Thu, May 21, 4:40 PM
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, 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), salesforce.com (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, 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)
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, 7:08 AM| 5 Comments
Tue, May 19, 4:54 AM
- Taking advantage of the lower borrowing costs in the eurozone, McDonald's (NYSE:MCD) and United Technologies (NYSE:UTX) are now the latest big U.S. companies to issue debt in euros (called "reverse Yankee" bonds), selling €2B and €750M, respectively.
- The total raised by U.S. companies issuing euro-denominated debt so far this year is just over €34B (not including the latest two deals), more than double the previous record of €17B in 2007.
Tue, May 12, 7:25 AM
- McDonald's (NYSE:MCD) franchisees were told during a webcast meeting yesterday that the company is making menu changes.
- More items will listed at the midprice range of the menu between $1.50 and $3.00.
- Menu boards at drive-through lines will be changed to only display the top-selling items.
- The company also plans to expand its test of all-day breakfast.
- Speed of service inside stores and at drive-through lines is a priority as well.
Fri, May 8, 8:53 AM
- McDonald's (NYSE:MCD) reports global comparable-store sales fell 0.6% in April vs. -1.8% expected.
- The comp in the U.S. was -2.3%, while the comp for the Asia/Pacific/Middle East/Africa region was -3.8%.
- Sales in Europe were better as strength in U.K. and Germany led to a +1.0% gain in comparable-store sales.
- Systemwide McDonald's sales were 8.8% lower Y/Y (+1.5% constant currency).
- MCD +1.1% premarket to $97.85.
Wed, May 6, 3:55 PM
- McDonald's (MCD +0.1%) appears to be testing a localization spin to its menu with nine restaurants in Southern California adding a breakfast bowl featuring kale and spinach.
- There's also a report out from Janney Capital indicating the company is testing kale as an ingredient in salads in California.
- The bowl menu option has been hugely successful for Chipotle across dayparts and a spark for Taco Bell in the morning, but could add kitchen complexity if McDonald's were to roll it out nationally.
- Earlier this week, McDonald's uncorked its turnaround plan which drew mixed reviews.
- Shares of MCD have hovered around $96 for most of the week.
- Previously: McDonald's unveils turnaround plan (May 4)
Mon, May 4, 8:45 AM
- McDonald's (NYSE:MCD) follows up its transformation video with a press release full of more details.
- The company says it will return $8B to $9B to shareholders this year and expects to reach the top end of its three-year target to return $18B to $20B by the end of 2016.
- G&A spending at McDonald's will be cut to the tune of $300M per year.
- Analysts in general are a bit underwhelmed from the presentation and are fretting over the lack of specific sales and EPS guidance.
- MCD -1.64% premarket to $96.30 after beginning the premarket session in positive territory.
- Previously: McDonald's unveils turnaround plan
Mon, May 4, 8:20 AM
- McDonald's (NYSE:MCD) releases a video detailing its turnaround plan.
- The numbers don't lie, says CEO Steve Easterbrook as he promises a global transformation.
- The exec highlights three areas of focus: (1) driving operational growth, (2) improving the brand, (3) some financial engineering is tipped.
- A new structure at the company will be created to divide into four segments to represent where operating income is struck. A high-growth segment (10% of total sales from 9 key markets) and a foundational segment (100 countries) will replace geographic splits.
- "Layers of bureaucracy will be stripped away," promises Easterbrook.
- McDonald's sets a goal to have 90% restaurants franchised by 2018 - a faster pace than previously planned.
- Food quality changes and menu innovation are highlighted in broad strokes.
- McDonald's operated 36.2K restaurants at the end of last year. The company still owns about 10% of its 14.3K U.S. stores.
- MCD +0.10% premarket to $97.90 - moving lower as the video was digested.
Fri, May 1, 12:16 PM
- McDonald's (MCD +1.2%) will formally introduce its turnaround plan on Monday with a video, press release, and conference call with execs.
- There's been some hints over the last few weeks over what measures the company has in mind to stoke sales growth, although Monday's announcement could also include some unexpected initiatives.
- Previously: McDonald's Japan initiates store remodel plan (Apr. 14 2015)
- Previously: McDonald's tests all-day breakfast in San Diego (Apr. 21 2015)
- Previously: McDonald's to 'take risks' after global traffic slides (Apr. 22 2015)
- Previously: McDonald's tests drive-thru customization (Apr. 29 2015)
Wed, Apr. 29, 1:39 PM
- McDonald's (MCD -0.1%) is testing a menu customization program in a few stores that falls short of the full-on build-your-sandwich Create Your Taste initiative which has been criticized by franchisees.
- The TasteCrafted platform lets in-store and drive-thru customers choose from a smaller set of menu options than Create Your Taste.
- The company is in a period of innovation amid a rebranding effort.
Mon, Apr. 27, 7:44 AM
- In his "We Are Full of Bull" note this morning, Morgan Stanley's Adam Parker says the economy will accelerate in Q2 and Q3, bringing stocks along for the ride. If investors are gun-shy thanks to record levels for the averages, Parker suggests looking for names with decent long-term earnings forecasts trading at a discount to the market.
- The ten largest U.S. stocks trading at a discount, but with above-average expected growth rates: Apple (NASDAQ:AAPL), Citigroup (NYSE:C), Gilead (NASDAQ:GILD), Union Pacific (NYSE:UNP), Actavis (NYSE:ACT), Twenty-First Century Fox (NASDAQ:FOXA), Time Warner (NYSE:TWX), Ford (NYSE:F), BlackRock (NYSE:BLK).
- Conversely, one might want to avoid those stocks selling for substantial premiums. The ten largest stocks trading at a premium to the market while growing at a below-average rate: Exxon (NYSE:XOM), Procter & Gamble (NYSE:PG), Chevron (NYSE:CVX), Coca-Cola (NYSE:KO), Pepsico (NYSE:PEP), Schlumberger (NYSE:SLB), MMM, McDonald's (NYSE:MCD), UPS, Nike (NYSE:NKE).
- Source: Bloomberg
Wed, Apr. 22, 8:44 AM
- Shares of McDonald's (NYSE:MCD) trade higher in early action with investors focused on the May 4 unveiling of a turnaround plan.
- The restaurant chain's string of negative comps in the U.S. stands out with KFC, Taco Bell, Sonic, and Jack in the Box all moving in the other direction.
- Restaurant analysts think the company channeling Ray Kroc's "take risks" mantra could tip a more dramatic transition for the company than originally forecast.
- Previously: McDonald's EPS of $0.84
- Previously: McDonald's to 'take risks' after global traffic slides
- MCD +2.15% premarket.
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