Shares of McDonald’s Corporation (NYSE:MCD) added 0.77% to $77.63 after it created its fresh 52-week high of $77.66. The stock went up more than 23% year-to-date.
McDonald’s Corp., which has been able to sustain growth throughout much of the economic downturn, may do it again next week when the fast-food giant reports its third-quarter financials before Thursday’s opening bell.
The company is expected to earn $1.25 a share on $6.2 billion in revenue, according to the average estimate of analysts polled by FactSet Research, up from $1.15 a share and $6 billion in the same quarter of 2009.
Starbucks Corporation (NASDAQ:SBUX) gained 0.13% to $27.46. Yesterday, the company saw its price target and earnings estimates boosted by analysts at UBS. The firm said it now expects SBUX shares to reach $31, implying a 14% upside to the stock’s Wednesday closing price of $27.26. UBS also maintained its “Buy” rating and raised its earnings estimates, citing higher retail sales expectations.
Wendy’s Arby’s Group Inc. (NYSE:WEN) lost 0.21% to $4.77 on renewed speculation that the fast-food company could be acquired.
Over the past 52-week, the stock traded within the range of $3.83-$5.55.
Yum! Brands, Inc. (NYSE:YUM) went up 0.50% to $48.66. Last week, Susquehanna raised its price target on YUM! Brands from $49 to $50, while reiterating their Positive rating.
Last week, the company reported third-quarter net income of $357 million, or 74 cents a share, from $334 million, or 69 cents a share, in the same quarter last year.
Article published by Wall Street Grand. Visit the Wall Street Grand Club today.
Disclaimer:
For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html
