Annonce • Apr 08
McDonald's Corporation, Annual General Meeting, May 20, 2026 McDonald's Corporation, Annual General Meeting, May 20, 2026. Annonce • Feb 10
McDonald's Corporation Announces the Election of James D. Farley, Jr., to Its Board of Directors, Effective February 4, 2026 McDonald's Corporation announced the election of James D. Farley, Jr., to its Board of Directors, effective February 4, 2026. Mr. Farley currently serves as President and CEO of Ford Motor Company and sits on Ford's Board of Directors, where he is guiding the company's Ford+ transformation, a strategy centered on digital innovation, customer-centric design, and operational modernization. He brings more than 30 years of experience leading complex global organizations and transforming iconic consumer brands. He previously served as chief operating officer and president of new businesses, technology and strategy teams. Earlier in his career at Ford, Farley held leadership roles overseeing Ford Europe, Middle East, and Africa; Global Marketing, Sales & Service; the ongoing reinvention of the Lincoln brand; and Ford's operations in Canada, Mexico, and South America. Prior to Ford, he spent nearly two decades at Toyota and Lexus in brand marketing and product leadership. His election brings the Board to a total of 12 members, each contributing diverse experience and expertise that strengthen McDonald’s long-term strategic direction. Annonce • Feb 05
McDonald's Declares Quarterly Cash Dividend, Payable on March 17, 2026 McDonald's Corporation's Board of Directors declared a quarterly cash dividend of $1.86 per share of common stock payable on March 17, 2026 to shareholders of record at the close of business on March 3, 2026. Annonce • Oct 23
Mcdonald's Corporation Raises Quarterly Cash Dividend, Payable on December 15, 2025 McDonald's Corporation Board of Directors declared a quarterly cash dividend of $1.86 per share of common stock payable on December 15, 2025 to shareholders of record at the close of business on December 1, 2025. The 5% increase over the Company's previous quarterly dividend reflects continued confidence in the Accelerating the Arches growth strategy and ability to drive long-term profitable growth for all stakeholders. Annonce • Aug 26
McDonald’s Corporation Appoints Saumya Mittal as Chief People Officer for Asia McDonald’s Corporation has announced the appointment of Saumya Mittal as its new Chief People Officer for Asia. Taking charge from Singapore, she will oversee the company’s people and culture agenda across diverse Asian markets, a region marked by rapid growth and shifting workforce dynamics. Mittal, who has built an 18-year career in human resources, previously held leadership positions at PepsiCo, focusing on talent, culture, and organisational transformation, and later at Google as APAC Commercial HR Lead. Her cross-industry experience is expected to bolster McDonald’s employee engagement and leadership pipeline in the region. Annonce • Aug 12
McDonald's Introduces McDonaldland VR McDonald's is bringing its most iconic characters and worlds to life in an all-new way. Introducing McDonaldland VR -- an interactive digital universe launching alongside the new McDonaldland Meal. Starting August 12, fans can transport themselves into McDonaldland like never before. Whether through Meta Horizon Worlds on Meta Quest or a seamless Web VR experience, visitors can explore vibrant zones, meet classic characters, play games, and unlock surprises -- all from the comfort of home. Inside McDonaldland VR, fans can: Meet Classic characters: Interact with Grimace, Hamburglar, Birdie, and others -- all fully animated and part of your journey. Play Interactive Mini-Games: Mt. McDonaldland Shake Challenge: Hop aboard The Captain's ship to collect shake ingredients from an uping volcano. Golden Arches Obstacle Course: Navigate condiment geysers, rapids, and oversized landmarks in a fast-paced, multi-zone adventure. Explore Themed Worlds: Roam through the Apple Pie Tree Forest, Hamburger Patch, and Filet-O-Fish Lake, each packed with interactive surprises and moments of delight. Find Hidden Collectibles: Hunt for Mt. McDonaldland Shake icons and unlock Easter eggs throughout the world. Earn Exclusive In-Game Wearables: Complete quests to unlock items like the Mayor McCheese Hat, Burger Buddy Backpack, and Ronald McDonald's Guitar. Annonce • Jul 23
