McDonald's (MCD) Raises Quarterly Dividend 3.2% to $1.29; 2.3% Yield
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McDonald's (MCD) PT Raised to $246 at Truist Securities on SSS Momentum
October 8, 2020 12:15 PM EDTTruist Securities analyst Jake Bartlett raised the price target on McDonald's (NYSE: MCD) to $246.00 (from $212.00) while maintaining a Buy rating.
The analyst commented, "MCD's stronger than expected 3Q20 SSS (-2.2% vs. our -3.0% est. and cons. of -4.5%), give us confidence that... More
McDonald's (MCD) announces Q3 comparable sales of 4.6% in the U.S.
October 8, 2020 7:59 AM EDTMcDonald's (NYSE: MCD) announced:
"Our third quarter performance demonstrates the underlying resilience of the McDonald's brand. Our unique strengths, including our unrivaled drive-thru presence around the world, advanced delivery and digital capabilities, and marketing scale have become even more important during the pandemic. Our prior investments in these areas position us to further our competitive advantage and enable restaurant crew to continue to safely provide customers our great tasting food," said McDonald's President and Chief Executive Officer Chris Kempczinski. "Today's dividend increase reflects our strong financial position and represents continued confidence in our... More
