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MCD

McDonald's

$115.41

0.7 (0.61%)

16:16
10/13/16
10/13
16:16
10/13/16
16:16

McDonald's sees Q3 pretax charges of approximately $130M

McDonald's announced that for the quarter ended September 30, the company expects to incur approximately $130M in pretax charges, or about 12c per share on an after-tax basis, consisting of restructuring and non-cash impairment charges related to its global G&A and refranchising initiatives. These initiatives were outlined in November 2015, including plans to refranchise 4,000 restaurants by the end of 2018 and a net G&A savings target of $500M, the vast majority of which is expected to be realized by the end of 2017. Going forward, the company expects to incur additional strategic charges in connection with these ongoing initiatives.

  • 21

    Oct

MCD McDonald's
$115.41

0.7 (0.61%)

09/07/16
BUCK
09/07/16
NO CHANGE
BUCK
Chipotle probably won't be bought by McDonald's, says Buckingham
Buckingham analyst John Zolidis says he's been asked "more than once" if Chipotle could be acquired by McDonald's. The analyst says that Chipotle would provide McDonald's with "a growth vehicle," as McDonald's could accelerate Chipotle's international expansion and use its expertise to convert the burrito chain to a franchised model. However, the analyst says there is little chance of such a deal occurring. Additionally, after an investor announced a 10% stake in Chipotle last night, the analyst does not think there's a clear path to unlocking shareholder value in Chipotle. However, he continues to expect Chipotle's sales to rebound to levels that are similar to those it had before its food safety issues. He reiterates a $547 price target and Buy rating.
09/14/16
JPMS
09/14/16
NO CHANGE
JPMS
JPMorgan says buy three restaurant stocks after recent weakness
JPMorgan analyst John Ivankoe recommends using recent volatility to buy McDonald's (MCD), Starbucks (SBUX) and Yum! Brands (YUM), but not Chipotle Mexican Grill (CMG). On Chipotle, the analyst recommends using meaningful price weakness, closer to or below $400, to accumulate the shares.
09/15/16
FBCO
09/15/16
NO CHANGE
Target $132
FBCO
Outperform
McDonald's SSS checks sluggish but stable, says Credit Suisse
Credit Suisse analyst Jason West said US franchise same-store-sales checks remained sluggish in July and August and are likely running in the +1-2% range, inline with investor expectations. West expects same-store-sales to be flat to slightly down in Q4 due to difficult comps but believes investors are already pricing in a weak Q4 for the US business. The analyst continues to view McDonald's defensive characteristics as attractive in the current environment and its discounted valuation relative to peers as unwarranted. West reiterates his Outperform rating and $132 price target on McDonald's shares.
10/10/16
TLSY
10/10/16
INITIATION
Target $130
TLSY
Outperform
McDonald's initiated with an Outperform at Telsey Advisory
Telsey Advisory analyst Robert Derrington initiated McDonald's with an Outperform and a $130 price target.

TODAY'S FREE FLY STORIES

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General news
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OCLR

Oclaro

$9.72

-1.25 (-11.39%)

20:45
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Conference/Events
Oclaro management to meet with Jefferies »

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GMS

GMS Inc.

$29.79

-0.52 (-1.72%)

20:32
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Syndicate
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    Feb

APA

Apache

$54.91

-0.98 (-1.75%)

, HRL

Hormel Foods

$37.30

-0.3 (-0.80%)

20:25
02/22/17
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20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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APA

Apache

$54.91

-0.98 (-1.75%)

HRL

Hormel Foods

$37.30

-0.3 (-0.80%)

KSS

Kohl's

PF

Pinnacle Foods

$54.63

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CHK

Chesapeake

$5.92

-0.16 (-2.63%)

CNK

Cinemark

$43.39

0.51 (1.19%)

AMCX

AMC Networks

$57.50

-0.19 (-0.33%)

W

Wayfair

$41.26

1 (2.48%)

SFM

Sprouts Farmers Markets

$19.00

-0.32 (-1.66%)

TREE

LendingTree

$112.15

-1.45 (-1.28%)

TXMD

TherapeuticsMD

$5.67

0.08 (1.43%)

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FIT

Fitbit

$5.88

-0.16 (-2.65%)

20:14
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20:14
Hot Stocks
Fitbit CEO says early adopter segment saturated, says exploring new form factors »

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SQ

Square

$15.04

0.41 (2.80%)

19:57
02/22/17
02/22
19:57
02/22/17
19:57
Upgrade
Square rating change  »

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FIT

Fitbit

$5.88

-0.16 (-2.65%)

19:50
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Fitbit says paid $23M for Pebble assets »

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SBUX

Starbucks

$57.57

0.03 (0.05%)

