McDonald's (MCD) Keeping Closed Lips on Bagged Coffee Rumor
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Price: $236.50 -0.22%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.3%
EPS Growth %: +5.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.3%
EPS Growth %: +5.3%
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Last month McDonald’s (NYSE: MCD) filed for a trademark to use its name for ground and whole-bean coffee. This has led some investors to speculate that the company is considering selling its coffee in grocery stores along side Dunkin’ Donuts (Nasdaq: DNKN) and Starbucks (Nasdaq: SBUX).
In an email exchange with Bloomberg, Danya Proud, McDonald’s spokeswoman, declined to comment and called the idea "speculative".
In an email exchange with Bloomberg, Danya Proud, McDonald’s spokeswoman, declined to comment and called the idea "speculative".
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