187.41 0.00 (0.00%)
After hours: 4:58PM EDT
|Bid||187.02 x 800|
|Ask||187.55 x 1800|
|Day's Range||185.60 - 187.84|
|52 Week Range||124.23 - 221.93|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||24.53|
|Earnings Date||Jul 24, 2020 - Jul 28, 2020|
|Forward Dividend & Yield||5.00 (2.68%)|
|Ex-Dividend Date||May 29, 2020|
|1y Target Est||202.61|
Eighty-six crew members in one of American Seafoods' fish processing vessels have tested positive for COVID-19, the fishing company said on Sunday. The crew of the American Dynasty trawler were tested for the respiratory disease caused by the coronavirus in the port at Bellingham, Washington state before departing to Seattle. American Dynasty has a carrying capacity of 142 crew.
McDonald's (MCD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Caisse de dépôt et placement du Québec, known as CDPQ, more than doubled its stake in Citigroup and bought more CVS stock in the first quarter. It also sold GE and McDonald’s stock.
(Bloomberg) -- U.S. President Donald Trump unleashed fury at Twitter Inc. this week for fact-checking him and putting a warning label on a message that seemed to invoke violence. But that anger has been channeled through his favorite medium -- Twitter itself -- which is likely to be good for the company’s business, despite Trump’s harangue.“Look at how much he uses Twitter,” said Rich Greenfield, an analyst at Lightshed Partners. “Advertisers want to be where eyeballs are, and people are turning to Twitter for this news.”For years the San Francisco-based company has been under pressure to enforce its content rules against Trump. This week, for the first time, the social network took action in two separate instances. First, it appended a fact-check label to two Trump posts that said mail-in voting would lead to fraud. Then, on Friday, Twitter added a warning filter to other tweets for violating its rules against promoting violence. The actions prompted retaliation from Trump, including more angry tweets and an executive order calling for social media regulations to change.Attention is Twitter’s most valuable asset. Though the company may be facing serious questions about its approach to troublesome content, its revenue comes from the ads it can slot between users’ posts -- the more posts, the more slots Twitter can make money from. During busier news cycles, such as elections and sports events, and even the coronavirus pandemic, new users tend to sign up and spend more time on their feeds. Trump has made Twitter more essential, since much of what the president says shows up on Twitter first.Chief Executive Officer Jack Dorsey’s job was threatened earlier this year -- not by Trump, but by Elliott Management, an activist investor that called for changes including boosting usage of the product, which is a fraction of Facebook’s size. The company in March reached an agreement with Elliott that set ambitious targets for daily active users, accelerated revenue growth and greater market share in digital advertising. Those goals seemed even tougher in late March, when Twitter slashed its quarterly sales forecast and warned of a loss because marketers were spending less during the economic slowdown caused by the Covid-19 outbreak.The summer Olympics and professional sports leagues may not be giving users a reason to tune in to Twitter right now, but Trump’s tussle with the company is its own kind of must-watch contest.“My guess is that the controversy spurs engagement, or at least doesn’t reduce engagement,” said Mark Mahaney, an analyst at RBC Capital Markets.What’s more, advertisers may appreciate Twitter taking a stronger position on misinformation and harmful content, even if the violator is the president. Advertisers don’t want their content to run alongside anything that could hurt the perception of their products -- a value known as “brand safety.”“Advertisers care about brand safety and truth, and from what I’ve seen, most brands support the actions that Twitter is taking,” said Pete Stein, CEO of Huge, an agency that represents brands including McDonald’s Corp. and Vanguard.That’s also set up a clearer contrast between the company and its social-media peers, most of which have been under fire for lax enforcement against offensive or inappropriate content. Twitter is the first to take action on Trump’s posts. On Facebook Inc.’s main app and Instagram, where Trump made the same posts, the messages remain online with no additional context from the company. Facebook has similar content policies, but CEO Mark Zuckerberg has decided his company should be especially hesitant to weigh in or take action on posts from political leaders.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Popeyes chicken sales made a massive comeback and surged in May, according to a new SEC filing.
