Last $99.84 USD
Change Today +0.71 / 0.72%
Volume 4.8M
MCD On Other Exchanges
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As of 8:04 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

mcdonald's corp (MCD) Snapshot

Open
$99.52
Previous Close
$99.13
Day High
$100.10
Day Low
$99.13
52 Week High
05/3/13 - $103.34
52 Week Low
02/5/14 - $92.22
Market Cap
98.7B
Average Volume 10 Days
5.9M
EPS TTM
$5.51
Shares Outstanding
989.0M
EX-Date
02/27/14
P/E TM
18.1x
Dividend
$3.24
Dividend Yield
3.17%
Current Stock Chart for MCDONALD'S CORP (MCD)

mcdonald's corp (MCD) Details

McDonald’s Corporation franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company’s restaurants offer various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. As of December 31, 2013, it operated 35,429 restaurants, including 28,691 franchised and 6,738 company-operated restaurants. The company was founded in 1940 and is based in Oak Brook, Illinois.

440,000 Employees
Last Reported Date: 02/24/14
Founded in 1940

mcdonald's corp (MCD) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.2M
Chief Financial Officer and Corporate Executi...
Total Annual Compensation: $765.0K
Chief Operating Officer
Total Annual Compensation: $770.8K
President of McDonald's Europe
Total Annual Compensation: $566.0K
President of Asia/Pacific, Middle East and Af...
Total Annual Compensation: $507.5K
Compensation as of Fiscal Year 2013.

mcdonald's corp (MCD) Key Developments

McDonald's Corp. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Sales Guidance for the Month of April 2014

McDonald's Corp. reported consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues were $6,700.3 million against $6,605.3 million a year ago. Operating income was $1,936.0 million against $1,949.5 million a year ago. Net income was $1,204.8 million or $1.21 per diluted share against $1,270.2 million or $1.26 per diluted share a year ago. Income before provision for income taxes was $1,783.3 million against $1,816.8 million a year ago. Top-line results for the quarter reflected negative comparable guest traffic amid challenging industry dynamics and severe winter weather. As the company begin the second quarter, global comparable sales for the month of April are expected to be modestly positive.

McDonald's Announces Executive Changes

McDonald's President and Chief Executive Officer Don Thompson announced that Chief Operating Officer Tim Fenton, 56, has decided to retire from McDonald's Corp., effective October 1, 2014. He will continue to serve as COO during a brief transition period, and thereafter, as a Special Advisor to Thompson focused on global franchising, restaurant portfolio optimization and other strategic business initiatives. Upon notification of Fenton's retirement, the Board of Directors approved several reporting structure changes designed to continue driving McDonald's business for the long-term. McDonald's Area of the World presidents, responsible for the operations of McDonald's 35,000 restaurants worldwide, will now report directly to Thompson. The company will not replace the COO role, but will broaden responsibilities for two senior leaders. Pete Bensen, 51, Executive Vice President and Chief Financial Officer, will assume oversight for Worldwide Supply Chain, Development and Franchising functions. Steve Easterbrook, 46, Executive Vice President and Global Chief Brand Officer, will assume oversight for the Restaurant Solutions Group; Corporate Strategy; and the Global CSR, Sustainability and Philanthropy department. The Board has elected Bensen and Easterbrook Senior Executive Vice Presidents.

McDonald's Workers File Multiple Class-Action Lawsuits Alleging Widespread Wage Theft

Attorneys representing McDonald's workers in California, Michigan and New York filed class action lawsuits in federal and state courts claiming the company is systematically stealing employees' wages by forcing them to work off the clock, shaving hours off their time cards, and not paying them overtime, among other practices. The suits which were filed demand McDonald's pay back these wages and stop its illegal theft of workers' pay. In three California suits, workers claim that McDonald's and its franchise owners failed to pay them for all time worked, failed to pay proper overtime, altered pay records and deprived them of timely meal periods and rest breaks. A fourth case makes similar claims on behalf of a statewide class of workers in McDonald's corporate-owned restaurants, who are adding their claims to a lawsuit for unpaid wages, penalties, and other relief that is already pending against McDonald's in Los Angeles Superior Court. In two Michigan suits, filed against McDonald's Corp., its U.S. subsidiary and two Detroit-area franchisees, workers assert McDonald's regularly forces workers to show up for work at a scheduled time but then has them wait without pay until the store gets busy enough, and that it routinely violates minimum wage laws. The suits contend that, using McDonald's franchisor standards and corporation-provided software, McDonald's franchisees closely monitor the ratio of labor costs to revenues. When it exceeds a corporate-set target, managers tell workers arriving for their shifts to wait for up to an hour to clock in, and sometimes direct workers who have already clocked in for scheduled shifts to clock out for extended breaks until the target ratio is again achieved. Workers are not paid for these wait times, and McDonald's Corporation knowingly tolerates this practice, in violation of federal labor law. The suits also allege that McDonald's forces its low-paid workers to buy their own uniforms. Because McDonald's restaurants pay at or near the minimum wage, this drives some workers' real wages below the legal minimum, in violation of federal labor law. The case filed in New York federal court seeks to redress McDonald's blatant failure to compensate and reimburse workers at its New York stores for the time and cost of cleaning uniforms--which McDonald's requires them to wear and to keep clean. The plaintiffs contend that McDonald's failure to reimburse employees for uniform cleaning violates the New York state requirement to pay workers weekly for uniform maintenance and often also violates both federal and state minimum wage laws.

 

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Industry Analysis

MCD

Industry Average

Valuation MCD Industry Range
Price/Earnings 18.0x
Price/Sales 3.5x
Price/Book -- Not Meaningful
Price/Cash Flow 17.8x
TEV/Sales -- Not Meaningful
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