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McDonald's Corporation

5/25/2013, 12:32 PM ET

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Friday, May 24, 8:41 AM Annual shareholder meeting headaches: An increasing trend at this year's round of shareholder meeting for major companies is a rash of negative publicity from loud activist shareholders looking to score points on political issues. McDonald's (MCD) had to engage in spirited debate and a shareholder vote on childhood obesity - while CBS (CBS) had its meeting nearly taken over by a pro-Israel group. During the Q&A session of Time Warner's (TWX) meeting, CEO Jeff Bewkes was bombarded with complaints over CNN's coverage on major issues. Though the companies won all the important shareholder votes, execs appeared a little more bedraggled than normal. 15 Comments [Consumer]
Thursday, May 23, 8:13 AM McDonald's (MCD) declares $0.77/share quarterly dividend, in line with previous. Forward yield 3.03%. For shareholders of record June 3. Payable June 17. Ex-div date May 30. (PR) 2 Comments [Dividends]
Friday, May 17, 2:34 PM McDonald's (MCD) will boost its workforce by 83% this year to take it to 165K as it picks up its pace of store growth in the nation. The restaurant operator has less than half of the fast-food market share that Yum Brands claims, but the gap is narrowing with KFC China suffering some turmoil. 10 Comments [Consumer]
Friday, May 17, 6:51 AM McDonald's (MCD) is considering removing more items from its menu to become streamlined, according to information tipped off by a franchisee. Fruit & Walnut salads, Chicken Selects and Angus burgers have already been selected for elimination while Caesar salads, the McSkillet Burrito, and steak bagels could also be on the copping block. The streamlining moves falls in line with a new focus from the company on costs and its value menu. 5 Comments [Consumer]
Thursday, May 16, 9:41 AM Can McDonald's (MCD -0.6%) reinflate same-store sales with its plan to focus on value pricing and swap in new quarter pounder products for Angus burgers? Many Wall Street profit estimates on McDonald's bank on a summertime bump from the menu innovation, but the volume of sales will have to be high to offset the shift to lower-margin items. What to watch: An early August release on July sales will be crucial. 1 Comment [Consumer]
Monday, May 13, 11:38 AM McDonald's (MCD +0.2%) could slip lower as its underperforms analyst estimates in Q2, according to Hedgeye. The firm thinks the Street has revenue projections for McDonald's set too high as it notes misses for April same-store sales for Europe and APMEA will be hard to make up in May and April with sales momentum languishing. (long-term MCD sales charts) 2 Comments [Consumer]
Friday, May 10, 7:12 AM McDonald's (MCD) says it will cut Angus burgers from its menu and will expand its line of Quarter Pounder items. The shift in strategy from the company is another bid to gain market share of value-oriented customers and follow the path of QSR rivals also increasing their focus on $1 menu items. 7 Comments [Consumer]
Wednesday, May 8, 8:30 AM McDonald's (MCD) reports global sales for April fell 0.6% which was a bit worse than the 0.5% drop analysts forecast. Comparable sales in the U.S. were up 0.7%, but a 2.4% slip in Europe and a 2.9% decline in the Asia/Pacific, Middle East and Africa region weighed down results. Japan was particularly weak again and the restaurant operator notes results in China were impacted by the avian flu epidemic. 6 Comments [Consumer]
Tuesday, May 7, 9:47 AM McDonald's (MCD +0.2%) says it will increase prices in India to offset higher food commodity costs and an increase in the government's service tax rate. The company acknowledges demand will take a hit, estimating sales of items such as the McAloo Tikki and McSpicy Paneer could be slowed for six to seven months. In the big picture, India accounts for a small portion of the restaurant operator's total sales - but it has ambitious plans to grow in the nation. Comment! [Consumer]
Monday, May 6, 2:38 PM McDonald's (MCD -0.5%) is considering expanding its breakfast menu to an all-day service, according to a Bloomberg TV report. The idea has been shot down in the past because it raises the logistical issue of how to cook hamburgers and eggs on a grill of a limited size, but the temptation is increasing with the company claiming 25% of the breakfast market share on solid traffic. 6 Comments [Consumer]
Friday, May 3, 11:24 AM More on Taco Bell (previous): The mysterious roll-out of a new "low-end" menu is based on a strategy of offering items at the $1 price point. Execs say the Cravings menu will make sure the restaurant chain is taking care of the value-oriented consumers. QSR sector watch: The focus on the magical $1 mark by Taco Bell (YUM +1.4%) could add a little more pressure to peers such as McDonald's (MCD +0.8%), Wendy's (WEN +2.1%), and Burger King (BKW +2.2%) which have been running down a dual path of competing on value while also trying to entire consumers away from Panera Bread and Chipotle with fresher offerings. Comment! [Consumer]
Monday, April 29, 2:27 PM McDonald's (MCD +1.5%) and Dunkin' Donuts (DNKN +0.4%) are leading a pack of restaurant chains that are extending hours of operation in order to help pump up revenue. In some cases, the plan is pitting some companies against their own franchisees that are somewhat convinced the wee midnight to early breakfast hours aren't unprofitable. Analysts say it depends on the brand. What works for Taco Bell, Denny's, or White Castle might not work for the sector as a whole. 4 Comments [Consumer]
Monday, April 29, 9:36 AM McDonald's (MCD) plans to raise $500M by floating a new series of 30-year bonds, according to Bloomberg. Comment! [Consumer]
Friday, April 26, 9:54 AM More from McDonald's (MCD -0.2%) CEO Don Thompson: 1) The success of automakers in China sets up McDonald's well to grow in the country. 2) The preferences of millennials for organic food is a big consideration and will be part of menu innovation. Wraps have been successful with the demographic. 3) The exec admits the company has been late to the party on mobile and loyalty programs. 4) Does McDonald's have another Chipotle up its sleeves for shareholders? A bit of filibustering - but the answer seems like a no. (previous, CNBC video) 2 Comments [Consumer]
Friday, April 26, 9:30 AM McDonald's (MCD) CEO Don Thompson tells the CNBC morning crew that the company sells more drip coffee than anyone in the U.S. (take that Starbucks) as he makes the case the flattish same-store sales being seen in the U.S. are something of a mirage. Shares of MCD are neutral off the bravado, up 0.1% premarket. 3 Comments [Consumer]
Monday, April 22, 3:25 PM RBC raises its price target on Outperform-rated McDonald's (MCD -0.6%) to $107 from $98 citing a projected improvement in margins of 130 basis points going forward. When asked about the "third straight year" of declining margins by Goldman analyst Michael Kelter, CFO Peter Bensen said on the call that there were more important considerations given the lack of growth in the industry: "Would we love higher margins? Yes, but in this environment, guest count growth and market share growth are [what is] critical." (transcript) 4 Comments [Consumer]

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