|Bid||197.55 x 800|
|Ask||198.18 x 800|
|Day's Range||197.33 - 199.90|
|52 Week Range||153.13 - 201.15|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||26.21|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||4.64 (2.35%)|
|1y Target Est||215.00|
Multiple women said that they faced retaliation when they reported the behavior, and in some cases say they were; the company's CEO's committed to a "harassment and bias-free workplace."
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into McDonald’s Corporation (MCD). On May 21, 2019, news sources reported the filing of 23 gender-based discrimination and sexual harassment complaints against the Company by employees, including allegations of groping, indecent exposure, sexual propositions, and lewd comments, as well as retaliatory actions taken against those who reported the behavior.
McDonald's executives say at its annual shareholders meeting that the company is monitoring plant-based meat substitutes. The burger chain has been under pressure to add a veggie burger. Rivals have added their own versions with patties from Impossible Foods and Beyond Meat.
As a part of a push to increase the minimum wage for American workers, Bernie Sanders, a U.S. senator and Democratic presidential candidate, on Thursday waded into a dispute between McDonald's Corp and its employees. Sanders, one of the two dozen Democrats running for the Democratic presidential nomination, held a virtual town hall, taking questions from McDonald's workers in Dallas who protested the company's annual shareholders’ meeting. "You guys are being exploited," Sanders, speaking from Washington, told the workers.
Wall Street is under pressure, but a handful of stocks are breaking out to new highs. McDonald's MCD , Waste Management WM , Hershey HSY , Visa V and Costco COST have notched records this month, while ConEd ED has surged to 52-week highs. Bill Baruch , president of Blue Line Futures, said these remain solid long-term investments, but under-the-surface indicators suggest they could be in for a near-term breather.
A McDonald’s employee holds a sign during a protest against sexual harassment in the workplace, in Chicago on 18 September 2018. Photograph: Joshua Lott/AFP/Getty ImagesSenator Bernie Sanders rallied supporters to picket lines in cities across the United States on Thursday as McDonald’s workers walked out on strike to fight for a $15 minimum wage, union rights and for McDonald’s to address workplace violence and sexual harassment issues.The Sanders campaign is using its extensive email list to turn out support in Los Angeles, Chicago, Detroit, Tampa, St Louis, Milwaukee and several other cities.The Bernie Sanders campaign has increasingly used its voter data to rally support for the labor union movement. The campaign has previously enlisted supporters to turn out for rallies, protests and strikes for workers at Delta Airlines, Disney, Amazon, General Motors, Wabtec, Nissan, teachers in Los Angeles and most recently in support of workers at the University of California, who conducted a one-day strike earlier this month over the university system’s practices of increasingly relying on an outsourced and privatized workforce.“As Bernie says, this is not just a campaign, it’s a movement. We’re building the largest volunteer army in the nation not just to win the Democratic nomination, but also to mobilize people to show up in key fights where people’s lives and livelihoods are on the line,” said Claire Sandberg, the Bernie 2020 national organizing director. “We are proud to uphold Bernie’s commitment to workers and we will continue to activate our supporters and urge them to join picket lines across the country to support the fight for a strong labor movement.”Bernie Sanders speaks during a rally in Warren, Michigan, in April. Photograph: Paul Sancya/APThe Sanders campaign is hosting a video town hall with striking McDonald’s workers in Dallas, Texas, where McDonald’s is holding their annual shareholders’ meeting.“If Amazon can raise their minimum wage to $15 an hour there is no reason that McDonald’s, a company that took in $1.4bn in profit and paid its CEO $22m, can’t pay its workers a living wage,” said Sanders in a statement. “I am proud to stand with workers demanding $15 an hour and a union.”“We’re going on strike to demand union rights. We need a union for basic things like healthcare, a seat at the table and respect,” Bleu Rainer, a McDonald’s worker in Tampa, Florida, told the Guardian. “I’ve been working in the fast-food industry for about 11 years. I started out at $7.11 an hour and now I’m only at $9 an hour. I don’t think that’s fair to any worker.”The Democratic presidential candidates senator Cory Booker, Julián Castro and Jay Inslee are also joining workers on the picket lines.The one-day strike comes in the wake of 25 sexual harassment charges and lawsuits filed by workers against McDonald’s earlier this week. The allegations include several instances of retaliation for reporting sexual harassment and failure from McDonald’s to take the issue seriously. More than 50 charges have been filed against McDonald’s over the past three years.Earlier this week, the National Employment Law Project (NELP) released a report on workplace violence at McDonald’s restaurants, examining 721 violent incidents reported in the media over the past three years, a small fraction of the incidents occurring at McDonald’s.According to the report, in Chicago an average of 21 calls to emergency services are made on a daily basis from McDonald’s restaurants. Several workers in Chicago filed a formal complaint on 20 May to Osha (Occupational Safety and Health Administration) requesting the agency to force McDonald’s to develop, implement and maintain a violence prevention program.“Workplace violence is all too common and a very serious hazard facing McDonald’s workers. Its happening at almost epidemic rates to workers and stunningly the company has not stepped forward to protect workers when there are easy and commonsense solutions they can implement right away,” said Deborah Berkowitz, worker health and safety program director at NELP and the author of the report.Berkowitz previously worked at Osha as chief of staff and senior policy adviser. In the report, Berkowitz cites McDonald’s needs to develop a system-wide culture of violence prevention that includes hazard prevention controls, better training and post-incident response procedures.McDonald’s did not immediately respond to a request for comment.
