MCDONALD’S CORP. $97 (New York symbol MCD; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 941.8 million; Market cap: $91.4 billion; Price-to-sales ratio: 3.5; Dividend yield: 3.5%; TSINetwork Rating: Above Average; www.mcdonalds.com) plans to start selling breakfast items all day. The move could increase its U.S. sales by up to 2.5%.
McDonald’s has also announced that it will only use eggs from chickens that haven’t been raised in cages. This should boost its appeal among increasingly health-conscious, environmentally aware consumers.
The company expects to make this switch by 2025. It purchases about two billion eggs in the U.S. annually, and its Canadian business buys roughly 120 million.
McDonald’s is a buy.