Seeking Alpha

McDonald's Corporation (MCD)

  • Sat, Jun. 13, 10:39 AM
    • The hiring by McDonald's (NYSE:MCD) of former Obama press secretary Robert Gibbs as it chief communications executive was motivated in part by politics, reasons Restaurant News.
    • The company is fighting a ruling by the National Labor Relations Board that classifies the restaurant chain as a joint employer of franchisee workers.
    • The distinction is potentially damaging for McDonald's.
    • A bill covering the franchisor-franchisee relationship is expected to be introduced in Congress - a development which will be closely monitored by the restaurant industry and a key focus for Gibbs.
    • Gibbs will also be busy with Mickey D's a lightning rod on the political issues of minimum wages and healthy eating.
    • Previously: Key executive positions filled at McDonald's (June 9)
    • MCD +1.44% YTD vs. S&P 500 +2.16%.
    | Sat, Jun. 13, 10:39 AM | 36 Comments
  • Wed, Jun. 10, 8:56 AM
    • Egg prices continue to soar as the avian flu ravages chicken farms across five states in the Midwest.
    • The outbreak has reduced the national flock by 12%, according to an academic study.
    • In a separate development, an undercover study by the Humane Society has identified abusive policies at egg suppliers for Costco (NASDAQ:COST).
    • The animal rights group is pushing for broad industry reform on the living conditions of chickens.
    • The spike in egg prices has been passed on to varying degrees to consumers, although some companies have felt a margin pinch.
    • Egg pricing is in the background at McDonald's (NYSE:MCD), Denny's (NASDAQ:DENN), Nestle (OTCPK:NSRGY), Dunkin' Brands (NASDAQ:DNKN), Post Holdings (NYSE:POST), and Dine Equity (NYSE:DIN) via IHOP.
    • Cal-Maine Foods (NASDAQ:CALM) and Archer Daniels Midland (NYSE:ADM) have been positioned to benefit from the egg squeeze.
    • The hardest hit group is local bakeries which rely on eggs at market prices.
    | Wed, Jun. 10, 8:56 AM | 7 Comments
  • Tue, Jun. 9, 12:22 PM
    • McDonald's (MCD -0.6%) names Robert Gibbs to fill the role of Global Chief Communications Officer
    • Gibbs served as President Obama's press secretary in his first administration.
    • The company appointed Silvia Lagnado to be its Global Chief Marketing Officer.
    • Lagnado is the former CMO at Bacardi Limited.
    • Both execs will report to CEO Steve Easterbrook.
    | Tue, Jun. 9, 12:22 PM | 7 Comments
  • Mon, Jun. 8, 11:42 AM
    • McDonald's (NYSE:MCD) trades level on the day as a sales burst in parts of Europe helped the restaurant chain offset in part ongoing weakness in Asia and the U.S. during May.
    • Miller Tabak thinks comp sales in Asia will be negative through Q3 as supply issues in Japan and China linger.
    • The McDonald's turnaround path in the U.S. is seen by Sterne Agee CRT as roughly in-line with expectations, although other retail analysts are quick to note McDonald's continues to peel off QSR market share to rivals such as Burger King, Wendy's, Sonic, and Jack in the Box.
    • Previously: McDonald's global comp -0.3% vs. -0.9% expected
    | Mon, Jun. 8, 11:42 AM | 2 Comments
  • Mon, Jun. 8, 8:04 AM
    • McDonald's (NYSE:MCD) reports global comparable-store sales fell 0.3% in May vs. -0.9% expected.
    • The comp in the U.S. was -2.2%, while the Asia/Pacific/Middle East/Africa region reported -3.2% comparable-store sales growth.
    • The restaurant chain continued to show improvement in Europe with a 2.3% increase in comparable-store sales.
    • Systemwide McDonald's sales were 7.2% lower Y/Y (+1.8% constant currency) in May.
    • YTD McDonald's global comparable-store sales -1.5%.
    • MCD +0.55% premarket to $96.07.
    | Mon, Jun. 8, 8:04 AM | 5 Comments
  • Thu, Jun. 4, 1:55 PM
    | Thu, Jun. 4, 1:55 PM | 7 Comments
  • Wed, Jun. 3, 3:09 PM
    • There's quite a bit of action in the hamburger sector.
