I currently have an Open Buy 100 shares MCD ‘Mcdonalds Corp Com Limit $75.00, but the stock is not coming down fast enough to get it before November 29th the x-divident date. It doesn’t look like MCD will fall below $75 anytime soon as it has bounced off the $78 level two time in the last month. I like the McDonald’s story. Great international exposure, especially in China. Looking for a pullback to get in. This will be my first purchase of MCD. The x-Divident date is November 29 and the current yield is 3.15%
Since this is a long term income buy with strong growth potential, I am going to take a bite and lower my strike price to $77.50 per share, in effect after today’s market close during aftermarket hours.
Additionally, the Street has an A+ rating on this stock, which is its highest rating. We rate MCDONALD’S CORP (MCD) a BUY. This is based on the convergence of positive investmentmeasures, which should help this stock outperform the majority of stocks that we rate. The company’sstrengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth inearnings per share, notable return on equity and expanding profit margins. Although the company mayharbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. – the Street
Latest on MCD, they do have some pricing power in China. From Reuters, “McDonald’s has raised menu prices in mainland China by 0.5 yuan to 1 yuan per item with immediate effect because of rising materials costs as the country.”