19:34
02/22/17
02/22
19:34
02/22/17
19:34
Hot Stocks
Market researcher: Starbucks consumer perception dips after refugee hiring news »

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  • 22

    Mar

LB

Labarge

$58.13

0.43 (0.75%)

19:33
02/22/17
02/22
19:33
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19:33
Hot Stocks
L Brands sees Q1 comps down high-single to low-double digits »

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  • 23

    Feb

LB

Labarge

$58.13

0.43 (0.75%)

19:32
02/22/17
02/22
19:32
02/22/17
19:32
Hot Stocks
L Brands sees FY17 comps down low-single digits »

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  • 23

    Feb

F

Ford

$12.67

-0.02 (-0.16%)

19:30
02/22/17
02/22
19:30
02/22/17
19:30
Conference/Events
Ford to host sales conference call »

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  • 01

    Mar

GTLS

Chart Industries

$38.51

-1.21 (-3.05%)

19:27
02/22/17
02/22
19:27
02/22/17
19:27
Hot Stocks
Chart Industries CEO Samuel Thomas named executive chairman »

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TSLA

Tesla

$273.51

-3.88 (-1.40%)

19:24
02/22/17
02/22
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Periodicals
SolarCity leased with risky homeowners, has ties to foreclosure cases, NYT says »

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  • 22

    Feb

PRU

Prudential

$110.50

-0.72 (-0.65%)

, WFC

Wells Fargo

$58.36

0.11 (0.19%)

19:16
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Hot Stocks
Prudential says could seek compensation from Wells Fargo over MyTerm products »

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PRU

Prudential

$110.50

-0.72 (-0.65%)

WFC

Wells Fargo

$58.36

0.11 (0.19%)

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PSA

Public Storage

$226.24

-1.49 (-0.65%)

19:15
02/22/17
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19:15
Earnings
Public Storage reports Q4 core FFO $2.65, consensus $1.89 »

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  • 23

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CS

Credit Suisse

$15.35

-0.13 (-0.84%)

19:10
02/22/17
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Periodicals
Credit Suisse probed for potentially aiding tax evasion, WSJ says »

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  • 06

    Mar

LZB

La-Z-Boy

$28.40

-1.05 (-3.57%)

19:09
02/22/17
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19:09
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19:09
Downgrade
La-Z-Boy rating change  »

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  • 22

    Feb

CLD

Cloud Peak

$5.68

-0.19 (-3.24%)

19:06
02/22/17
02/22
19:06
02/22/17
19:06
Syndicate
Cloud Peak 13.5M share Spot Secondary priced at $5.10 »

Credit Suisse, JPMorgan…

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  • 23

    Feb

SNAP

Snap Inc

18:47
02/22/17
02/22
18:47
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18:47
Periodicals
Snap Inc nears $200M ad deal, NY Post says »

Snap Inc is close to…

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  • 02

    Mar

SBLK

Star Bulk Carriers

$9.59

0.29 (3.12%)

18:40
02/22/17
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18:40
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Earnings
Star Bulk Carriers reports Q4 EPS (29c), consensus (28c) »

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  • 23

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C

Citi

$60.62

0.07 (0.12%)

18:35
02/22/17
02/22
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18:35
Periodicals
Citi forms regulatory affairs team in D.C., Bloomberg says »

Citi is forming a global…

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  • 27

    Feb

  • 27

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PRAH

PRA Health

$59.98

-0.71 (-1.17%)

18:34
02/22/17
02/22
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Earnings
PRA Health sees FY17 EPS $3.08-$3.18, consensus $2.96 »

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  • 23

    Feb

FGL

Fidelity & Guaranty Life

$26.30

-0.1 (-0.38%)

, ATH

Athene Holding

$51.45

0.38 (0.74%)

18:32
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Periodicals
Fidelity & Guaranty Life revives sale process, Insurance Insider says »

Fidelity & Guaranty…

FGL

Fidelity & Guaranty Life

$26.30

-0.1 (-0.38%)

ATH

Athene Holding

$51.45

0.38 (0.74%)

APO

Apollo Global

$22.25

0.05 (0.23%)

03/08/13
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  • 22

    Feb

  • 22

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PRAH

PRA Health

$59.98

-0.71 (-1.17%)

18:31
02/22/17
02/22
18:31
02/22/17
18:31
Earnings
PRA Health sees Q1 EPS 57c-62c, consensus 67c »

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  • 23

    Feb

NBR

Nabors Industries

$15.44

0.01 (0.06%)

18:30
02/22/17
02/22
18:30
02/22/17
18:30
Earnings
Nabors Industries reports Q4 EPS ($1.17) with items »

Q4 EPS includes 87c in…

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