McDonald's Corp $ 213.27 1.95 (0.92%)
McDonald's Corp News and Headlines -
The Dow Jones Industrial Average closed at 30,603.36 on Thursday with a gain of 300.19 points or 0.99%. The S&P 500 closed at 3,787.38 for a gain of 36.61 points or 0.98%. The Nasdaq Composite closed at 13,337.16 for a gain of 66.56 points or 0.50%. The VIX Volatility Index was lower at 30.21 for a loss of 7.00 points or -18.81%.
Thursday's Market Movers
U.S. indexes rebounded from Wednesday's selloff, closing higher for the day. Earnings headlines continued:
- Dow (DOW): Revenue of $10.7 billion increased 4.9% year over year and beat estimates by $630 million. Q4 GAAP EPS
As a result of the Covid-19 pandemic increasing costs and delaying recovery in international markets, McDonald's Corp. (MCD) reported disappointing fourth-quarter and full-year 2020 earnings before the opening bell on Thursday.
The iconic Chicago-based fast-food chain posted adjusted earnings of $1.70 per share for the quarter, missing Refinitiv's estimates of $1.78. Net income of $1.38 billion was down from $1.57 billion a year ago on the back of higher restaurant closing costs and lower gains on the sales of restaurant businesses.
Revenue for the three months ended Dec. 31 declined 2% from the prior-year quarter to $5.31 billion, shy of
U.S. stocks were in the green on Tuesday morning, with investors positive on news about additional fiscal stimulus. The Dow gained 0.70% to 30,929, the S&P 500 index jumped 0.70% to 3,788 and the Nasdaq Composite Index was up 0.79%, to 12,903.
• Occidental Petroleum Corporation (OXY) +2.3%
• Akamai Technologies, Inc. (AKAM) +0.53%
• McDonald´s (MCD) +0.47%
• NiSource Inc. (NI) +0.3%
• NOV Inc. (NOV) -7.1%
• Peloton Interactive, Inc. (PTON) -2.4%
• FMC Corporation (FMC) -1.7%
• AutoNation, Inc. (AN) -0.6%
The main European stock markets traded mostly in
New York-based Moore Capital Management was founded by Bacon in 1986. The firm uses a global, bold macro-based approach to investing. After 30 years of operation, the hedge fund closed itself to outside investors in late 2019 and consolidated its three flagship funds into one proprietary fund. Regarding the new arrangement, Bacon wrote, "Now I am once again concentrating on my personal investment account
Hillman Capital Management, founded by Mark Hillman (Trades, Portfolio) in 1998, has reported its portfolio for the third quarter of 2020. The firm added several new companies to the portfolio and sold out of holdings in Amazon.com Inc. (AMZN), Stericycle Inc. (SRCL) and McDonald's Corp. (MCD).
The firm seeks to invest in companies with distinct competitive advantages that have temporarily fallen out of favor for non-recurring or short-term reasons. Ideal companies will have value that is not well known or fully recognized by the public. Cash flow, dividends, sales, earnings, book value and projected growth rates are
Digging through Berkshire Hathaway's (BRK.A) (BRK.B) third-quarter 10-Q form, I uncovered some interesting insights into Warren Buffett (Trades, Portfolio)'s stock trading activity this year. Of course, we will not know the details of his trades until the 13F is released in the upcoming weeks, but the 10-Q can still give us a bird's-eye view of some information.
The Oracle of Omaha has said many times in the past that when he buys a security, it's for life, but that has not been the case in 2020. This year, Berkshire has sold $28.6 billion of equity securities in
The Dow Jones Industrial Average closed at 29,157.97 on Monday with a gain of 834.57 points or 2.95%. The S&P 500 closed at 3,550.50 for a gain of 41.06 points or 1.17%. The Nasdaq Composite closed at 11,713.78 for a loss of 181.45 points or -1.53%. The VIX Volatility Index was higher at 25.75 for a gain of 0.89 points or 3.58%.
Monday's Market Movers
The S&P 500 and Dow Jones ended higher Monday after Pfizer (PFE) announced its vaccine trials in partnership with BioNTech (BNTX) were more successful than expected, showing a 90% efficacy rate.
On the earnings calendar:
McDonald's Corp. (MCD) released its third-quarter results before the opening bell on Nov. 9.
The fast-food chain's earnings and revenue surpassed Wall Street's expectations as promotions lured customers into its restaurants.
The key numbers
The international hamburger chain registered adjusted earnings of $2.22 per share, up 5% from the prior-year quarter.Revenue stood at $5.42 billion, which reflected a decline from $5.50 billion last year. Analysts had forecasted earnings of $1.90 per share on $5.4 billion in revenue.
Global comparable store sales tumbled 2.2% in the reported quarter due to poor recovery in the international operated markets. However, the metric improved
Investing in emerging market stocks is considered riskier than buying U.S. stocks for many reasons. For instance, adverse foreign exchange movements could wipe out the entire value of international investments, and developing countries in particular are prone to credit default risk as well.
Because of this increased uncertainty, investors seek higher returns from these investments to justify bearing the additional risk. Since global markets bottomed on March 23, the S&P 500 index has gained a staggering 56% through Nov. 6, and the iShares MSCI Emerging Markets ETF (EEM) has also replicated this movement by appreciating 56%.
There is nothing between
Investors often spend a considerable amount of time looking for the "next big thing." Indeed, a couple of stocks of such businesses (if bought at a reasonable or even a bit premium price) could be far more sufficient to make them lifetime wealth. Consider what Coca-Cola (KO) and American Express (AXP) have accomplished for the Oracle of Omaha.
