|Bid||89.24 x 0|
|Ask||89.33 x 0|
|Day's Range||87.86 - 89.50|
|52 Week Range||68.34 - 105.93|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||36.28|
|Earnings Date||Feb 10, 2020 - Feb 14, 2020|
|Forward Dividend & Yield||2.62 (3.03%)|
|1y Target Est||82.07|
Quite the week for McDonald's, headlined by a new CEO taking the helm. Here's why one investor is sticking with the stock.
McDonald's Corp. will pay departing Chief Executive Stephen Easterbrook 26 weeks severance, according to an SEC filing on Monday. Easterbrook made $15.9 million in 2018, including a salary of $1.3 million salary and the rest in stock and option awards and bonuses. McDonald's has set an annual base salary of $1.25 million for Easterbrook's successor, Chris Kempczinski. Easterbrook is eligible for a pro-rated 2019 target incentive plan payment on or about March 1, 2020, but no later than March 15, 2020. And Easterbrook will sign a non-compete agreement effective for two years in which he will not be able to work for a competing company, including Restaurant Brands International Inc.'s Burger King chain, Chick-fil-A, Chipotle Mexican Grill Inc. or Domino's Pizza Inc. . Joe Erlinger, the new president of McDonald's USA, will be paid a base salary of $775,000. McDonald's stock is down 2.5% in Monday trading, but up 7% for the past year. The Dow Jones Industrial Average is up 8.7% for the last 12 months.
The infamous Popeyes chicken sandwich finally returned to stores Sunday. Yahoo Finance went to two New York City Popeyes locations Sunday to observe customer reaction to the sandwich’s homecoming.
McDonald's CEO Steve Easterbrook has been ousted after an inappropriate relationship with an employee. Here's what we know about the new guy atop the Golden Arches.
Dunkin Brands Group Inc. and Starbucks Corp. are racing to make the fastest coffee in the market. Dunkin’ (DNKN) chief Executive David Hoffmann talked up the 40% third-quarter sales growth in its espresso drinks, with the new Signature Latte line leading the way. “And most importantly, we’ve maintained our operational speed while growing the espresso category,” Hoffmann said, according to a FactSet transcript of the earnings call, citing the number one spot Dunkin’ occupies on QSR Magazine’s 2019 Drive-Thru Performance Study.
Popeyes, which got a boost from the two-week long chicken sandwich frenzy in August, is reintroducing the sandwich in a few days.
Now, the Mac Daddy (or Big Mac) of fast-food restaurants will be next on the stretch of Union Cross Road just north of Interstate 40 in Kernersville. McDonald's has purchased a 1.5 acre lot at the southern end of Smith Crossing, an 84-acre mixed-use development near the northeast quadrant of the Union Cross/I-40 interchange. Based on excise tax recorded in Forsyth County records, McDonald's paid $1.05 million for the property.
The S&P 500 rose to a record high after President Donald Trump touted progress for a near-term partial trade agreement with China. Stronger-than-expected earnings results also helped boost risk assets.
Beyond Meat reported its first profit as a public company and beat on both the top and bottom lines during its third quarter. The company also raised its guidance for the full-year.
Beyond Meat Inc. is scheduled to report third-quarter earnings on Monday after the closing bell, and analysts will be looking for a discussion of how the plant-based meat powerhouse will keep the company growing.
A man was stabbed to death after getting into a fight with another customer at a Popeyes fast food outlet in Maryland. CBSN's Anne-Marie Green has more.
Restaurant Brands reported third-quarter earnings and revenue that came in line with Wall Street estimates. Yahoo Finance's Heidi Chung joined On The Move to discuss.