    • Wendy's (NASDAQ:WEN) says it aims to open 1,000 new restaurants by 2020 in an aggressive push.
    • The company isn't the only one looking to increase its store count. IPO high-fliers Shake Shack (NYSE:SHAK) and Habit Restaurants (NASDAQ:HABT) are expanding along with Smashburger and Five Guys. All four chains are looking to build off their differentiated concepts.
    • Sector giant McDonald's (NYSE:MCD) is pushing innovation at its fastest pace in years. All-day breakfast and a Create Your Taste customization platform are two of its initiatives.
    • Sonic (NASDAQ:SONC), Burger King (NYSE:QSR), and Jack in the Box (NASDAQ:JACK) have shown blazing same-store sales growth to start the year. The trio bumps up against a tougher compare in Q2.
    • Though store traffic trends have been favorable, two drags on profits in the burger sector are entry-level wage increases and escalated beef costs.
    | Wed, Jun. 3, 3:09 PM | 7 Comments
  • Wed, Jun. 3, 2:32 AM
    • FIFA president Sepp Blatter's decision to resign amid corruption allegations at soccer's governing body is a relief for corporate sponsors who have called for more transparency at the organization.
    • "FIFA needs profound restructuring," Blatter declared. "Although the members of FIFA gave me a new mandate, this mandate does not seem to be supported by everyone in the world."
    • Sponsors Coca-Cola (NYSE:KO), Visa (NYSE:V), Adidas (OTCQX:ADDYY), Hyundai (OTC:HYMLF) and Anheuser-Busch InBev (NYSE:BUD) called the resignation a positive step, but some sponsors said they expected FIFA to do more to clean up its act.
    • Previously: Sponsors face pressure after FIFA scandal (May. 29 2015)
    | Wed, Jun. 3, 2:32 AM | 7 Comments
  • Fri, May 29, 12:06 PM
    • Deutsche Bank picks McDonald's (NYSE:MCD) and Darden Restaurants (NYSE:DRI) as its top two restaurants stocks.
    • Turnaround plans at both companies will yield improved results for shareholders, according to DB.
    • Analysts call the reorganization of brands and business groups at McDonald's and Darden a strategic move.
    • The investment firm is cautious on the restaurant sector overall, with Hold ratings initiated on Sonic (NASDAQ:SONC), Zoe's Kitchen (NYSE:ZOES), Yum Brands (NYSE:YUM), Texas Roadhouse (NASDAQ:TXRH), Panera Bread (NASDAQ:PNRA), Bloomin' Brands (NASDAQ:BLMN).
    | Fri, May 29, 12:06 PM | 5 Comments
  • Fri, May 29, 3:51 AM
    • The corruption scandal engulfing FIFA is having corporate sponsors ponder whether to back away from the powerful marketing outlet, although severing ties will not likely be easy.
    • Visa (NYSE:V) said it wants sweeping changes at FIFA and could otherwise end its agreement, which runs until 2022. Other top sponsors such as Adidas (OTCQX:ADDYY), McDonald's (NYSE:MCD) and Coca-Cola (NYSE:KO) also expressed deep concerns.
    • FIFA collected $1.6B in sponsorship money in the four years leading up to the 2014 World Cup, nearly half of which came from its six top "partners" (the four mentioned above, Emirates and Hyundai (OTC:HYMLF)).
    • Meanwhile, Sepp Blatter is expected to secure re-election as FIFA President today, despite the many calls for him to step down.
    | Fri, May 29, 3:51 AM | 6 Comments
  • Wed, May 27, 9:10 AM
    • Execs with McDonald's (NYSE:MCD) were at the podium at the Bernstein Strategic Decisions Conference early this morning.
    • A good part of the presentation covered some of the new initiatives due to be unveiled at the company in pilot programs which include kiosk ordering and premium burger selections.
    • The company remains non-committed to a REIT option, although it says it will continue to evaluate the strategy.
    • Monthly sales reporting by the restaurant chain will be discontinued after July 1.
    • Shares of MCD are slightly ahead of market averages after the talk, +0.3% premarket.
