Previous Close | 244.01 |
Open | 246.00 |
Bid | 249.12 x 1000 |
Ask | 249.19 x 1100 |
Day's Range | 245.77 - 249.33 |
52 Week Range | 217.68 - 271.15 |
Volume | |
Avg. Volume | 3,315,769 |
Market Cap | 184.14B |
Beta (5Y Monthly) | 0.57 |
PE Ratio (TTM) | 26.28 |
EPS (TTM) | 9.48 |
Earnings Date | Jul 26, 2022 - Aug 01, 2022 |
Forward Dividend & Yield | 5.52 (2.26%) |
Ex-Dividend Date | Feb 28, 2022 |
1y Target Est | 279.09 |
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Activist investor Carl Icahn has lost his campaign against McDonald’s over the fast-food chain’s treatment of pigs after failing to win backing for two board nominees who would have pushed for better welfare standards. The Wall Street financier known for agitating for management changes after acquiring stakes in companies, took up pork processing as a cause this year and asked McDonald’s to ensure that all its US suppliers ended the practice of confining pregnant pigs in small crates. The vote ends a high-profile fight between the fast-food chain and Icahn, who departed from his usual playbook of taking a stake in a company to squeeze better returns out of management to focus on animal welfare instead.
Shareholders have reelected all of McDonald's Corp's directors, the company said on Thursday, ending a boardroom battle with billionaire investor Carl Icahn who had sought to win two board seats and shine a spotlight on his campaign over animal welfare. Preliminary tallies showed shareholders backed all 12 of McDonald's directors and that Icahn's two nominees received approximately 1% of the vote, the company said. "McDonald’s shareholders value a Board of Directors with a breadth of experiences to advise the Brand on the multitude of issues that can impact the business on a daily basis," board chairman Enrique Hernandez, Jr. said in a statement.
McDonald's Corporation (NYSE: MCD) today announced that, based on a preliminary vote count provided by its proxy solicitor, shareholders have voted to re-elect all 12 of McDonald's highly qualified directors to the McDonald's Board: Enrique Hernandez, Jr., Lloyd H. Dean, Robert A. Eckert, Catherine M. Engelbert, Margaret H. Georgiadis, Chris Kempczinski, Richard H. Lenny, John J. Mulligan, Sheila A. Penrose, John W. Rogers, Jr., Paul S. Walsh and Miles D. White. The preliminary results also indi