McDonald’s unveils its own meatless burger McPlant

 

News of the McPlant sent Beyond Meat (BYND) shares falling nearly 10% on the news Monday. But, Beyond Meat Inc. recovered after announcing it collaborated with McDonald’s Corp. in the creation of plant-based patties for the  new substitute meat products.

McDonald’s has not yet revealed the full ingredients of the new plant-based burger, McPlant. Suppliers have not been announced  plans to use for the McPlant.

McDonald’s Corp (MCD) beats profit estimates.

Trend Analysis

MCD appears to be correcting within a longer-term bullish trend. Although its MACD is presently below the signal line, shares remain above an upwards sloping 200-day moving average. Comparative Relative Strength analysis shows that this issue is lagging the S&P 500. As of 3:12 PM ET Monday, 11/09/2020. $1.29 Dividend Payable On 12/15/20

Non-GAAP EPS (Q2 2020)              $0.66

Consensus Estimate (Q2 2020)    $0.75

Revenue (TTM) $19.26B

Price/Earnings (TTM)      33.70

Forward P/E       26.01

Price to Earnings/Growth (PEG) 6.88

Source: Charles Schwab

Bulls Say
McDonald’s is positioned to weather pandemic related
headwinds due of its focus on value, improved
access (mobile ordering, drive-thru, delivery), new
marketing approaches, and franchisee health.
McDonald’s global average unit volumes (more
than $2.5 million) and new restaurant cash-on-cash
returns (above 20%) exceed most QSR chains.
OWith a dividend yielding more than 2% and nearly
$17 billion in capital expected to be returned to
shareholders over the next three years, we see
McDonald’s as attractive for income investors
looking for exposure to global middle-class consumer
growth. Source Morningstar/Charles Schwab


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