensive offensive against outsourcing itself. Outsourcing goes way beyond the use of freelancers or independent contractors; companies now regularly contract out many of their business functions. This can make it easier for employers to evade regulations: If one fly-by-night contractor is punished for mistreating its workers and folds, three more equally shady companies may stand ready to take its place.California’s law could signal that state legislatures are more interested in restraining not just the gig economy or the use of independent contractors, but the rise of contracting in general. If so, it may prove much more important than the relatively minor fight over Uber and Lyft drivers.(1) Disclosure: I am one of them.To contact the author of this story: Noah Smith at nsmith150@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- MarketWatch
Dow climbs 150 points on gains for Visa, American Express stocks
DOW UPDATE The Dow Jones Industrial Average is climbing Thursday morning with shares of Visa and American Express leading the way for the blue-chip average. Shares of Visa (V) and American Express (AXP) are contributing to the index's intraday rally, as the Dow (DJIA) was most recently trading 157 points (0.
- Yahoo Finance
Taco Bell launches new Toasted Cheddar Chalupa — and we tasted it
Yahoo Finance taste tested Taco Bell's new Toasted Cheddar Chalupa, launching in the U.S. and internationally Thursday.
- Zacks
The Zacks Analyst Blog Highlights: Coca-Cola, Kellogg, Alphabet and McDonald's
The Zacks Analyst Blog Highlights: Coca-Cola, Kellogg, Alphabet and McDonald's
- TipRanks
Top Analysts Say These 3 “Strong Buy” Dow Stocks are Heating Up
The Dow Jones Industrial Average is on the move thanks to an improved trade war outlook after China offered to increase purchases of U.S. agricultural products if the U.S. lessened restrictions on Huawei last week. The index, which is comprised of 30 American blue chip stocks, has climbed 3% in the last five days. This has not escaped the Street’s attention, with analysts saying that a few Dow stocks are heating up.“It seems like the tone on trade has gotten better. As long as we don’t have another tweet storm around trade, I think the market can stay in the upper end of this range,” said Art Hogan, chief market strategist at National Securities. Using the TipRanks Stock Comparison tool, we were able to see how a few of the index’s stocks measure up against each other. We just typed in up to seven tickers and the tool compared each of the stocks based on market cap, PE ratio, analyst consensus and average analyst price target. Based on the results from the comparison, we were able to find 3 Dow stocks that have garnered substantial support from Wall Street with a “Strong Buy” analyst consensus. This is based on the last three months’ worth of ratings from all other analysts. Let’s take a closer look. Visa Inc. Visa Inc. (V– Get Report) has had a tough week, with the payments processor seeing shares plummet almost 6% in the last three days. A few analysts say that the stock market's "sector rotation" as investors rotate out of big winners and into the biggest underperformers ahead of year end was to blame for this dip. That being said, some analysts are telling investors that its core strategy will pay off long-term. Even with the pullback Visa shares have gained 33% year-to-date, with the company standing to reap the benefits as the world goes cashless. According to its July 23 fiscal Q3 2019 earnings release, the company looks solid. Total payments volume, the dollar amount of purchases made with cards carrying Visa’s branding, jumped almost 9% year-over-year to reach $2.23 trillion on a constant dollar basis. To further capitalize on the cashless payments movement, the company recently partnered with MoneyGram (MGI) on a peer-to-peer (P2P) transfer option that lets customers in the U.S. send money domestically through the MGI website or app to an eligible debit card. The product, which was unveiled on September 9, starts at $1.99 and enables 24-7 transfers using Visa’s real-time push payment platform, Visa Direct.Adding to the good news, the Foreign Trade Commission (FTC) granted antitrust clearance for Visa’s acquisition of Verifi. The deal will give V access to improved dispute management technology. One top analyst points out that its substantial efforts to expand its business to business (B2B) payments arm are especially exciting, highlighting its July PayMate investment and Rambus acquisition back in June. As a result, Guggenheim analyst Jeff Cantwell reiterated his Buy rating and $199 price target on August 28. The five-star analyst sees potential for 14% upside.All in all, Wall Street agrees with Cantwell. Visa boasts a ‘Strong Buy’ analyst consensus as well as a $202 average price target, indicating 14% upside potential. McDonald's Corporation With the fast food company already gaining 18% year-to-date, some analysts believe investors should still put McDonald’s Corporation (MCD– Get Report) on their