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McDonald’s is working to regain customers who reduced their visits following an E. coli outbreak disclosed on October 22. While the majority of diners continued to frequent the chain, a small number have stayed away, according to Joe Erlinger, president of McDonald's US.
Anthony Scaramucci, the hedge-fund manager, humorously suggested he owes Donald Trump a Christmas gift due to the surge in Bitcoin's price following Trump's re-election. He remarked that a gift card to McDonald's might be appropriate, reflecting his complex feelings about his former ally.
Wells Fargo raised its price target on McDonald's from $285 to $350, maintaining an "overweight" rating, while Loop Capital reiterated a "buy" rating. McDonald's stock recently traded at $295.08, with a 50-day moving average of $299.96 and a market cap of $211.46 billion. The company reported a quarterly EPS of $3.23, exceeding estimates, and declared a dividend of $1.77 per share, reflecting a 2.40% yield.
McDonald’s Corp. is set to launch a revamped value menu in the U.S. on January 7, aiming to attract budget-conscious diners. The new McValue menu will feature a $5 Meal Deal and a “Buy One, Add One for $1” offer, allowing customers to mix and match items.
McDonald's is set to launch a "McValue" offering in 2025, maintaining its $5 value meal and introducing a "buy one add one" option for $1 more. This initiative aims to retain customers amid rising restaurant costs, despite a recent decline in same-store sales and challenges from an E. coli outbreak linked to slivered onions. The company plans to invest over $100 million to support affected franchisees and enhance marketing efforts.
McDonald’s has ignited speculation with a cryptic teaser video hinting at either a return of all-day breakfast or a collaboration with the Doodles NFT project. Following the post, Doodles NFT trading volume surged by 565%, and its floor price increased by 33%, showcasing the significant impact of major brands on the NFT market. Fans eagerly await the official announcement on November 18.
McDonald’s has made its first deal in the Swiss Franc market since 2016, tapping into a busy financial environment. This move marks a significant return for the fast-food giant to the Swiss market, indicating renewed confidence in its financial strategies.
Wendy’s is leveraging Palantir Technologies' AI capabilities to enhance its supply chain management, ensuring readiness for increased demand from promotions like the $1 Frosty. This strategy aims to attract customers away from larger competitors such as McDonald’s.
The upcoming US elections are shaping up to be a dramatic spectacle, with both Donald Trump and Kamala Harris facing significant challenges. Despite Biden's struggles with inflation and immigration, the Democrats find renewed hope, while Trump's popularity fluctuates amid financial setbacks. Regardless of the outcome, American democracy remains resilient, and the anticipated apocalypse is unlikely to materialize.
UBS has upgraded Pfizer to a 'Neutral' rating with a target price of $31, while Goldman Sachs and Jefferies have raised their targets to $33, recommending a 'Buy' rating. The pharmaceutical company has seen a sales increase due to a Covid-19 wave, prompting a positive outlook.
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