Andy Barish with Jefferies remains bullish on McDonald's (MCD) after what he calls a strong third quarter, thanks to an emphasis on value. However, he's bearish on Starbucks (SBUX) until new CEO Brian Niccol can build his team, and rebuild the company's culture.
MCD is hurt by a decline in global comparable store sales. High labor costs are a concern.
Earlier this month, McDonald's franchisees voted to extend the $5 value meal into December in most U.S. markets.
McDonald's announced its 48th straight dividend increase. Here's why dividend growth is so important.
MCD has increased its dividend for 48 consecutive years since the first issued in 1976.
Late on Wednesday, September 25, the fast food giant McDonald's (NYSE: MCD) offered its investors a welcome surprise: a hefty dividend yield increase.
In the latest trading session, McDonald's (MCD) closed at $300.47, marking a +0.07% move from the previous day.
McDonald's (MCD) closed the most recent trading day at $293.85, moving +0.62% from the previous trading session.
McDonald's value meal promotion extension aims to attract cost-conscious consumers, leveraging its mobile app's success. Despite a recent earnings miss, McDonald's management provided solid guidance, with expectations of mid-to-high 40% operating margins and a 90% free cash flow conversion rate. I see shares as being fully valued with technical resistance at $300, and while it deserves a premium valuation, its EPS growth potential is modest, cementing my hold rating.
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.
Like most consumer-facing companies, McDonald's is struggling to attract as many paying customers as it has in the past. Although it's well-positioned to fight a price war, price wars pose a direct threat to profit margins.
McDonald's (MCD) closed the most recent trading day at $293.75, moving -0.99% from the previous trading session.