Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, March 03, 2017

Article Excerpt

MCDONALD’S CORP., $127.90, New York symbol MCD, 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. The company announced several new initiatives this week that aim to lure back customers who have switched to other fast-food chains. These initiatives include installing more food-order kiosks inside its restaurants to make it easier for customers to place orders and have their food brought to their table. The company will also launch a new mobile app to let customers pre-order their food. McDonald’s plans to install this technology in 20,000 of its outlets by the end of 2017. In addition, the company will start to offer home delivery in more areas. McDonald’s also plans to cut $500 million a year from its administrative costs by the end of 2018. To put that figure in context, the company earned $4.7 billion, or $5.44 a share,…