McDonald's Declares Quarterly Cash Dividend, Payable on September 16, 2025 McDonald's Board of Directors declared a quarterly cash dividend of $1.77 per share of common stock payable on September 16, 2025 to shareholders of record at the close of business on September 2, 2025. Annonce • May 21
McDonald's Announces Quarterly Cash Dividend, Payable on June 16, 2025 McDonald's Board of Directors declared a quarterly cash dividend of $1.77 per share of common stock payable on June 16, 2025 to shareholders of record at the close of business on June 2, 2025. Annonce • Apr 22
SOC Investment Group Files an Exempt Solicitation Statement with Securities and Exchange Commission On April 21, 2025, SOC Investment Group announced that it has filed an exempt solicitation statement with Securities and Exchange Commission, recommended the shareholders of the Company to vote against the Company board nominees Director Paul Walsh, at the annual meeting of shareholders of the Company scheduled to be held on May 20, 2025. Annonce • Apr 08
McDonald's Corporation, Annual General Meeting, May 20, 2025 McDonald's Corporation, Annual General Meeting, May 20, 2025. Annonce • Mar 12
McDonald's Corporation Announces Executive Changes, Effective on or About May 1, 2025 On March 10, 2025, the Board of Directors of McDonald’s Corporation approved changes to the Company’s senior management, including the appointment of Gillian (Jill) McDonald as Executive Vice President – Global Chief Restaurant Experience Officer. Ms. McDonald, one of the Company’s named executive officers, currently serves as Executive Vice President – President, International Operated Markets (IOM), and will separate from that role on or about May 1, 2025. The Board appointed Manuel JM Steijaert, currently the Company’s Executive Vice President – Global Chief Customer Officer, to replace Ms. McDonald as Executive Vice President – President, IOM, on or about May 1, 2025. Annonce • Feb 07
Mcdonald's Corporation Announces Quarterly Cash Dividend, Payable on March 17, 2025 McDonald's Board of Directors declared a quarterly cash dividend of $1.77 per share of common stock payable on March 17, 2025 to shareholders of record at the close of business on March 3, 2025. Annonce • Jan 18
John J. Mulligan to Retire from the Board of Directors of McDonald's Corporation McDonald's Corporation announced that on January 13, 2025, Director John J. Mulligan notified the company of his decision to retire from the Company’s Board of Directors, effective as of the date of the Company’s 2025 Annual Shareholders’ Meeting. The retirement is not because of a disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. New Risk • Oct 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (CHF6.5m sold). Annonce • Oct 30
Mcdonald's Corporation Declares Quarterly Cash Dividend McDonald's Corporation declared a 6% increase in its quarterly cash dividend to $1.77 per share. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: US$3.13 (vs US$3.19 in 3Q 2023) Third quarter 2024 results: EPS: US$3.13 (down from US$3.19 in 3Q 2023). Revenue: US$6.87b (up 2.7% from 3Q 2023). Net income: US$2.26b (down 2.7% from 3Q 2023). Profit margin: 33% (down from 35% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. Annonce • Oct 25
Ron Simon and Associates Files the Second Lawsuit Against McDonald's in the E. Coli Outbreak The national food safety law firm of Ron Simon & Associates, along with Meyers & Flowers, LLC, has filed another McDonald's E. coli Lawsuit, this time on behalf of Clarissa DeBock. The lawsuit was filed in Cook County, Illinois and is available upon request. According to the lawsuit, on September 18, 2024, Clarissa purchased and consumed food from her local McDonald's in Nebraska. By September 23rd, she had become ill with the symptoms of E. coli. On September 25th, Clarissa was forced to seek medical attention, and presented to the Great Plains Health - Emergency Room, where her physicians ordered blood work, and abdominal and pelvic CT, and ordered stools studies. Clarissa was found to be positive for E. coli O157:H7, and her case was reported to the county health department. Her physicians placed her on Ciprofloxacin, and at the time this lawsuit was filed, continues to recover from the effects of E. coli food poisoning. At present, onions are suspected as having been the catalyst of this E. coli outbreak, and Taylor Farms of California has issued a recall of the potentially dangerous onions. Declared Dividend • Sep 29
