McDonald's Corporation(MCD)- NYSE
  • Thu, Sep. 29, 10:02 AM
    • It's National Coffee Day in the U.S., but it's weather in Brazil and Vietnam that is the focus of the coffee industry.
    • Drought conditions and crop disease concerns have pushed prices higher and created some short-term supply constraints.
    • Indexmundi.com shows robusta coffee prices are up 18% YTD and mild arabicas prices are 16% higher.
    • Higher commodity prices can hit packaged coffee sellers harder than chains selling fresh coffee, although hedging activity also plays a larger factor in how individual companies shake out.
    • On a consumer level, don't expect any relief at Starbucks on their base coffee prices ($1.85 tall, $2.10 grande, $2.45 venti) anytime soon.
    • Related tickers: SBUX, DNKN, SJM, QSR, MCD, MDLZ, KKD, WWAV, JVA, OTCQB:JAMN, OTCQB:BCCI, FARM, OTCPK:NSRGY.
    • ETFs: JO, CAFE.
    | Thu, Sep. 29, 10:02 AM | 17 Comments
  • Thu, Sep. 29, 8:28 AM
    • Shares of McDonald's (NYSE:MCD) are on watch after the company boosted its dividend payout rate. The yield moves up to 3.26% based off of yesterday's closing price.
    • The company also noted that this year is the final year of its three-year target to return $30B to shareholders in cash. Through the end of August, McDonald's has returned a total of $26B and the restaurant operator is on track to complete the remaining amount by the end of the year.
    • A reset of McDonald's capital allocation target is likely to be announced by the end of the year.
    • Previously: McDonald's declares $0.94 dividend (Sept. 29)
    • MCD +0.10% premarket to $115.30.
    | Thu, Sep. 29, 8:28 AM
  • Thu, Sep. 29, 8:03 AM
    • McDonald's (NYSE:MCD) declares $0.94/share quarterly dividend, 5.6% increase from prior dividend of $0.89.
    • Forward yield 3.26%
    • Payable Dec. 15; for shareholders of record Dec. 1; ex-div Nov. 29.
    | Thu, Sep. 29, 8:03 AM | 21 Comments
  • Wed, Sep. 28, 10:06 AM
    • Restaurant stocks are out of favor after a brutal assessment on current trends by Sonic (SONC -6.2%) as part of its early look at FQ4 results.
    • "The shortfall was largely driven by lower-than-expected traffic, reflecting lower consumer spending in restaurants and continued aggressive competitive activity," noted Sonic CEO Cliff Hudson.
    • Only 5 restaurant stocks out of the 49 publicly-listed chains with a market cap of over $50M are in positive territory on the day. More than half the sector is showing a negative YTD return, despite a steady 6% return for the S&P 500 Index.
    • Decliners today include Dave & Buster's Entertainment (PLAY -3.5%), Jack in the Box (JACK -2.4%), Buffalo Wild Wings (BWLD -1.7%), Fiesta Restaurant Group (FRGI -1%), McDonald's (MCD -1.7%), Denny's (DENN -1.3%), and Kona Grill (KONA -0.9%).
    • Related ETF: BITE.
    | Wed, Sep. 28, 10:06 AM | 8 Comments
  • Mon, Sep. 26, 3:09 AM
    • A consortium formed by KG Group and NHN Entertainment (OTC:NHNEF) has dropped its bid for acquiring McDonald's Korea (NYSE:MCD), Money Today reports.
    • Recently, CJ Group dropped out of the race as well, leaving a consortium formed by Carlyle Group (NASDAQ:CG) and Maeil Dairies as the preferred bidder.
    • Carlyle has also submitted bids for McDonald's in China and Hong Kong - a deal expected to fetch around $3B.
    | Mon, Sep. 26, 3:09 AM
  • Fri, Sep. 23, 4:23 PM
    • McDonald's (NYSE:MCD) -- always more children-focused than fast-food rivals -- is starting a pilot test of its youth-oriented Happy Meals for breakfast on Monday.
    • The test, set for Tulsa, Okla., will offer two choices: one with two McGriddles cakes, or one with an egg and cheese McMuffin (same size as regular Egg McMuffin but without Canadian bacon or butter).
    • The meals have sides of apples, yogurt or hash browns, and also french fries in afternoons/evenings.
    • A successful test would mean a rollout of the first new entree for Happy Meals in more than 30 years, the company says.
    | Fri, Sep. 23, 4:23 PM | 11 Comments
  • Tue, Sep. 20, 9:34 AM
    • Nomura highlights in a new note the lengths that traditional fast-food chains are going in order to lure in adventuresome millennials.
    • Wendy's (WEN +0.1%) is testing a truffle burger which features truffle aioli, truffle parmesan cheese sauce, and a croissant bun
    • McDonald's (MCD +0.9%) just finished up with a regional run of a Pesto Mozzarella Melt sandwich that included kale and spinach.
    • While menu innovation is nothing new for the chains, the most recent test offerings indicate that the chains may be looking to steal traffic from Panera Bread and Starbucks as much as Burger King and Taco Bell.
    | Tue, Sep. 20, 9:34 AM | 12 Comments
  • Mon, Sep. 19, 9:26 AM
    • McDonald's (NYSE:MCD) may have to pay $500M in back taxes to the European Union, according to analysis from Financial Times.
    • The company's arrangement of setting its headquarters Luxembourg is under investigation as part of a broad probe into state tax avoidance schemes by multinationals.