McDonald's (NYSE: MCD) was one of the business surprises of the COVID-19 pandemic, and not necessarily in a good way. Longbow analyst Alton Stump said things weren't much better in April with same-store sales down 15%, but over the first three weeks of May they've improved to negative 5%, and he thinks the fast-food giant will rebound more quickly than its rivals. McDonald's will benefit, because it's centered around the drive-thru window, which generates about 70% of its business.
As the rest of the restaurant industry reels from the impact of COVID-19, pizza chains are coming out on top.
Two iconic brands go head-to-head. Learn which is positioned for success after the COVID-19 pandemic.
McDonald's (MCD) focuses on drive-thru, delivery & take-away amid the coronavirus pandemic to drive sales.
These companies provide reliable dividend income for your retirement account even during tough economic times.
KFC is jumping into the chicken sandwich wars with a new chicken sandwich test.
In this article we will check out the progression of hedge fund sentiment towards McDonald's Corporation (NYSE:MCD) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 […]
Wendy’s, McDonald’s and other quick-service restaurants are weathering the coronavirus pandemic better than many chains because they already conduct a large amount of sales for takeaway or drive thru, according to J.P. Morgan analyst John Ivankoe. They might have already appreciated too much for new investors now, however.
Merck is going after COVID-19 from multiple angles, and McDonald's should benefit from rising restaurant visits.
As businesses in the U.S. start to reopen, some McDonalds workers are worried the fast-food chain isn’t doing enough to protect them and their families. Their lawyers have filed a class-action lawsuit alleging the burger giant is a “public nuisance.” It’s a strategy that’s been used in the past to try and shutter topless bars. The lawsuit isn’t seeking money, but wants to force McDonalds to supply adequate safety gear, such as face masks, as workers return to work. The employees claim that McDonald’s created unsafe workplace, posing a threat to community health. Workplace safety is typically under the jurisdiction of the federal Occupational Safety and Health Administration – or OSHA. But by focusing the lawsuit on the threat to the public, the employees are hoping to take their case outside of OSHA and into the courts. This comes as McDonald’s workers around the country have protested, demanding they be given safety gear at work. In Chicago, workers filed at least four complaints with OSHA, but - according to the lawsuit - the agency declined to inspect work sites. OSHA did not immediately respond to a request for comment.
McDonald's (NYSE: MCD) and Coca-Cola (NYSE: KO) are two of the most iconic brands in America. Over the past decade, McDonald's and Coca-Cola generated total returns of about 265% and 140%, respectively, making them sound long-term investments. McDonald's and Coca-Cola are evolving to attract new consumers.
Kentucky Fried Chicken on Tuesday will begin testing an overhauled sandwich featuring a bigger chicken filet and other modifications that could reignite last year's Great Chicken Sandwich Wars with rivals Popeyes and Chick-fil-A. Brands Inc, will sell the new version of its chicken sandwich for 26 days - or until supplies run out - at 15 locations in and around Orlando, Florida for $3.99. The larger chicken filet will come on a brioche bun with thick pickle slices and mayonnaise.
On May 21, 2020, McDonald's Board of Directors declared a quarterly cash dividend of $1.25 per share of common stock payable on June 15, 2020 to shareholders of record at the close of business on June 1, 2020.
When looking at restaurant stocks, one could hardly find two more formidable fast-food empires than McDonald's (NYSE: MCD) and Yum! Brands (NYSE: YUM). With almost 39,000 locations and over 50,000 locations, respectively, these mature businesses have moved beyond their high-growth phase.