Luckin’s IPO turned some heads and raised some questions, but there’s no doubt the Chinese market potential for coffee is enormous.
McDonald's Corp. says it's enhancing training and offering a new hotline for workers in response to mounting allegations of sexual harassment.On Tuesday, the labour group Fight for $15 filed 25 sexual harassment charges against McDonald's with the U.S. Equal Employment Opportunity Commission. The American Civil Liberties Union and the Time's Up Legal Defence Fund are providing legal support.Among those filing complaints is Jamelia Fairley, who works at a company-owned store in Sanford, Florida. In a conference call with media, Fairley said she was harassed by two male employees who would rub up against her, pinch her and make explicit comments."I stood up for myself and will not let anyone bully me," Fairley said. She said she never received training about harassment or how to report it.It's the third time in three years that Fight for $15 has filed harassment charges on behalf of McDonald's workers. In all, around 50 cases have been filed. In addition to the charges filed with the government, civil lawsuits have been filed in Michigan, Georgia, California and North Carolina.McDonald's says it has been working with the Rape, Abuse and Incest National Network since last year to develop new training materials. It has also rewritten its employee policy to more clearly define sexual harassment, discrimination and retaliation.The fast food chain says it sent posters with the new policy to its 14,000 U.S. restaurants. The posters also make clear that employees can call a third-party hotline to report abuse. The company said it will begin training store workers about harassment and bias this August."We are committed to creating and sustaining a culture of trust where employees feel safe, valued and respected," McDonald's CEO Steve Easterbrook wrote in a letter sent this week to author and actress Padma Lakshmi, who participated in a Fight for $15 rally Tuesday outside McDonald's Chicago headquarters.Dee-Ann Durbin, The Associated Press
Competition in the fast food space is hot, and in order to stay relevant in the space, companies need to beef up their technology and delivery initiatives, according to Wells Fargo.
The cases announced by the American Civil Liberties Union (ACLU), the labor group Fight for $15, and the Time's Up Legal Defense Fund cover alleged misconduct at McDonald's locations in 20 U.S. cities, including groping, indecent exposure, propositions for sex, and lewd comments. McDonald's is one of the world's most recognizable brands, and the cases make the fast-food chain a primary target of a campaign to extend the #MeToo movement, which sprung from sexual harassment cases in Hollywood, to the workplace. More than 90 percent of the locations are franchised, and McDonald's has long maintained it should not be liable for how employees in franchised restaurants behave.
McDonald's Corp was accused on Tuesday in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and retaliating against employees who speak up. The cases announced by the American Civil Liberties Union (ACLU), the labor group Fight for $15, and the Time's Up Legal Defense Fund cover alleged misconduct at McDonald's locations in 20 U.S. cities, including groping, indecent exposure, propositions for sex, and lewd comments. McDonald's is one of the world's most recognizable brands, and the cases make the fast-food chain a primary target of a campaign to extend the #MeToo movement, which sprung from sexual harassment cases in Hollywood, to the workplace.
CEO Steve Easterbrook says in a letter that the company has been working with RAINN to improve its policies and training. McDonald's MCD is facing a new wave of complaints about how it handles sexual harassment in its restaurants.
While minimum wage increases are good news for the average American worker, it’s not always good news for restaurants. And one fast-food chain is even more impacted than the rest, Jack in the Box.
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...