|Bid||209.05 x 800|
|Ask||209.50 x 1400|
|Day's range||208.67 - 213.27|
|52-week range||162.90 - 221.93|
|Beta (3Y monthly)||0.33|
|PE ratio (TTM)||27.45|
|Earnings date||22 Oct 2019|
|Forward dividend & yield||5.00 (2.35%)|
|1y target est||233.21|
Keurig (KDP) gains from acquisition and partnership strategy as well as efforts to launch innovative products and enhance supply-chain facilities. This should support growth.
Grubhub's (GRUB) expanding partner base and aggressive acquisition strategy are likely to help it effectively counter stiff competition from DoorDash, Uber and Waitr.
Starbucks' (SBUX) solid global footprint, successful innovations, best-in-class loyalty program and digital offerings are encouraging.
Domino’s Pizza reported a miss on both the top and bottom lines during its third quarter, and same-store sales, a key industry metric, also missed expectations.
Cowen restaurant analyst Andrew Charles said it may cost Wendy’s $250 million total in 2020 and 2021 to launch its national breakfast program.
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The S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday after data showed U.S. factory activity shrank in September to its weakest in over a decade, ratcheting up fears that the U.S.-China trade war is hobbling the world's largest economy. The S&P industrials index dropped 2.4%, the most among the 11 major S&P sectors. "This is a bad number, fitting in with the world’s manufacturing recession," Jim Bianco, head of Bianco Research in Chicago, said of the ISM report.
Investors should think about buying dividend-paying stocks from companies with stable and growing businesses. Today, we found three such stocks utilizing our Zacks Stock Screener...
Beyond Meat starts its test run in 28 McDonald's outlets in Canada today. The fast-food giant plans to test the P.L.T. burger for 12 weeks.
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McDonald's (MCD) goes for a new plant-based burger trial in collaboration with Beyond Meat to introduce P.L.T., (Plant. Lettuce. Tomato.).
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Scores of local government officials from 31 U.S. states pressured McDonald's Corp's on Thursday to do a better job of protecting workers from groping, obscene comments and other forms of sexual harassment, adding their voices to an employee-led campaign that has seen walkouts at several stores. In a letter to CEO Steve Easterbrook, 115 mayors, commissioners, city councilors and school board members asked McDonald's to meet with workers, hear their stories and together craft tougher policies to effectively stamp out harassment. Members of the U.S. Congress have written similar letters and employees have ratcheted up pressure on McDonald's at a time that the chain and other fast food restaurants have struggled to find and retain enough staff.
(Bloomberg) -- McDonald’s Corp. has selected Beyond Meat Inc.’s faux-meat patties for a plant-based burger test in Canada. But the real prize will be the fast-food giant’s roughly 14,000 locations in its home market, and that race is still anybody’s game.The restaurant chain said it will sell the new product, featuring a patty crafted exclusively for McDonald’s, at 28 restaurants in Ontario during a three-month trial run.The new sandwich will be assessed to “learn more about real-world implications of serving the P.L.T,” which stands for plant, lettuce and tomato. “During this test, we’re excited to hear what customers love about the P.L.T. to help our global markets better understand what’s best for their customers,” Ann Wahlgren, McDonald’s vice president of global menu strategy, said in a statement.Shares of Beyond Meat surged as much as 16% to $160.60 on Thursday -- the most in more than three monhts. McDonald’s rose 1% to $214.72.U.S. PrizeThe question now is whether a successful Canadian test run could portend a similar tie-up in the U.S., McDonald’s biggest market and the ultimate goal for imitation-meat companies. Rival Burger King has picked the faux-meat market’s other prominent startup, Impossible Foods Inc., for a veggie burger in the U.S. Meanwhile, McDonald’s -- and its massive supply chain -- appears to be taking a more measured approach to choosing a vegan patty brand in the U.S.“McDonald’s is an enormous company, and the U.S. such a big market, that they’re taking their time in deciding which is best for them,” said Alain Oberhuber, an analyst at MainFirst Bank. “We have yet to see which brands will do better in retail, and who knows, there may be another big player entering the game. McDonald’s is taking a wait-and-see approach.”A spokeswoman for the company declined to say Thursday whether McDonald’s was close to selecting a supplier for a similar U.S. product.“This test allows us to learn more about real-world implications, including customer demand, customer experience, the restaurant logistics of cooking and serving this product to guests, the supply chain logistics of making this product available, and other important information that may inform future decisions,” spokeswoman Lauren Altmin said in an email.Don Thompson, a former McDonald’s chief executive officer, is an investor in Beyond Meat and has been on its board since 2015.German SupplierMcDonald’s announcement about the Canadian test run comes a day after Nestle SA started shipping a new plant-based burger to U.S. supermarkets. The U.S. fast-food company previously selected Nestle for the launch of a meatless burger in Germany. McDonald’s has also opened vegetarian restaurants in India.“The burger chain used Nestle in Germany, and due to their scale seem like the most likely candidate to supply McDonald’s U.S.,” said Bloomberg Intelligence analyst Michael Halen. Nestle declined to comment.McDonald’s will not be advertising the P.L.T. in Canada as vegan, even though the patty is made with plant-based protein. That’s because the standard P.L.T. contains non-vegan ingredients like processed cheddar and mayonnaise-style sauce.“As always, guests can customize and request to hold the cheese and mayo, or any ingredients. However, the patty will be cooked on the same grill as other burgers, meat-based products, and eggs,” Altmin said.The same is true at several rival chains, including Burger King, where employees cook their vegan patties on the same broilers as regular burgers and chicken unless a customer asks for it to be prepared separately.Will Slabaugh, an analyst at Stephens, said he doesn’t expect a “full-blown alternative beef rollout in the U.S. in the near term” because of McDonald’s complex supply chain. An alternative chicken product is more likely in the next two years, he said, something “we would view as more novel and a likely larger sales driver.”(Updates share trading and adds analyst comment in final paragraph)To contact the reporters on this story: Marthe Fourcade in Paris at firstname.lastname@example.org;Corinne Gretler in Zurich at email@example.comTo contact the editors responsible for this story: Eric Pfanner at firstname.lastname@example.org, Anne Riley Moffat, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The world's largest burger chain joins Tim Hortons, KFC and Dunkin' Brands in moving ahead with versions of a plant-based addition to their menus using Beyond Meat's patties. Shares of Beyond Meat, which have roughly tripled in value since the company's listing on the stock market in May, surged 17% in early trading, while those of McDonald's were up marginally. The new PLT sandwich, which the company said was without artificial colors, flavors or preservatives, will be priced at C$6.49 plus tax and will be sold in 28 restaurants in southwestern Ontario, Canada from Monday.
Investing.com – Wall Street fell on Thursday, as investors digested fresh developments related to a formal impeachment inquiry into President Donald Trump.