Updating McDonald’s Corp., Canon Inc. ADRs and Chevron Corp.

Article Excerpt

MCDONALD’S CORP. $154 (www.mcdonalds.com) is the world’s largest operator of fast-food restaurants, with 36,500 outlets in 120 countries. It serves a wide variety of food, but is best known for its hamburgers and french fries. With the December 2017 payment, the company will raise its quarterly dividend by 7.4%, Investors will receive $1.01 a share, up from $0.94. The new annual rate of $4.04 yields 2.6%. Buy. CANON INC. ADRs $34 (www.canon.com) completed its $5.9 billion acquisition of the medical equipment business of Toshiba Corp. in December 2016. That business makes diagnostic imaging systems such as MRI (magnetic resonance imaging), X-ray and ultrasound equipment. Thanks to the new operations, Canon’s earnings in the second quarter of 2017 jumped 19.0%, to $617.7 million, or $0.57 per ADR, from $518.9 million, or $0.48 a year earlier. However, demand for its digital cameras and printers remains weak. Hold. CHEVRON CORP. $117 (www.chevron.com) continues to expand its 50%-owned petrochemical facility in Houston Texas. ConocoPhillips…