UPDATE: McDonald's (MCD) Pares Earlier Gains; Sees Potential for Credit Downgrade Amid New Debt Plans

Go back to UPDATE: McDonald's (MCD) Pares Earlier Gains; Sees Potential for Credit Downgrade Amid New Debt Plans

McDonald's (MCD) Holds Investor Event; UBS Raises Price Target to $125

November 11, 2015 9:37 AM EST

UBS reiterated a Buy rating on McDonald's (NYSE: MCD), and raised the price target to $125.00 (from $122.00), following the company's investor event. While a permanent value plan was not provided, it appears a plan is coming and will include periods of national value focus as well as a regional... More

McDonald's (MCD) PT Bumped to $125 at RBC Capital Following Investor Day; Returns Set to Improve

November 11, 2015 6:57 AM EST

RBC Capital analyst David Palmer reiterated an Outperform rating and boosted his price target on McDonald's (NYSE: MCD) to $125.00 (from $120.00) following yesterday's Investor Day.

"We raise our price target based largely on our increased estimates and expected ROIC improvement," Palmer said. "The company's announcements were largely in line with our prior assumptions. And we were... More

McDonald's (MCD) PT Raised to $128 at Credit Suisse Post Investor Day

November 11, 2015 6:26 AM EST

Credit Suisse analyst J. West reiterated an Outperform rating and boosted his price target on McDonald's (NYSE: MCD) to $128.00 (from $118.00) following the company's investor day.

West commented, "We came away from MCD's Investor Day still positive on the near-term and long-term outlook... More

UPDATE: S&P Cuts McDonald's (MCD) to 'BBB+'; Notes Increased Leverage on Sharply Higher Debt Load for 2016

November 10, 2015 2:50 PM EST

(Updated - November 10, 2015 2:56 PM EST)

Standard & Poor's Ratings Services lowered all of its ratings, including the corporate credit rating, on McDonald's Corp. (NYSE: MCD) to 'BBB+' from 'A-'. The outlook is stable. The commercial paper rating remains 'A-2'.

The downgrade reflects our assessment of the higher leverage from the sharply higher debt load planned in 2016 to return an additional $10 billion of cash to shareholders by the end of next year. Overall, we believe this approach marks a significant and rapid shift in financial policy for the... More

McDonald's (MCD) sees returning all free cash to investors over the long term - Investor Meeting

November 10, 2015 2:06 PM EST

McDonald's (NYSE: MCD) sees returning all free cash to investors over the long term, according to the company's Investor Meeting.

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McDonald's (MCD) Resumes Trading

November 10, 2015 1:41 PM EST

McDonald's (NYSE: MCD) Resumes Trading

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McDonald's (MCD) Raises Quarterly Dividend 4.7% to $0.89; 3.2% Yield

November 10, 2015 1:34 PM EST

McDonald's (NYSE: MCD) declared a quarterly dividend of $0.89 per share, or $3.56 annualized. This is a 4.7% increase from the prior dividend of $0.85.

The dividend will be payable on December 15, 2015, to stockholders of record on December 1, 2015, with an ex-dividend date of November 27,... More

McDonald's (MCD) Say It's Raising Dividend By 5%

November 10, 2015 1:29 PM EST

McDonald's (NYSE: MCD) Say It's Raising Dividend By 5%

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McDonald's (MCD) Says It's Not Pursuing REIT; to Raise Dividend 5%

November 10, 2015 1:12 PM EST

(Updated - November 10, 2015 1:31 PM EST)

(Updated - November 10, 2015 1:16 PM EST)

McDonald's (NYSE: MCD) said at its investor meeting that it is not pursuing a REIT structure. The company sees reducing G&A by $500 million and it is committed to reducing expenses.

During the Company's investor meeting today, McDonald's Corporation President and Chief Executive Officer Steve Easterbrook and members of senior management provided an update on the Company's Turnaround Plan and made the following... More

McDonald's (MCD) Halted Ahead of Investor Meeting at 1pm ET

November 10, 2015 12:58 PM EST

McDonald's (NYSE: MCD) Halted Ahead of Investor Meeting at 1pm ET (link).

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UPDATE: McDonald's (MCD) Halted Ahead of investor Day Meeting

November 10, 2015 12:56 PM EST

(Updated - November 10, 2015 12:58 PM EST)

McDonald's (NYSE: MCD) halted with news pending.

Shares are halted ahead of the company's Investor Day meeting today. More info can be found here.

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