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McDonald's Corporation (MCD)

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  • Apr. 16, 2012, 2:03 PM
    McDonald's (MCD) has named Tim Fenton, a 39-year vet who's currently the head of its Asia-Pac, Middle East, and Africa ops, its next COO. As previously announced, current COO Don Thompson will replace Jim Skinner as CEO on July 1. (PR)
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  • Apr. 12, 2012, 4:55 AM
    As fast-food chains look to run a tighter ship, they're increasingly relying on refranchising, or unloading company-owned outlets to franchisees. Burger King is the latest example, though McDonald's (MCD) has been on a similar push, reducing its share of company-run restaurants to 19% from 23% over the last five years.
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  • Apr. 5, 2012, 1:13 PM
    Despite efforts to manage the controversy, concerns about so-called “pink slime” in the nation’s beef supply are influencing decisions about what people buy and eat. In a poll recently conducted by Harris Interactive, 22% of respondents said they’ve either decreased and/or stopped altogether their consumption of ground beef in restaurants, and 25% said they’ve either decreased and/or stopped altogether their purchases from grocery stores.
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  • Apr. 4, 2012, 7:37 PM
    A San Francisco judge has dismissed a lawsuit against McDonald's (MCD) over the use of toys in its Happy Meal marketing. The lawsuit was originally filed in 2010 by a group claiming the company used deceptive marketing tactics to entice children and parents into making unhealthy food choices.
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  • Apr. 4, 2012, 11:24 AM
    Bill Ackman - fresh from working out a deal to take Burger King public - takes a shot at McDonald's (MCD -1.4%), calling the company "enormously bloated" in a conference call aimed at justifying his big bet on the hamburger chain. Being bloated apparently isn't the issue at BK, where its own 10-K tips off that comparable-store sales fell off 0.5% last year. (Previous: MCD downgrade)
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  • Apr. 4, 2012, 8:01 AM
    McDonald's (MCD) is removed from Goldman's conviction buy list, the firm saying there is little visibility towards near-term catalysts and better opportunities elsewhere. Shares -0.9% premarket.
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  • Apr. 3, 2012, 11:08 AM
    Burger King launches the biggest menu expansion in its history with 10 new items hitting the menu this week. Nearly all the debuting items at BK mimic offerings from rival McDonald's (MCD +0.7%) which has stretched out its market share lead over the burger chain in recent years. Before it worries about challenging Mickey D's dominance, Burger King will set its sights on reeling in Wendy's (WEN +0.2%) - which passed it for the number #2 slot for sales in the sector.
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  • Mar. 23, 2012, 11:39 AM
    Add Sanford Bernstein analyst Sara Senatore to the group of pundits (I, II) forecasting a seamless CEO transition at McDonald's (MCD -0.2%). She notes the exec - who made his mark at the company with initiatives to modernize restaurants and roll out premium coffee - is unlikely to break from his predecessor's gameplan.
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  • Mar. 22, 2012, 3:52 PM
    Barclays weighs in on the CEO switch (I, II) at McDonald's (MCD -0.8%) with a maintained Buy rating and $103 price target. Analyst Jeffrey Bernstein says the choice of Don Thompson to man the ship was "well telegraphed" and recommends buying shares of MCD on any pullbacks off the news.
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  • Mar. 22, 2012, 9:08 AM
    New McDonald's (MCD) CEO Don Thompson has been integral to the company's successes and likely will follow closely in the footsteps of retiring CEO Jim Skinner, Lazard says in reiterating a Buy rating. "MCD has telegraphed an eventual transition of the CEO role to Don Thompson for nearly two years. We expect no change in the current direction." MCD -0.6% premarket.
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  • Mar. 22, 2012, 4:53 AM
    McDonald's (MCD) CEO Jim Skinner announces he'll retire at the end of June, after 41 years with the company. MCD's board elects Don Thompson, currently serving as President and COO, to take over as chief executive. Skinner's departure isn't exactly a surprise, but comes earlier than many analysts expected.
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  • Mar. 21, 2012, 12:41 PM
    More on the Burger Wars (previous): While fast-food burger joints saw a respectable 3% increase in sales to $67B last year, the premium burger segment grew at 18% to reach close to $2B - fueled in part by interest stirred up by cooking shows on TV. Not sitting still, execs at MCD, WEN, SONC, and JACK are offering up their own "premium" burgers in an attempt to break up the momentum of the niche market.
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  • Mar. 21, 2012, 11:20 AM
    Burger Wars: As hamburger chains such as Five Guys, Smashburger, and In-N-Out Burger continue to raise the ante on the "premium" burger market to challenge McDonald's (MCD -0.7%) dominance, new players emerge on the scene to test the waters in the +$10 hamburger market. While Mickey D's has unbeatable market penetration and affordability on its side, industry watchers warn franchises could lose sales to tastier offerings.
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  • Mar. 20, 2012, 6:40 AM
    McDonald's (MCD) introduces a new service in Japan that allows customers to order food and pay by mobile phone. The company estimates that by reducing its processing time for orders by just one second it can add ¥800M to annual sales.
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  • Mar. 16, 2012, 8:20 AM
    McDonald's (MCD) apologizes to Chinese consumers after a state-owned TV station accused it of selling products past their sell-by windows. The report by China Central Television offered no evidence of widespread problems with MCD's China operations, but periodic "trumped up" investigations such as this highlight the pressures foreign companies can face in China.
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  • Mar. 13, 2012, 12:40 PM
    "Dunkin' Brands (DNKN) is clearly in McDonald's (MCD) crosshairs," writes Hedgeye, noting the addition Monday of Danish, muffins, banana bread, and scones to menus across New England. The analysts also opine on the changes to the Dollar Value Menu, saying it risks upsetting customers who are used to and want drinks and fries for a dollar.
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MCD vs. ETF Alternatives
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