Dividend of US$1.77 announced Shareholders will receive a dividend of US$1.77. Ex-date: 2nd December 2024 Payment date: 16th December 2024 Dividend yield will be 2.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Sep 26
Chairman & CEO recently sold CHF4.7m worth of stock On the 24th of September, Christopher Kempczinski sold around 18k shares on-market at roughly CHF254 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Christopher has been a net seller over the last 12 months, reducing personal holdings by CHF5.7m. New Risk • Sep 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CHF1.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-US$4.8b). Significant insider selling over the past 3 months (CHF1.8m sold). Upcoming Dividend • Aug 27
Upcoming dividend of US$1.67 per share Eligible shareholders must have bought the stock before 03 September 2024. Payment date: 17 September 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Swiss dividend payers (4.3%). Lower than average of industry peers (3.0%). New Risk • Jul 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: US$2.80 (vs US$3.17 in 2Q 2023) Second quarter 2024 results: EPS: US$2.80 (down from US$3.17 in 2Q 2023). Revenue: US$6.49b (flat on 2Q 2023). Net income: US$2.02b (down 13% from 2Q 2023). Profit margin: 31% (down from 36% in 2Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Declared Dividend • Jul 29
First quarter dividend of US$1.67 announced Shareholders will receive a dividend of US$1.67. Ex-date: 3rd September 2024 Payment date: 17th September 2024 Dividend yield will be 2.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jul 27
McDonald's Corporation Announces Executive Changes, Effective October 1, 2024 On July 25, 2024, the Board of Directors of McDonald's Corporation appointed Lauren B. Elting to serve as the Company's principal accounting officer," effective October 1, 2024. Ms. Elting will join the Company on July 30, 2024 as a Vice President to ensure a smooth transition prior to Catherine A. Hoovel's retirement on October 1, 2024, which the Company previously announced on Form 8-K, dated March 13, 2024. Ms. Hoovel will continue to serve as the Company's principal accounting officer until her retirement, at which time Ms. Elting will assume the role of Vice President Corporate Controller. Prior to joining the Company, Ms. Elting held several positions of increasing responsibility with Federal Signal Corporation, including Chief Accounting Officer from 2022 to 2024, and Vice President, Corporate Controller from 2018 to 2022. Annonce • Jul 26
McDonald's Announces Quarterly Cash Dividend, Payable on September 17, 2024 McDonald's Board of Directors declared a quarterly cash dividend of $1.67 per share of common stock payable on September 17, 2024 to shareholders of record at the close of business on September 3, 2024. Annonce • Jul 20
PAR Technology Corporation (NYSE:PAR) completed the acquisition of TASK Group Holdings Limited (ASX:TSK). PAR Technology Corporation (NYSE:PAR) agreed to acquire TASK Group Holdings Limited (ASX:TSK) for AUD 320 million on March 8, 2024. TASK Group shareholders will receive AUD 0.9 for their share. As of July 4, 2024, the shareholder of TASK Group approved the transaction. The transaction is still subject to court approval. The transaction is expected to close on July 19, 2024. King & Wood Mallesons, Australia Branch acted as legal advisor and Latimer Partners Pty Ltd acted as Financial advisor to TASK Group Holdings Limited. Computershare Investor Services Pty Limited acted as registrar to TASK. Phillip R. Mills, Corey M. Goodman, Robert F. Smith and Mary K. Marks of Davis Polk & Wardwell LLP acted as legal advisor to TASK Group Holdings Limited. PRICEWATERHOUSECOOPERS AUSTRALIA SERVICES PTY LTD as Australian and New Zealand acted as accountant to TASK in relation to the Scheme.