It has been a difficult year for restaurant stocks to say the least. Thanks to the novel coronavirus, the sector has been absolutely walloped. Even with the market generally recovering strongly, most of the restaurant names remain down in the dumps. Dunkin' Brands (NASDAQ:DNKN) stock, however, is one exception.Source: JStone / Shutterstock.com Shares fell from $75 to $38 during the crash, but are back up to $65 now. And with good reason: Dunkin' should get back to its old highs as investors realize it is one of the best-positioned restaurants in this new economic environment. Why would that be? First, let me tell you a story.Because my youngest son was born in New York and spent the first eight years of his life there, he "grew up" with Dunkin' Donuts. Soon, he became one of the restaurant chain's biggest fans. Almost every weekend, we'd drive to the local Dunkin' shop to pick up a dozen doughnuts, along with a box of doughnut holes.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut then we moved to California and left the East Coast Dunkin' behind. My son never really got over it. Every time I traveled to the East Coast for business, he'd ask me to bring back a doughnut or two, if I could. And if I couldn't, he'd ask me to at least take a photo of a Dunkin' Donuts shop and send it to him. * 7 Dow Jones Stocks to Buy With Fortress-Like Balance Sheets That's a powerful example of "brand value," and that's one of the traits that will enable Dunkin' Brands to thrive in the post-Covid-19 world. And that tradition will continue well into the next generation and beyond. Plenty of Room for Brand GrowthWhile many East Coasters, like my son, are huge fans of Dunkin' Donuts, much of the country isn't so familiar with Dunkin' yet. The company launched its initial public offering in 2011 in part to raise funds and enhance its public stature as part of a big expansion push across the United States. That is well under way now, as the company has found new franchisees outside of its core East Coast market.There's also a large overseas opportunity for Dunkin' Donuts. International revenues account for just 17% of the company's total sales at this point. However, this could grow a ton. As of year-end 2019, Dunkin' Donuts had more than 13,000 locations. Nearly 10,000 of those are in the United States, and the other 3,500 are international. Three thousand five hundred is an impressive number and shows the potential for the company to become a coffee and fast-food leader around the world, following in the footsteps of McDonald's (NYSE:MCD) and Starbucks (NASDAQ:SBUX). Dunkin' Is a Natural Social-Distancing WinnerThe Canton, Massachusetts-based company's other main winning trait is a business model that relies heavily on "takeaway" purchases and mobile deliveries.Takeout orders represented 90% of the company's business even before the quarantines started. Unlike Starbucks, few people go to Dunkin' to hang out and enjoy the ambiance. Dunkin' has never marketed itself as a public space to linger with friends or get work done. So it loses little from switching to all takeout and delivery for the time being.On top of that, Dunkin' is actively finding new clients through delivery services. The company has added delivery alliances with GrubHub (NYSE:GRUB), UberEats (NYSE:UBER), DoorDash and Postmates. Put it all together, and the company has doubled its pre-coronavirus delivery capacity. The Verdict on DNKN StockDunkin' has a fantastic brand. And, unlike a McDonald's or Starbucks, it's not fully saturated yet. There are plenty of markets, both in the United States and overseas, for Dunkin' to tap in to.On top of that, Dunkin' has a unique advantage right now: Its brand is based around its products, but not its in-store experience. People like Dunkin's doughnuts and drinks (and the ice cream at Baskin-Robbins), not the look of its restaurants. Thus, Dunkin' can seamlessly switch to delivery and takeout only for some time, while many competitors lose much of their appeal without dine-in eating.So, I expect Dunkin' Brands to snap back quickly and thrive in the post-coronavirus world. Dunkin' was set to earn more than $3 per share before the virus hit. And the company has historically grown earnings at more than 10% a year thanks to its new-store growth and large share buyback.For a fast-growing franchisee restaurant chain, the market normally would pay at least 25x earnings, which would support a stock price up toward $80. As investors figure out that sales should be steady, and perhaps even increase as the new delivery options kick in, expect shares to continue moving higher.Eric Fry is an award-winning stock picker with numerous "10-bagger" calls -- in good markets AND bad. How? By finding potent global megatrends … before they take off. And when it comes to bear markets, you'll want to have his "blueprint" in hand before stocks go south. Eric does not own the aforementioned securities. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Dunkin' Brands Has the Perfect Recipe to Overcome Coronavirus Challenges appeared first on InvestorPlace.