In retrospect, it is not difficult to learn that most (if not all) of these ultra-rare companies, in their early days, possessed a formidable economic moat, robust business economics and a massive growth runway to deploy capital for decades.
When it comes
One way to take advantage of market volatility is to maintain a watchlist of stocks that you want to buy. I maintain a watchlist of stocks I own and those I'd consider buying at the right price. In this article, I will discuss four stocks currently near the top of my watchlist.
McDonald's Corp. (MCD) is one of the largest quick service restaurants chains in the world. The company has operations in more than 100 countries and more than 39,000 stores worldwide. More than 90% of stores are run by franchisees. Slightly less than two-thirds of revenue and more
With the Covid-19 pandemic still raging in many countries, McDonald's Corp. (MCD) is feeling the pain. Its earnings reports for the first quarter of 2020 and the first half of the year featured a lot of negative numbers.
Real relief likely is still some time away, but if we were to ask about investing for the longer term, say five to 10 years out, then we might be more bullish. Let's start with this 10-year price chart:
By including the trend line, we find the price has grown an average of 10.84%
The S&P 500 index saw its trailing 12-month earnings per share increase by approximately 7.2% per annum over the past five years through the end of 2019. The share price of the index hit $3,373.43 at close on Thursday, gaining 61.3% over the past five years through Aug. 13.
Thus, investors may be interested in McDonald's Corp (MCD), Jack In The Box Inc (JACK) and ManpowerGroup Inc (MAN), as these stocks have increased their earnings per share (EPS) without non-recurring items (NRI) at a rate of more than 7.2% per year over the past five years.
As restaurants continue to struggle amidst the pandemic, giants like McDonald’s (MCD), Starbucks (SBUX) and Dunkin’ Brands (DNKN) have announced the planned closure of hundreds of locations across the United States.
According to a report by CNBC, restaurant transactions have plateaued in recent weeks without returning to expected levels. Quick-service restaurants, such as fast-food chains, have seen their transactions hovering 10% lower than seen the year prior. Full-service restaurant chains have been hit even harder, with transactions settling 20% lower year over year.
The continuing slump in sales has prompted these companies to shutter struggling locations and end certain partnerships.
The Dow Jones Industrial Average closed at 26,379.28 on Tuesday with a loss of 205.49 points or -0.77%. The S&P 500 closed at 3,218.44 for a loss of 20.97 points or -0.65%. The Nasdaq Composite closed at 10,402.09 for a loss of 134.18 points or -1.27%. The VIX Volatility Index was higher at 25.44 for a gain of 0.70 points or 2.83%.
Tuesday’s market movers
U.S. indexes ended lower Tuesday as investors digested earnings releases and looked ahead to activity later in the week.
Earnings highlights included:
- Advanced Micro Devices (AMD): Revenue of $1.93 billion increased 26.1% year over
Shares of McDonald’s Corp. (MCD) traded approximately 2% lower on Tuesday on the company’s announcement that revenues for the second quarter plunged over 30% year over year on coronavirus-driven lockdowns.
For the quarter ending June 30, the Chicago-based fast-food chain reported net income of $483.8 million, or 65 cents in earnings per share, compared with net income of $1.517 billion, or $1.97 in earnings per share, in the prior-year quarter. Adjusted earnings of 66 cents per share underperformed the Refinitiv consensus estimate by 8 cents per share.
Coronavirus pandemic eats away 30%
McDonald’s Corp. (MCD) released its second-quarter 2020 results before the opening bell on July 28.
The fast-food chain’s revenue met Wall Street’s expectations, while earnings fell short of estimates.
By the numbers
The international hamburger chain registered second-quarter earnings of $0.66 per share, down from the prior-year quarter. Revenue stood at $3.77 billion, which reflected a decline from $5.41 billion last year. Analysts had forecasted EPS of $0.74 per share on $3.68 billion in revenue.
Global comparable store sales tumbled 23.9% in the reported quarter, but improved month-to-month through the quarter.
In a statement, President and CEO Chris Kempczinski commented
The Dow Jones Industrial Average closed at 27,005.84 on Wednesday with a gain of 165.44 points or 0.62%. The S&P 500 closed at 3,276.02 for a gain of 18.72 points or 0.57%. The Nasdaq Composite closed at 10,706.13 for a gain of 25.76 points or 0.24%. The VIX Volatility Index was lower at 24.41 for a loss of 0.43 points or -1.73%.
Wednesday’s Market Movers
Pfizer and BioNTech received a $1.95 billion order from the U.S. government for the partnership’s Covid-19 vaccine. Pfizer led gains for the day, up nearly 5% and contributing to the Dow’s return for the day.
On Monday, PepsiCo (PEP) reported its financial results for the second quarter of fiscal 2020.
For the quarter, organic revenues declined marginally, with a 5% increase in the company’s snacks business due to overall category growth and market share gains offset by a 7% decline in the beverages business due to headwinds in convenience stores (C-stores) and other high-margin away-from-home channels (most notably foodservice). This decline followed a strong result in the first quarter (organic revenues +8%), with year to date organic revenues at PepsiCo up 3%.
Growth in the quarter and through the first half of the fiscal
Earlier this year, a major global food and agriculture company announced the launch of private-label plant-based meat products, which will help retail food and foodservice businesses more easily capture a share of the growing plant-based protein market.
That said, the company has also invested $7 billion in animal protein over the past five years, which it says reflects the importance of keeping all protein options on the table.
This dichotomy illustrates the conundrum facing investors seeking to stay atop consumer trends on the food industry. In our opinion, plant-based protein is not a fad, but it likely won’t materially change