plates.While MCD is known as a burger chain, the company is making a name for itself as a tech company thanks to its significant focus on digitization. These efforts include products to speed up ordering and fulfillment such as self-ordering kiosks in many of its locations. Management noted in its July 26 Q2 earnings release that its global comparable sales growth shows the kiosks are already paying off, as customers tend to order more food or extra side items when compared to traditional ordering. With its mobile app, diners have the option to choose the time and pickup method. Not to mention the app can be synced with a user’s digital payment wallet. To further strengthen its delivery options, MCD announced its partnership with online food delivery service DoorDash in July. Most exciting though is the fast food giant’s foray into the world of artificial intelligence (AI). The company announced on September 10 that it’s set to acquire voice-based AI startup Apprente in order to improve the drive-thru experience. The startup, which will be housed under the new “McD Tech Labs” unit, will allow MCD to create voice-activated drive-thrus, speeding up the process as well as requiring less staff to operate restaurants. This is on top of its $300 million acquisition of online personalization company Dynamic Yield back in March.While some investors originally expressed concerns over MCD’s discounted pricing, SunTrust Robinson analyst Jake Bartlett believes the above factors will keep MCD on an upward trajectory. “We think the MCD buy-one-get-one for $1 promotion shows an effort to drive traffic, but also highlights the restaurant chain's focus on franchisee profitability,” he explained. As a result, he reiterated his Buy rating and $246 average price target on August 27. The five-star analyst believes shares could gain 17% over the next twelve months. With 16 Buy ratings vs 5 Holds assigned in the last three months, the word on the Street is that MCD is a ‘Strong Buy’. Its $231 average price target suggests 9% upside potential. The Walt Disney CompanyDisney (DIS\- Get Report) has attracted substantial buzz from the Street thanks to its new streaming service, Disney+, with shares already gaining 24% year-to-date. That being said, the house of mouse has seen shares dip 2% in the last three days thanks to Apple’s (AAPL) product update on September 10.Apple announced at its September 2019 Keynote that its new streaming service, Apple TV+, will start at a much lower price point than previously expected. After its November 1 launch, Apple TV+ will be available starting at $4.99 per month. This directly undercuts Disney as its own service will start at $6.99 per month, with the premium bundle running at $12.99 per month. It should be noted that Apple’s streaming service will feature less content than Disney’s. One top analyst believes that competition from Apple doesn’t change Disney’s strong long-term growth narrative. Credit Suisse’s Douglas Mitchelson conducted a survey of 40 investors in order to measure investor sentiment. The headline results were resoundingly bullish, with 58% now overweight vs 37% pre-Analyst Day in April as the Disney+ launch on November 12 is expected to be a major catalyst. That being said, in order to see significant upside Disney will need a big launch. DIS should also get a boost from its collaboration with Target (TGT) that includes the opening of 25 Disney stores within TGT locations on October 4. Investors have yet another reason to be excited as the company has an ambitious plan to give its Epcot theme park a major upgrade with new interactive elements, show space and new rides based on popular Disney films.Based on all of the above factors, Mitchelson reiterated his Buy rating and $150 price target. The 4.5-star analyst thinks shares could surge 10% over the next twelve months. 10 Buy ratings and 2 Holds assigned in the last three months add up to a ‘Strong Buy’ analyst consensus. Its average price target of $158 implies 16% upside potential. Discover Wall Street’s most loved stocks with the Top Analysts’ Stocks tool
- Zacks
McDonald's (MCD) Gains But Lags Market: What You Should Know
In the latest trading session, McDonald's (MCD) closed at $210.20, marking a +0.25% move from the previous day.
- American City Business Journals
The Funded: 2 Bay Area companies boost IPO targets, 7 others raise over $130M
Two of the Bay Area companies that are scheduled to go public this week boosted their price targets and the amount they plan to raise. Seven other raised over $130 million at midweek. Here are the details.
- American City Business Journals
Scout Sports and Entertainment launches internal unit for property consulting
With sports properties transforming into media and content companies, Scout Sports and Entertainment has landed an increasing number of property clients.
- Yahoo Finance
Why McDonald's is turning its drive-thru menu into an Amazon Alexa-like device
McDonald's efforts to digitize its drive through menu board makes sense.
