|Bid||161.16 x 1000|
|Ask||161.38 x 1100|
|Day's Range||160.24 - 161.90|
|52 Week Range||146.84 - 178.70|
|PE Ratio (TTM)||23.64|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||4.04 (2.54%)|
|1y Target Est||183.35|
McDonald's is getting a facelift. They are spending $6 Billion to renovate many of their locations. The renovations will include new furniture, refreshed exteriors and perks for mobile app users. The goal is to modernize the fast-food chain.
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Tuesday.
Investing.com - The Dow closed sharply higher on Friday as traders cheered reports that plans were afoot for a meeting between President Trump and Chinese counterpart Xi that could pave the way for an end to the trade war.
The Centers for Disease Control and Prevention says a romaine lettuce and carrot mix that was sold at McDonald's Corp. (mcd) tested positive for cyclospora, which has resulted in 476 illness cases across 15 states. Cyclospora is an intestinal illness caused by a parasite. The salads came from a Fresh Express processor in Streamwood, Ill. Fresh Express, which was alerted to the results on July 27, says the carrot mix went to McDonald's and the romaine-only item was distributed elsewhere.
This McDonald's in London got a glamorous "mc-makeover" with the help of @MarkVandelli. @Richardvines explains the story behind #tictocnews (Source: Bloomberg)
Close to $80 million will be invested in McDonald's restaurants in Kansas in 2018 and 2019. McDonald's USA says it's investing about $6 billion to modernize most U.S. restaurants by 2020. A total of $78 million from that pool has been or will be devoted to restaurants in Kansas.
After Morgan Stanley’s upgrade on August 15, Chipotle Mexican Grill’s (CMG) stock price rose 6.6% to close the day at $525.89. Since the beginning of 2018, Chipotle’s stock has returned 82%. The strong performance in the first and second quarter of 2018 and the appointment of Brian Niccol as the company’s CEO in March have led to a rise in the company’s stock price.
On August 15, Morgan Stanley upgraded Chipotle Mexican Grill (CMG) from “equal weight” to “overweight” and also increased its price target to $600 from an earlier price target of $413. The new price target represents a return potential of 14.1% from Wednesday’s closing price of $525.89.
Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media.
Brazilian meatpacker Marfrig Global Foods SA expects to close the sale of its U.S. chicken processing unit, Keystone Foods, in the next few weeks, executives told journalists on Wednesday. Chief Financial Officer Eduardo Miron said the company is discussing the transaction in the United States this week. Chairman and major shareholder Marcos Molina said the Keystone sale is the company's "number one priority." Proceeds will be used to reduce Marfrig's debt, Molina added.
NEW YORK, NY / ACCESSWIRE / August 15, 2018 / Both McDonald’s and Macy’s saw gains on Tuesday. Macy’s shares headed to a new 52-week high as Wall Street prepared for the company’s financial results. McDonald’s revealed it is spending $6 billion on remodeling its restaurants across the nation to be more modernized.
A union-backed group trying to win better pay for fast food workers urged two of President Donald Trump’s appointees to the National Labor Relations Board to bow out of a dispute over whether McDonald’s franchise workers were fired for supporting the “Fight for $15” movement. The call by activists aligned with the Service Employees International Union for board chairman John Ring and fellow Republican panelist William Emanuel to recuse themselves comes as McDonald’s is asking the five-member panel to approve a settlement of the workers’ retaliation claims that was earlier rejected by an administrative law judge.
Despite the seeming ubiquity of McDonald's Golden Arches and the Starbucks mermaid, the sandwich chain Subway actually has the most locations of any restaurant worldwide, about 43,000 in 2017. This number, however, belies the economic reality: while McDonald's and Starbucks continue to grow their profits, Subway's have been slipping since 2014. Industry analysts point to a few reasons for this, including a lack of innovation and fraught relationships with franchise owners.
The organization is modernizing New Mexico's McDonald's restaurants with new technology features and additional customer service.
Google stock Alphabet set up a new buy point. Tech, retail, health care and banking stocks gave the major indexes nice gains in afternoon trading. Chinese ADRs fell.
The fast-food company plans to modernize about 80 percent of its Kentucky restaurants in the next two years.
McDonald’s (NYSE:MCD) is testing out a new menu item at select stores. This new menu item is a McGriddles French Toast Breakfast Sandwich. The sandwich is currently going through atrial run at 200 locations in Minnesota.
McDonald's and its franchisees plan to invest $168 million in Tennessee stores as part of a $6 billion, nationwide initiative to offer new technology and a "more fun, modern experience." To see inside some already updated restaurants, click the slideshow above. In Tennessee, McDonald's USA LLC will modernize 240 locations throughout the next two years, with a focus on transforming the customer experience inside and outside the restaurant. "Clearly, we've gotten a little more sophisticated in our menu development," McDonald's CEO Steve Easterbrook told them in a phone interview.
Of the 32 analysts that follow Chipotle Mexican Grill (CMG), 28.1% favor a “buy,” 62.5% favor a “hold,” and 9.4% recommend a “sell.” On July 31, Jefferies raised its rating to “buy” from “hold.”