McDonald's (MCD) Stock Falls Despite Expanding All-Day Breakfast
NEW YORK (TheStreet) -- Shares of McDonald's (MCD) - Get Report are down 0.33% to $120.36 this afternoon as the company makes plans to expand its all-day breakfast menu.
Currently, McDonald's locations offer either biscuit sandwiches or McMuffins on their all-day breakfast menus.
With the update, the company will institute a nation-wide menu, including biscuit, McMuffin and McGriddle sandwiches.
"All-day breakfast has been, clearly, a very strong catalyst for momentum," said CFO Kevin Ozan during an earnings call in April, CNBC reports. The all-day breakfast menu has brought about same-store-sales growth for the past two quarters.
The Oak Brook, IL-based company began serving breakfast all day in October of last year.
Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, expanding profit margins and good cash flow from operations.
TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: MCD
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.