    • A statement from McDonald's indicates that it believes it has received no preferential treatment and paid up all owed taxes.
    | Mon, Sep. 19, 9:26 AM | 2 Comments
  • Thu, Sep. 15, 3:15 AM
    • McDonald's (NYSE:MCD) has received final bids from at least three groups for its China and Hong Kong outlets, with Carlyle Group (NASDAQ:CG) and TPG Capital separately teaming up with Chinese partners for the business worth up to $3B, sources told Reuters.
    • Real estate firm Sanpower Group also made an offer for the assets. The company had previously said it was teaming up with Beijing Tourism Group.
    | Thu, Sep. 15, 3:15 AM | 2 Comments
  • Wed, Sep. 14, 11:22 AM
    • Data from NPD Group indicates that 11% of millennials use craft coffee brewing to satisfy their daily coffee cravings.
    • It's a trend to watch with younger consumers representing 44% of at-home craft coffee brewers of which a third live in urban areas.
    • It's not clear if the increase in at-home craft coffee consumption is peeling away meaningful packaged coffee sales or store traffic to chains, but there could be a reputational risk to national brands on quality in the future.
    • Related tickers: SBUX, DNKN, SJM, QSR, MCD, MDLZ, KKD, WWAV, JVA, OTCQB:JAMN, OTCQB:BCCI, FARM, OTCPK:NSRGY.
    • ETFs: JO, CAFE.
    | Wed, Sep. 14, 11:22 AM | 18 Comments
  • Sat, Sep. 10, 12:17 PM
    • The sluggish trend continues in the restaurant sector with same-store sales down 0.6% in August, according to the latest read from Black Box Intelligence.
    • Same-store traffic was 2.7% lower Y/Y during the month to improve on the 3.9% drop recorded in July. Average guest check across the industry was up 2.3% to help offset for some of the loss of customers.
    • Another weak month in the Southwest (sales -5%, traffic -7%) doesn't bode well for chains with a high concentration of stores in Texas.
    • Though the broad read from analysts is that consumer spending is still tight in the U.S., there are also some concerns that restaurant chains are having trouble building brand loyalty with millennials giving their business to independent eateries.
    • Restaurant stocks: CAKE, CBRL, DNKN, DPZ, DRI, EAT, JACK, MCD, RRGB, RT, SONC, WEN, BWLD, BDL, QSR, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, HABT, NDLS, BOJA, PBPB, PLKI, FRSH, RAVE, LOCO, TACO, PZZA, KONA, BGR, BJRI, CHUY, FRS, CBRL, GTIM, TAST, WING, BOJA, ZOES, PLAY, FOGO, ARCO, STKS, WING.
    • Related ETF: BITE.
    | Sat, Sep. 10, 12:17 PM | 12 Comments
  • Fri, Sep. 2, 3:29 AM
    • South Korea's Maeil Dairy Industry is considering a bid for acquiring McDonald's (NYSE:MCD) South Korean operations in partnership with the Carlyle Group (NASDAQ:CG).
    • According to investment banking sources, a sale could be worth up to 600B won ($535M).
    • Carlyle has also teamed up to bid for McDonald's outlets in China and Hong Kong in a deal worth between $2B-$3B.
    | Fri, Sep. 2, 3:29 AM | 2 Comments
  • Wed, Aug. 31, 4:41 PM
    • McDonald's (NYSE:MCD) announces the retirement of U.S. Presdient Mike Andres after about two years on the job. He's to be replaced, effective Jan. 1, by Chris Kempczinski, who joined the company last year as EVP of Strategy, Business Development and Innovation.
    | Wed, Aug. 31, 4:41 PM | 3 Comments
  • Wed, Aug. 31, 10:49 AM
    • Shares of Starbucks (NASDAQ:SBUX) are just moderately lower and McDonald's (NYSE:MCD) is actually higher since the European Union ruled that the Irish government granted illegal state aid to Apple by lowering its tax bill over a long period of time.
    • The two consumer companies are at risk in theory due to their tax arrangements in Europe, although most analysts see the tax drama playing out over a long period of time with Apple's legal whizzes prepping to fight the EU full force.
    • Apple CEO Tim Cook's open letter to customers and shareholders on the EU issue is probably fully supported at Starbucks and McDonald's.
    • Previously: Apple received $14.5B in illegal Irish tax benefits (Aug. 30)
    | Wed, Aug. 31, 10:49 AM | 4 Comments
  • Tue, Aug. 30, 7:26 AM
    • Baird upgrades McDonald's (NYSE:MCD) to an Outperform rating after having the restaurant stock slotted at Neutral.
    • The investment firm says the risk-reward profile on McDonald's is favorable at current levels, despite some tough sales comparables in upcoming quarters.
    • Analyst David Tarantino lifts his price target on MCD to $128 which is short of the 52-week high of $131.96.
    • MCD -0.18% premarket to $115.20.
    | Tue, Aug. 30, 7:26 AM | 2 Comments
  • Tue, Aug. 23, 8:19 AM
    • Carlyle Group (NASDAQ:CG) is one of the final two bidders to land restaurants owned by McDonald's (NYSE:MCD) in China, sources tell the New York Post. Previous reports indicated that the Beijing Tourism Group, Sanpower, and ChemChina were in the mix.
    • McDonald's is looking to lower its risk by moving to a franchise model in the nation.
    • Carlyle has been successful in the restaurant industry before, notably flipping its investment in Dunkin' Brands at a tidy profit a few year ago.
    | Tue, Aug. 23, 8:19 AM | 1 Comment