PAR Technology Corporation (NYSE:PAR) completed the acquisition of TASK Group Holdings Limited (ASX:TSK) on July 19, 2024. Annonce • Jul 10
PAR Technology Corporation (NYSE:PAR) completed the acquisition of TASK Group Holdings Limited (ASX:TSK). PAR Technology Corporation (NYSE:PAR) agreed to acquire TASK Group Holdings Limited (ASX:TSK) for AUD 320 million on March 8, 2024. TASK Group shareholders will receive AUD 0.9 for their share. As of July 4, 2024, the shareholder of TASK Group approved the transaction. The transaction is still subject to court approval. The transaction is expected to close on July 19, 2024. King & Wood Mallesons, Australia Branch acted as legal advisor and Latimer Partners Pty Ltd acted as Financial advisor to TASK Group Holdings Limited. Computershare Investor Services Pty Limited acted as registrar to TASK. Phillip R. Mills, Corey M. Goodman, Robert F. Smith and Mary K. Marks of Davis Polk & Wardwell LLP acted as legal advisor to TASK Group Holdings Limited. PRICEWATERHOUSECOOPERS AUSTRALIA SERVICES PTY LTD as Australian and New Zealand acted as accountant to TASK in relation to the Scheme.PAR Technology Corporation (NYSE:PAR) completed the acquisition of TASK Group Holdings Limited (ASX:TSK) on July 10, 2024. Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Mike Hsu was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 26
First quarter dividend of US$1.67 announced Shareholders will receive a dividend of US$1.67. Ex-date: 3rd June 2024 Payment date: 17th June 2024 Dividend yield will be 2.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • May 23
McDonald's Corporation Announces Quarterly Cash Dividend, Payable on June 17, 2024 McDonald's Corporation Board of Directors declared a quarterly cash dividend of $1.67 per share of common stock payable on June 17, 2024 to shareholders of record at the close of business on June 3, 2024. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$2.66 (vs US$2.47 in 1Q 2023) First quarter 2024 results: EPS: US$2.66 (up from US$2.47 in 1Q 2023). Revenue: US$6.17b (up 4.6% from 1Q 2023). Net income: US$1.93b (up 7.0% from 1Q 2023). Profit margin: 31% (in line with 1Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Annonce • Apr 10
McDonald's Corporation, Annual General Meeting, May 22, 2024 McDonald's Corporation, Annual General Meeting, May 22, 2024, at 09:00 Central Standard Time. Agenda: To elect 12 Directors to Serve Until 2025 Annual Shareholders' Meeting and Until Their Successors Have Been Elected and Qualified; to Vote to Approve Executive Compensation; to vote to Approve an Amendment to the Company's Restated Certificate of Incorporation to Limit Liability of Officers as Permitted by Law; to Vote to Ratify the Appointment of Ernst & Young LLP as Independent Auditor for 2024; to Vote on Six Shareholder Proposals, Each Only If Properly Presented; and to transact any other business properly presented at the meeting. Annonce • Apr 05
McDonald's Corporation (NYSE:MCD) signed an agreement to acquire Alonyal Ltd. from Omri Padan. McDonald's Corporation (NYSE:MCD) signed an agreement to acquire Alonyal Ltd. from Omri Padan on April 4, 2024. Upon completion of the transaction, McDonald’s Corporation will own Alonyal Limited’s restaurants and operations, and employees will be retained on equivalent terms. The agreement is subject to certain conditions, with closing anticipated in the coming months. Annonce • Mar 20
McDonald's Corporation Announces Board Changes McDonald's Corporation announced the retirement of Enrique Rick Hernandez, Jr. as non-executive Chairman of the company's Board of Directors, effective as of the date of the Company's 2024 Annual Shareholders' Meeting. Following Rick's retirement, Chris Kempczinski will assume the combined role of Chief Executive Officer and Chairman of the Board, and Miles White will assume the role of Lead Independent Director. Annonce • Mar 15
McDonald's Corporation Announces Retirement of Catherine A. Hoovel as Senior Vice President – Corporate Controller, Principal Accounting Officer, Effective October 1, 2024 On March 8, 2024, Catherine A. Hoovel notified McDonald’s Corporation (the Company) of her intention to retire from the Company as Senior Vice President – Corporate Controller, the Company’s Principal Accounting Officer, effective October 1, 2024. This retirement is not a result of any disagreement with the Company on any matter relating to its operations, policies, or practices. Annonce • Mar 12
PAR Technology Corporation (NYSE:PAR) agreed to acquire TASK Group Holdings Limited (ASX:TSK) for AUD 320 million PAR Technology Corporation (NYSE:PAR) agreed to acquire TASK Group Holdings Limited (ASX:TSK) for AUD 320 million on March 9, 2024. Upcoming Dividend • Feb 22
