After former President Donald Trump made headlines serving fries at a McDonald's drive-thru in Pennsylvania over the weekend, some were quick to speculate that the fast food giant's stock might see some turbulence.
McDonald's raised wages for its employees at corporate-owned restaurants over the past three years. It pledged that company-owned restaurants would increase to $15 an hour by 2024.
In the most recent trading session, McDonald's (MCD) closed at $314.89, indicating a -0.53% shift from the previous trading day.
Donald Trump served up french fries to supporters in a visit to a McDonald's Corp. franchise in Pennsylvania. His Democratic opponent, Kamala Harris has said she worked at the chain when she was a student.
As the world's most popular fast food company, McDonald's has long been a pioneer in innovation.
McDonald's said it is not a political brand and is not endorsing a presidential candidate after former President Donald Trump visited a location in Feasterville, Pennsylvania. Trump often accuses Harris of lying about working at McDonald's for a summer in her twenties but has offered no proof backing up the claim.
China's state-owned CITIC Ltd has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald's China and Hong Kong operations, to Trustar Fast Food Holdings for $430.3 million.
Recently, Zacks.com users have been paying close attention to McDonald's (MCD). This makes it worthwhile to examine what the stock has in store.
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In the latest trading session, McDonald's (MCD) closed at $309.84, marking a +1.57% move from the previous day.
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including McDonald's and AT&T.
McDonald's CEO Chris Kempczinski told a business gathering in Boston on Thursday that the Big Mac maker is girding for more turbulence ahead.