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

Moody's Downgrades McDonald's (MCD) Senior Unsecured Ratings to 'Baa1' Following Plans to Increase Leverage

Moody's Investors Service downgraded McDonald's Corporation's (McDonald's) (NYSE: MCD) senior unsecured ratings to Baa1 from A3 and affirmed its short term commercial paper rating at Prime-2. The downgrade reflects the company's recent announcement that it intends to increase its returns to shareholders, the vast majority of which will be funded with additional debt. Moody's views this increase as McDonald's maintaining an aggressive financial policy that will result in a material deterioration in credit metrics and limit its financial flexibility. The ratings outlook is stable.

Ratings downgraded are;

Senior unsecured notes and... More

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

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) Analyst Day Indicates More Cash Flow for Buybacks - Piper Jaffray

Piper Jaffray analyst, Nicole Regan, attended McDonald's (NYSE: MCD) analyst day and believes that current initiatives are on track to increase cash flow which will drive share buybacks over time. She projects a +1.6% global 4Q15 comp, composed of flat in the U.S., +3.0% at Intl Lead markets, +3.0% at High Growth markets and +2.0% in... More

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

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

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

(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

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

(Updated - November 10, 2015 2:30 PM EST)

(Updated - November 10, 2015 2:23 PM EST)

McDonald's (NYSE: MCD) shares are active amid additional headlines from the company's... More

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

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

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

(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