- InvestorPlace
5 Dividend Stocks with Large Share Buybacks
Stocks that pay good dividends and also have significant stock buyback programs provide numerous benefits to investors. These benefits include: * Share reductions from buybacks allow the stock to increase its dividends per share. * Buybacks act as a natural buffer for the stock. * Earnings per share increases for the same amount of net income. * Buybacks act to sterilize share dilution from management and employee options. * Lower share counts over time increase the remaining shareholders' stake in the company. * Compared to dividends, buybacks are a much more tax-efficient return of capital.For these reasons, there is a clear trend in the United States stock market for companies to spend more on share buybacks. CNBC recently reported that according to a Goldman Sachs (NYSE:GS) study, U.S. share buybacks are expected to hit $1 trillion this year. Corporations are using over 104% of their free cash flow for buybacks, up from 82% last year. * 10 Stocks to Sell in Market-Cursed September I'm going to focus on five stocks that pay shareholders dividends and have large share buyback programs. Combined, these dividends and buybacks provide large total yields. And over time, these stocks are likely to be good investments.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dividend Stocks to Buy: Apple (AAPL)Source: thanat sasipatanapa / Shutterstock.com Dividend Yield: 1.4%Apple (NASDAQ:AAPL) stock has an attractive 1.4% dividend yield. But it returns even more capital to shareholders through its large share buyback program. AAPL has spent over 107% of its free cash flow on buybacks in the past year. The company has cut its shares by 32% in the last six years.Based on recent analysis, Apple stock will have an estimated 6.5% buyback yield over the next year, giving it a nearly 8% total yield.For example, AAPL recently reported that it spent $17 billion in share repurchases and $3.6 billion in dividends in its most recent quarter. The buybacks alone, if continued each quarter, represent on an annualized basis just under 7% of its market value ($68 billion dividend by $975 billion).Expect good things from Apple's stock buyback program in the years to come, including higher dividends per share and higher earnings per share. Microsoft (MSFT)Source: gguy / Shutterstock.com Dividend Yield: 1.4%Microsoft (NASDAQ:MSFT) stock yields 1.4% and has a large share buyback program. It just completed a $25 billion share repurchase program. In the past quarter alone, MSFT spent $7.7 billion on shareholders, including $4.2 billion in share buybacks.These repurchases have reduced the amount of MSFT shares outstanding by over 30% in the past 15 years. Since Microsoft stock has a $1 trillion market value, its annual spending of over $16 billion in buybacks represents a 1.6% buyback yield. Combined with the 1.4% dividend yield, MSFT sports a 3% total yield. Oracle (ORCL)Source: Jer123 / Shutterstock.com Dividend Yield: 1.7%Oracle (NYSE:ORCL) stock has a 1.7% dividend yield, but has a massive buyback program. In the past year alone, ORCL spent $36 billion on buybacks, representing 20% of its $182 billion market value.In its last eight fiscal years, ORCL has reduced its share count by over 33% using its free cash flow to repurchase shares. All eyes are going to be on ORCL's August fiscal first-quarter earnings statement to see how many shares it has bought back. Since ORCL spent over 280% of its free cash flow on buybacks, effectively drawing down its cash balance, I suspect ORCL's buyback activity may have been reduced for the August quarter. * 7 Stocks to Buy In a Flat Market Nevertheless, at the rate its buybacks occurred last fiscal year (ending in May), Oracle stock sports an annualized 20% buyback yield. Its free cash flow yield is 7.5% of its market value.ORCL will post its earnings Sept. 12, including its cash flow statement which will show the share repurchase amounts. Cisco (CSCO)Source: Sundry Photography / Shutterstock.com Dividend Yield: 2.8%Cisco (NASDAQ:CSCO) stock has an attractive 2.8% dividend yield. Cisco stock also has an attractive buyback program. This is because the company is expected to make $7.7 billion in share repurchases this year.Compared to its $206 billion market value, this gives CSCO stock a 3.7% buyback yield. Its total yield is an appealing 6.5% (2.8% dividend yield plus 3.7% buyback yield).In the past ten years, CSCO has reduced its shares outstanding by 27%, and should reach close to a 30% reduction this year. The main reason for this is that CSCO produces abundant free cash flow -- over $15 billion in this year alone.Expect that shares will continue to fall at CSCO. This has the benefit of allowing CSCO to be able to raise its dividend per share for the same amount of earnings its produces. It also increases earnings per share. Lastly the share buybacks act as a continuing source of demand for the stock, will help push the stock higher over time. McDonald's (MCD)Source: 8th.creator / Shutterstock.com Dividend Yield: 2.2%McDonald's (NYSE:MCD) stock enjoys a 2.2% dividend yield, but also engages in large share buyback activity. MCD reported that it expects to complete its three-year $25 billion share buyback program by the end of this year.This represents an average of $8.3 billion in share buybacks per year. Since MCD stock has a $158 billion market value, the average buyback yield is 5.3% of its stock market value.Combined with the 2.2% dividend yield, the buyback yield gives MCD an estimated 7.5% total yield. This means that over 7% of MCD's stock value is returned to shareholders on average each year through either dividends or buybacks.On Aug. 30 Mark Hake launched the Total Yield Value Guide, which focuses on high-total-yield value stocks. Subscribers during September receive a 20% discount and a two-week free trial. As of this writing, Mark Hake, CFA does not hold a position in any of the aforementioned securities. Mark Hake runs the Total Yield Value Guide which you can review here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 5 Dividend Stocks with Large Share Buybacks appeared first on InvestorPlace.
- Zacks
McDonald's Apprente Buyout to Boost Technology Offerings
McDonald's (MCD) announces the acquisition of Apprente, a voice-based conversational system startup.
