McDonald’s Corp. (NYSE:MCD) [Trend Analysis] moved down reacts as active mover, shares a decrease -0.62% to traded at $114.64 and the percentage gap among open changing to regular change was -0.30%. Struggling fast food giant, McDonald’s (MCD) reported that it is looking to cut a accord to turn its 2,200-store empire in China 65% of which it owns and operates into a cash machine. The franchising of its China operations, for which a partner could be determined before the end of the year, is predictable to fetch among $1.5 billion and $2 billion up front from investors, the Wall Street Journal reported citing people familiar with the matter.
McDonald’s would also rake in an estimated 5% to 7% of sales for the 20-year life of the accord. It would keep a minority stake in these far-flung stores, while slashing its operational costs and preserving precious capital.
A clutch of at least six offerders has shown interest in McDonald’s China franchise, comprising U.S. private-equity giants Carlyle Group LP, TPG and Bain Capital LLC, the report stated. The firm’s current ratio calculated as 1.90 for the most recent quarter. As far as the returns are concern, the return on equity was recorded as 95.10% and return on investment was 16.40% while its return on asset stayed at 13.70%. The firm has total debt to equity ratio measured as 0.00.
Chevron Corporation (NYSE:CVX) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.46% to close at $102.45 with the total traded volume of 4.32 Million shares. Chevron U.S.A. Inc. (NYSE: CVX) reported launch of its aFANity Rewards Program, a sports-themed rewards program accessible to residents of Alabama, Arizona, California, Florida, Georgia, Idaho, Louisiana, Mississippi, Nevada, New Mexico, Oregon, Tennessee, Texas, Utah, Washington and Wyoming. Eligible participants can sign up as members to start earning points starting on October 1.
They can redeem those points for prizes such as football tickets, autographed memorabilia, officially licensed team gear, and exclusive once-in-a-lifetime experiences with their favorite teams. “Sports fans are extremely passionate individuals, so we wanted to tap into that enthusiasm and find a way to reward them,” stated Don Walker, General Manager of Chevron Brand. The firm has institutional ownership of 63.80%, while insider ownership included 0.04%. Its price to sales ratio ended at 1.71. CVX attains analyst recommendation of 2.20 with week performance of 3.72%.