McDonald’s Leads Fast Food Stocks Higher

McDonald’s Corporation (NYSE:MCD) reported sales numbers for October, and the fast food giant delivered. Global sales were up 5.5% fuelled by growth of 6.1 % in the Asia/Pacific, Middle East and Africa segment, 5.2% in the U.S., and 4.8% in Europe. “McDonald’s Plan to Win continues to deliver strong global comparable sales increases,” said McDonald’s (NYSE:MCD) Chief Executive Officer Jim Skinner. “The ongoing strength of our results reflects the power of our customer-focused plan, supported by actions that enhance the relevance of the Brand.”

U.S. growth was driven by customers returning for “classic core favorites, relevant new products and compelling value.” Game promotions and featured products added to customer appeal. Europe benefited from “locally-relevant menu choices, promotional food events, everyday value options and reimaged restaurants that are more convenient and accessible.” In Asia and Africa results improved due to “convenience, unique day part value platforms, and a balance of core and local offerings.”

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Here’s how fast food stocks are trading on the news:

  • McDonald’s Corp. (NYSE:MCD): The shares recently traded at $95.30, up $0.68, or 0.72%. Its market capitalization is $98.33 billion. They have traded in a 52-week range of $72.14 to $95.45. Volume today was 422,709 shares versus a 3-month average volume of 7,555,480 shares. The company’s trailing P/E is 18.69, while trailing earnings are $5.10 per share. The company pays a dividend of $2.80 per share for a dividend yield of 3.00%. About the company: McDonald’s Corporation operates and franchises fast-food restaurants worldwide. The Company’s franchised and company operated fast food restaurants offer a variety of low price fast foods in locations around the world. Get the most recent company news and stock data here >>
  • Yum! Brands, Inc. (NYSE:YUM): The shares recently traded at $55.08, up $0.45, or 0.82%. Its market capitalization is $25.36 billion. They have traded in a 52-week range of $46.27 to $57.75. Volume today was 89,091 shares versus a 3-month average volume of 4,904,780 shares. The company’s trailing P/E is 21.61, while trailing earnings are $2.55 per share. The company pays a dividend of $1.14 per share for a dividend yield of 2.10%. About the company: Yum! Brands, Inc, owns and franchises quick-service restaurants worldwide. The Company develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of food items. Get the most recent company news and stock data here >>
  • Wendy’s/Arby’s Group, Inc. (NYSE:WEN): The shares recently traded at $5.53, up $0.02, or 0.36%. Its market capitalization is $2.19 billion. They have traded in a 52-week range of $4.29 to $5.62. Volume today was 142,224 shares versus a 3-month average volume of 5,440,140 shares. The company’s trailing earnings are $-0.00 per share. The company pays a dividend of $0.08 per share for a dividend yield of 1.60%. About the company: Wendy’s/Arby’s Group, Inc. is a holding company. Through its subsidiaries, the Company owns, operates, and franchises fast-food restaurants in the United States. Get the most recent company news and stock data here >>
  • Chipotle Mexican Grill, Inc. (NYSE:CMG): The shares recently traded at $340.54, up $1.38, or 0.41%. Its market capitalization is $10.66 billion. They have traded in a 52-week range of $212.58 to $347.94. Volume today was 8,189 shares versus a 3-month average volume of 996,102 shares. The company’s trailing P/E is 53.04, while trailing earnings are $6.42 per share. About the company: Chipotle Mexican Grill, Inc. owns and operates quick serve Mexican restaurants. The Company operates restaurants throughout the United States. Get the most recent company news and stock data here >>
  • Panera Bread Co. (NASDAQ:PNRA): The shares recently traded at $137.05, up $1.2, or 0.88%. Its market capitalization is $4.05 billion. They have traded in a 52-week range of $91.24 to $138.58. Volume today was 7,314 shares versus a 3-month average volume of 635,132 shares. The company’s trailing P/E is 30.79, while trailing earnings are $4.45 per share. About the company: Panera Bread Company owns and franchises bakery cafes. The Company’s bakeries operate under the Panera Bread and Saint Louis Bread Co. names. Panera operates throughout the United States and offers free broadband Wi-Fi network. Get the most recent company news and stock data here >>
  • Starbucks Corp. (NASDAQ:SBUX): The shares recently traded at $44.50, up $0.27, or 0.61%. Its market capitalization is $33.20 billion. They have traded in a 52-week range of $29.45 to $44.70. Volume today was 276,521 shares versus a 3-month average volume of 8,581,700 shares. The company’s trailing P/E is 27.47, while trailing earnings are $1.62 per share. The company pays a dividend of $0.52 per share for a dividend yield of 1.20%. About the company: Starbucks Corporation retails, roasts, and provides its own brand of specialty coffee. The Company operates retail locations worldwide and sells whole bean coffees through its sales group, direct response business, supermarkets, and on the World Wide Web. Starbucks also produces and sells bottled coffee drinks and a line of ice creams. Get the most recent company news and stock data here >>

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