    • Webcast
    | Wed, May 27, 9:10 AM | 19 Comments
  • Thu, May 21, 4:40 PM
    • McDonald's (NYSE:MCD) declares $0.85/share quarterly dividend, in line with previous.
    • Forward yield 3.42%
    • Payable June 15; for shareholders of record June 1; ex-div May 28.
    | Thu, May 21, 4:40 PM | 3 Comments
  • Thu, May 21, 3:38 PM
    • McDonald's (MCD -0.9%) held its annual meeting today where shareholders approved a measure which will make it easier for board nominations to be made by long-term holders of large blocks of shares.
    • Protesters outside the meeting railed against the company over the level of its wage increases for employees, while inside CEO Steve Easterbrook defended the action.
    • New initiatives were also discussed in detail with the restaurant chain appearing set to use pilot tests of new concepts.
    | Thu, May 21, 3:38 PM | 15 Comments
  • Thu, May 21, 9:30 AM
    • Alongside Goldman's list of 50 stocks appearing most as top holdings at hedge funds is its list of the 50 top shorts.
    • New additions this quarter: Baxter Intl (NYSE:BAX), UPS, Marriott (NASDAQ:MAR), NextEra (NYSE:NEE), Ford (NYSE:F), National Oilwell Varco (NYSE:NOV), McDonald's (NYSE:MCD), M&T Bank (NYSE:MTB), CenturyLink (NYSE:CTL), Amgen (NASDAQ:AMGN), Pioneer Natural (NYSE:PXD), Duke Energy (NYSE:DUK), Seagate (NASDAQ:STX), AbbVie (NYSE:ABBV), Cisco (NASDAQ:CSCO).
    • The full list (in order of $ value of short interest): AT&T (NYSE:T), Disney (NYSE:DIS), IBM, Verizon (NYSE:VZ), Intel (NASDAQ:INTC), Kinder Morgan (NYSE:KMI), Exxon (NYSE:XOM), Pfizer (NYSE:PFE), J&J (NYSE:JNJ), Deere (NYSE:DE), Caterpillar (NYSE:CAT), Exelon (NYSE:EXC), GE, Boeing (NYSE:BA), Halliburton (NYSE:HAL), Fox (NASDAQ:FOXA), Comcast (NASDAQ:CMCSA), UTX, Regeneron (NASDAQ:REGN), Merck (NYSE:MRK), (NYSE:CRM), AbbVie (ABBV), Conoco (NYSE:COP), Wal-Mart (NYSE:WMT), Eli Lilly (NYSE:LLY), Celgene (NASDAQ:CELG), Schlumberger (NYSE:SLB), AutoZone (NYSE:AZO), Wells Fargo (NYSE:WFC), Emerson (NYSE:EMR), McDonald's (MCD), Reynolds (NYSE:RAI), Target (NYSE:TGT), Accenture (NYSE:ACN), Coca-Cola (NYSE:KO).
    | Thu, May 21, 9:30 AM | 76 Comments
  • Thu, May 21, 7:03 AM
    • Shareholders at McDonald's (NYSE:MCD) will vote today on a proposal to make it easier to nominate directors to the company's board.
    • The measure has the support of large institutional investors and landed recommendations from proxy firms Glass Lewis and ISS.
    • The proposal would allow investors holding 3% of McDonald's outstanding shares for at least three years to place their nominees on company proxy materials.
    • Previously: Labor protests expected at McDonald's annual meeting (May. 20 2015)
    | Thu, May 21, 7:03 AM | Comment!
  • Wed, May 20, 3:06 PM
    • McDonald's (MCD -0.6%) will take its Create Your Taste initiative to Asia as it looks for a recipe to grow sales.
    • Create Your Taste is a kiosk-based ordering platform created by the company that allows diners to customize orders.
    • The company's Asia/Pacific/Middle East segment recorded a painful 8.3% drop in comparable-store sales in Q1.
    • Previously: McDonald's is on a marketing mission (Jan. 13)
    | Wed, May 20, 3:06 PM | Comment!
Company Description
McDonald's Corp franchises and operates McDonald's restaurants in the food service industry. Its geographic segments include the United States, Europe, and Asia-Pacific, Middle East and Africa.
Sector: Services
Industry: Restaurants
Country: United States