Upcoming dividend of US$1.67 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Swiss dividend payers (4.0%). Lower than average of industry peers (2.7%). Declared Dividend • Feb 11
Fourth quarter dividend of US$1.67 announced Shareholders will receive a dividend of US$1.67. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 2.2%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 08
McDonald's Announces Quarterly Cash Dividend, Payable on March 15, 2024 McDonald's Board of Directors declared a quarterly cash dividend of $1.67 per share of common stock payable on March 15, 2024 to shareholders of record at the close of business on March 1, 2024. Reported Earnings • Feb 05
Full year 2023 earnings released: EPS: US$11.57 (vs US$8.39 in FY 2022) Full year 2023 results: EPS: US$11.57 (up from US$8.39 in FY 2022). Revenue: US$25.5b (up 10.0% from FY 2022). Net income: US$8.47b (up 37% from FY 2022). Profit margin: 33% (up from 27% in FY 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Nov 23
Upcoming dividend of US$1.67 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Swiss dividend payers (4.2%). Lower than average of industry peers (2.8%). Annonce • Nov 22
McDonald's Corporation (NYSE:MCD) agreed to acquire additional 28% stake in McDonald's China Management Limited from The Carlyle Group Inc. (NasdaqGS:CG). McDonald's Corporation (NYSE:MCD) agreed to acquire additional 28% stake in McDonald's China Management Limited from The Carlyle Group Inc. (NasdaqGS:CG) on November 20, 2023. Upon completion of the transaction, the CITIC Consortium will continue to own 52%, and McDonald's will remain a minority partner while increasing its stake from 20% to 48% ownership. The deal is contingent upon customary regulatory approvals and is expected to close in the first quarter of 2024. New Risk • Oct 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (CHF2.5m sold). Recent Insider Transactions • Oct 30
President of McDonald's USA recently sold CHF143k worth of stock On the 23rd of October, Joseph Erlinger sold around 626 shares on-market at roughly CHF229 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CHF1.4m. Insiders have been net sellers, collectively disposing of CHF4.4m more than they bought in the last 12 months. Annonce • Oct 06
McDonald's Declares Quarterly Cash Dividend of $1.67 Per Share of Common Stock Payable on December 15, 2023 McDonald's Board of Directors declared a quarterly cash dividend of $1.67 per share of common stock payable on December 15, 2023 to shareholders of record at the close of business on December 1, 2023. The 10% increase over the Company's previous quarterly dividend reflects continued confidence in the Accelerating the Arches growth strategy and a focus on driving long-term profitable growth for all stakeholders. Annonce • Sep 27
McDonald's Corporation to Report Q3, 2023 Results on Oct 30, 2023 McDonald's Corporation announced that they will report Q3, 2023 results on Oct 30, 2023 Recent Insider Transactions • Sep 21
President recently sold CHF1.4m worth of stock On the 18th of September, Christopher Kempczinski sold around 6k shares on-market at roughly CHF251 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. Annonce • Aug 25
McDonald's Corporation Announces Retirement of Richard "Rick" Lenny from Board of Directors, Effective October 31, 2023 McDonald's Corporation announced the retirement of Richard "Rick" Lenny from the McDonald's Board of Directors, effective October 31, 2023. Lenny joined McDonald's Board of Directors in 2005 and has served as the Chair of the Compensation Committee since 2019. In addition to his service to McDonald's, Lenny serves on the Boards of Conagra Brands and Illinois Tool Works. Upcoming Dividend • Aug 24
Upcoming dividend of US$1.52 per share at 2.2% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 18 September 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Swiss dividend payers (4.1%). In line with average of industry peers (2.4%). Annonce • Jul 29
McDonald's Corporation Provides Earnings Guidance for the Full Year 2023 McDonald's Corporation provided earnings guidance for the full year 2023. The company expects net restaurant unit expansion will contribute about 1.5% to 2023 Systemwide sales growth, in constant currencies. New Risk • Jul 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (CHF2.0m sold). Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$3.15 (vs US$1.61 in 2Q 2022) Second quarter 2023 results: EPS: US$3.15 (up from US$1.61 in 2Q 2022). Revenue: US$6.50b (up 14% from 2Q 2022). Net income: US$2.31b (up 95% from 2Q 2022). Profit margin: 36% (up from 21% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Annonce • Jul 26