- Zacks
AI Reshaping Food Processing Industry: 4 Stocks in Focus
Food and beverage companies are increasingly using AI to enhance productivity and efficiency.
- Investopedia
Wendy's Fires Shot in the Fast Food Breakfast Wars
Wendy's sold off after announcing an expensive 2020 breakfast initiative and could post a long-term top.
- InvestorPlace
Is Overstock a Buy Below $10?
After almost 20 years as CEO of Overstock (NASDAQ:OSTK), Patrick Byrne resigned from the company and board August 22. The highly controversial leader's resignation caused OSTK stock to briefly jump by more than 15%. However, shares dropped to $15 by the beginning of September.Source: Shutterstock As I write this, Overstock stock has recovered most of those losses trading around $20. Still, it's well below its January 2018 all-time high of $89.80.My InvestorPlace colleague, Dana Blankenhorn, recently highlighted logistics consultant Brittain Ladd's belief that Byrne should have been fired years ago. It's hard to argue with that sentiment. Byrne was not the man or woman you would want running the local McDonald's (NYSE:MCD), let alone a company with more than 2,000 employees and revenues of more than $1.8 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPerhaps it was Byrne's family's relationship with Warren Buffett that kept the board at bay all these years. Or maybe it was Byrne's significant ownership stake in the company. Whatever the case, Byrne is gone from the company. Currently, Jonathan E. Johnson III, the head of its Medici Ventures blockchain subsidiary, is running Overstock on an interim basis. * 10 Stocks to Sell in Market-Cursed September Anybody but Byrne would be a better CEO at this point. As my colleague stated about OSTK in August, it's hard to see any future for the company. Or for that matter, Overstock stock.That said, I'm sure some would choose to speculate on OSTK stock.Is $15 the buy zone? Or should you wait for single digits? It Isn't Worth $15In March, I suggested that speculative investors might be interested in buying OSTK stock below $15. That's because Byrne might sell its hugely unprofitable retail business to focus on its blockchain investments.Of course, we know that never happened under Byrne's watch. But as recently as the end of June, the former CEO is on record suggesting offers were possible."Two very attractive acquirers that I would have put high up on my list have shown up," Byrne said June 25 at the Fortune Brainstorm Finance conference in Montauk, New York. "People have seen that our earnings have turned."How much could Overstock get for a business that saw revenues decrease by 23% in the second quarter while reducing its loss by 62%, from $64.9 million in the second-quarter 2018 to $28.2 million this past quarter?Wayfair's (NYSE:W) gross profit margin in Q2 was 23.9%. It trades at 1.4-times sales. In the latest quarter, Overstock's retail business had a retail gross margin of 19.7%. OSTK trades at 0.4-times sales.Let's assume that its retail business could go for halfway between Wayfair's multiple and its own. That would mean a multiple of 0.9 or $1.47 billion based on trailing 12-month revenue of $1.63 billion.This assumes that the company could find someone to buy its retail operations. Secondly, GARP Research analyst Bill Baker stated in February that he thought Overstock could fetch $100 million for its retail business, a far cry from $1.5 billion. OSTK Stock Below $10 Might Be A BuyLet's assume Overstock could get $100 million for its retail business. At a current market capitalization of $721 million, this suggests the blockchain businesses are worth $621 million or $17.64 a share.Medici and tZero generated tremendous losses in the second quarter from just $6.2 million in revenue. This means that the blockchain assets would have to be worth significantly more than what the balance sheet says they are or as a multiple of sales or earnings.Frankly, I don't think there's a hope in Hades that its blockchain assets are worth anywhere near $18 a share.However, below $10, a speculator might bet on those assets adding up to more than $350 million on a combined basis.With or without Patrick Byrne, I wouldn't go near OSTK stock unless "risk" is your middle name.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Is Overstock a Buy Below $10? appeared first on InvestorPlace.
- Market Realist
Restaurant Stocks Dip, Fight for Morning Traffic Heats Up
Restaurant stocks closed lower on Tuesday as the fight to win the morning traffic intensified. Wendy’s will expand its breakfast menu nationwide in 2020.
- Yahoo Finance
McDonald's enters the chicken sandwich wars — and it's no Popeyes
McDonald's is launching two new items on Wednesday, and Yahoo Finance put them to a taste test ahead of the release.
- American City Business Journals
McDonald’s launches tech lab in Silicon Valley after buying drive-thru tech startup
McDonald’s is launching a new technology lab in Silicon Valley, which will be led in part by members of a voice-based startup the company acquired Tuesday.
- Zacks
Wendy's Shares Fall for a Second Straight Day After Announcing Breakfast Launch
Shares of Wendy's (WEN) were down as much as 11% in intraday trading today, and closed down over 2% on Monday after the company announced they are ramping up spending on their breakfast line for a nationwide release sometime in 2020.
