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Morningstar Analyst On Ackman Possibly Seeking REIT Spinoff For McDonald's: 'I Think Management Would Push Back On It'
Tuesday, December 16, 2014 - 5:23pm | 177Read More...Speaking to Benzinga about a rumor that Pershing Square Capital Management CEO Bill Ackman wants McDonald’s Corporation (NYSE: MCD) to do a REIT spinoff, Morningstar Analyst RJ Hottovy said that he thinks McDonald’s management would push back on it. One reason Hottovy gave is that...
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Morningstar Analyst Says Pershing Square Has Track Record Of Pushing Retailers To Seek REITs
Tuesday, December 16, 2014 - 5:18pm | 183Read More...When asked about a rumor that Pershing Square Capital Management CEO Bill Ackman is seeking a REIT spinoff for McDonald’s Corporation (NYSE: MCD), Morningstar Analyst RJ Hottovy said that Pershing Square has a track record of pushing retailers with real estate assets to look at one of these...
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Morningstar Analyst On Rumor Of Ackman Push For McDonald's REIT: 'This Isn't The First Time Bill Has Tried This Move'
Tuesday, December 16, 2014 - 4:43pm | 129Read More...When asked about a rumor that Pershing Square Capital Management CEO Bill Ackman is seeking a REIT spinoff for McDonald’s Corporation (NYSE: MCD), Morningstar Analyst RJ Hottovy told Benzinga that this is not the first time Ackman has tried to do this. Pershing Square urged McDonald...
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Cramer: Yum! Brands 'Certainly Lets McDonald's Look A Lot Better'
Wednesday, December 10, 2014 - 2:29pm | 401Read More...Yum! Brands, Inc. (NYSE: YUM) fell drastically after the company announced cutting its profit forecast for the year 2014. In notes to clients, the company informed shareholders that its EPS will rise by a mid-single-digit percentage (excluding some items), which is significantly lower than the...
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Dow, S&P 500 Close At Record Highs In Another Quiet Trading Session
Thursday, November 20, 2014 - 5:52pm | 1021Read More...U.S. stocks brushed off early morning losses and ended the day slightly positive. U.S. economic data showed existing home sales and leading indicators both being higher than expected for October, while U.S. preliminary PMI fell from October's reading as analysts were expecting a rise. On...
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Morgan Stanley 'Encouraged' As McDonald's Works On A Refresh
Thursday, November 20, 2014 - 9:27am | 237Read More...John Glass of Morgan Stanley hosted McDonald's Corporation (NYSE: MCD) management team at a recent Global Consumer Conference. The analyst was "encouraged" as McDonald's management team laid out its plans to improve food quality and turnaround its operations. McDonald's plans to change the way...
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Jana Partners 13F Filing Shows Moves In Alibaba & Other Big Names
Friday, November 14, 2014 - 12:34pm | 411Read More...In a 13F filing report on Friday, activist hedge fund Jana Partners reported all positions it held as of September 30, 2014. Jana Partners closed out positions in the following: Sold 200,000 shares of CBS Corporation (NYSE: CBS) class A shares and 4,127,149 shares of CBS Class B shares....
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Morgan Stanley: McDonald's October Same-Store Sales 'Improved, But Still Challenged'
Monday, November 10, 2014 - 2:13pm | 165Read More...McDonald's Corporation (NYSE: MCD) reported on Monday a global same-store sales decline of 0.5 percent in October. U.S. comps were down by 1.0 percent while European comps were lower by 0.7 percent. Asia Pacific, Middle East and Africa saw a 4.2 percent comp decline, mostly attributed to Japan and...
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Markets Reverse Early Morning Gains Following Canadian Shooting
Wednesday, October 22, 2014 - 4:43pm | 1767Read More...U.S. stocks reversed early morning gains following a fatal shooting of a Canadian soldier in the nation's capital and a subsequent gunfight inside Canada's Parliament. Declining oil prices was also cited as a factor for the poor performance in equities on Wednesday following the release...
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McDonald's Q3 Earnings Preview: Is The Chinese Meat Scare A Factor?
Monday, October 20, 2014 - 5:11pm | 473Read More...McDonald's Corporation (NYSE: MCD) will report its third quarter earnings on Tuesday before the opening bell. The Big Mac maker is expected to earn $1.38 per share on $7.2 billion of revenue according to analysts' consensus expectations. McDonald's last reported its quarterly...
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Dow Suffers Largest Daily Decline Since July, S&P 500 At 8-Week Lows On Global Growth Concerns
Tuesday, October 7, 2014 - 4:52pm | 2340Read More...U.S. stocks tumbled with the three major indices each shedding more than 1.5 percent as global economic growth concerns surfaced. The IMF lowered its global growth forecast for 2014 to 3.3 percent from a previous 3.4 percent. The agency also lowered its 2015 global growth projections to 3.8...
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Markets Begin The Week On A Losing Note Ahead Of Earnings Kick-Off, Fed Minutes
Monday, October 6, 2014 - 4:45pm | 1927Read More...U.S. stocks traded lower on Monday ahead of earnings season, which unofficially begins on Wednesday. The Federal Reserve will also release its minutes from its recent meeting on the same day. Major indices were trading in positive territory on Monday with the Dow up as much as 89 points before...
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Morgan Stanley Prefers Investing In Whoppers Over Big Macs
Monday, October 6, 2014 - 11:36am | 244Read More...Morgan Stanley analyst John Glass on Monday upgraded shares of Burger King Worldwide Inc (NYSE: BKW), while simultaneously downgrading shares of McDonald's Corporation (NYSE: MCD). According to Glass, Burger King, along with its recently acquired Tim Hortons are best positioned to be "...
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Yum! Brands, Inc. Earnings Preview: What's In Store For 2015?
Monday, October 6, 2014 - 10:15am | 876Read More...Yum! Brands, Inc. (NYSE: YUM), whose key China division continues to struggle, is scheduled to report its third-quarter results Tuesday, October 7, before the markets open. The company has already warned of a sharp decline in sales in China, and it followed that up with a dividend hike -- its...
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UPDATE: Morgan Stanley Downgrades McDonald's Corporation
Monday, October 6, 2014 - 9:04am | 218Read More...John Glass of Morgan Stanley downgraded shares of McDonald's Corporation (NYSE: MCD) to Equal-weight from Overweight with a price target lowered to $96 from a previous $102. "While we see a theoretical financial restructuring, weakening fundamentals, punctuated by a sharp market share loss in the U...
