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.
The company announced last week it is cutting jobs, closing a factory and curtailing production lines.
58% of people cut dining out costs as inflation ramped up, according to @LikeFolio 's Landon Swan. Even McDonald's (MCD) saw their customer base drop when its prices went up.
McDonald's is gearing up to introduce a brand-new addition to its US menu next week: the Chicken Big Mac. With hopes of bringing in more customers and expanding its already impressive chicken offerings, the fast-food giant is betting that this latest twist on its iconic sandwich could help it reverse a challenging year.
It pays a higher yield than the wider market and is on sale right now.
McDonald's will start replacing beef patties in its Big Mac with chicken patties in a move meant to attract customers. But what's the real motive behind the move?
McDonald's (MCD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.