McDonald's Corporation's Announces Quarterly Cash Dividend, Payable on September 18, 2023 McDonald's Corporation's Board of Directors declared a quarterly cash dividend of $1.52 per share of common stock payable on September 18, 2023, to shareholders of record at the close of business on September 1, 2023. Annonce • Jul 14
McDonald's China Owners Carlyle, Trustar Reportedly Plan $4 Billion Exit The Carlyle Group Inc. (NasdaqGS:CG) and Trustar Capital are planning to raise $4 billion from wealth funds to buy part of their stakes in McDonald's Corporation (NYSE:MCD) operations in Hong Kong and mainland China, Bloomberg News reported. The move would provide a partial exit for the buyout firms after they bought the business six years ago, according to the report on July 12, 2023, citing people familiar with the matter. Bloomberg said the private equity firms would set up a new vehicle to provide a potential or partial exit for some existing investors which could allow them to raise fresh capital. "The company's shareholding structure will not change. All stakeholders are highly aligned on the process," McDonald's China said in an emailed response to Reuters on July 13, 2023. "We will continue to leverage the capital and other resources from CITIC (Trustar Capital), Carlyle, and McDonald’s Corp. to achieve the future milestone of 10,000 stores," it said. McDonald's currently has 5,400 stores in China. Trustar Capital is a private equity affiliate of CITIC Capital. Shareholders have agreed to the plan, and the asset managers have approached Mubadala Investment and GIC Pte to finalize a deal that values the business at up to $10 billion including debt, the report said. The asset managers aim to reach an agreement with investors in the fourth quarter of this year, the report said. Carlyle declined to comment. GIC and Trustar did not immediately respond to a Reuters request for comment. Trustar Capital is a private equity affiliate of CITIC Capital. Recent Insider Transactions • Jun 02
Insider recently sold CHF516k worth of stock On the 30th of May, Morgan Flatley sold around 2k shares on-market at roughly CHF258 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CHF899k. Insiders have been net sellers, collectively disposing of CHF4.8m more than they bought in the last 12 months. Annonce • May 26
McDonald's Corporation Declares Quarterly Cash Dividend, Payable on June 20, 2023 McDonald's Corporation Board of Directors declared a quarterly cash dividend of $1.52 per share of common stock payable on June 20, 2023, to shareholders of record at the close of business on June 5, 2023. Recent Insider Transactions • May 03
Insider recently sold CHF225k worth of stock On the 1st of May, Catherine Hoovel sold around 840 shares on-market at roughly CHF268 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CHF3.8m more than they bought in the last 12 months. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: US$2.45 (vs US$1.49 in 1Q 2022) First quarter 2023 results: EPS: US$2.45 (up from US$1.49 in 1Q 2022). Revenue: US$5.90b (up 4.1% from 1Q 2022). Net income: US$1.80b (up 63% from 1Q 2022). Profit margin: 31% (up from 20% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Upcoming Dividend • Feb 22
Upcoming dividend of US$1.52 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 68% and the cash payout ratio is 76%. Trailing yield: 2.3%. Lower than top quartile of Swiss dividend payers (4.1%). In line with average of industry peers (2.2%). Annonce • Feb 07
Dongwon Industries Co., Ltd. (KOSE:A006040) made a bid to acquire ShinMac Company Ltd. from McDonald's Corporation (NYSE:MCD). Dongwon Industries Co., Ltd. (KOSE:A006040) made a bid to acquire ShinMac Company Ltd. from McDonald's Corporation (NYSE:MCD) on February 6, 2023. Reported Earnings • Feb 01
Full year 2022 earnings released: EPS: US$8.33 (vs US$10.11 in FY 2021) Full year 2022 results: EPS: US$8.33 (down from US$10.11 in FY 2021). Revenue: US$23.2b (flat on FY 2021). Net income: US$6.18b (down 18% from FY 2021). Profit margin: 27% (down from 33% in FY 2021). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Nov 23
Upcoming dividend of US$1.52 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Swiss dividend payers (4.2%). In line with average of industry peers (2.0%). Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$2.68 (vs US$2.88 in 3Q 2021) Third quarter 2022 results: EPS: US$2.68 (down from US$2.88 in 3Q 2021). Revenue: US$5.87b (down 5.3% from 3Q 2021). Net income: US$1.98b (down 7.8% from 3Q 2021). Profit margin: 34% (in line with 3Q 2021). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Aug 24
Upcoming dividend of US$1.38 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Swiss dividend payers (4.1%). Higher than average of industry peers (1.8%). Board Change • Aug 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. President, CEO & Director Chris Kempczinski was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.