The stock price of McDonald’s Corporation (MCD) has risen up by over 1.25% today till the late morning trading session. Since the close on Tuesday, the stock price of McDonald’s has gone up by over 2.5%. The stock closed at $158.64 on Wednesday.
McDonald’s is a fast food company that was founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. They rechristened their business as a hamburger stand. The first time a McDonald’s franchise used the Golden Arches logo was in 1953 at a location in Phoenix, Arizona. In 1955, Ray Kroc, a businessman, joined the company as a franchise agent and proceeded to purchase the chain from the McDonald brothers. McDonald’s had its original headquarters in Oak Brook, Illinois, but has approved plans to move its global headquarters to Chicago by 2018.
Despite beating the likes of KFC, Burger King, Subway and Starbucks in the Business Benchmark on Farm Animal Welfare, the fast food chain has been warned they still need to make improvements. No fast food company achieved the ‘tier one’ status in the ranking but McDonald’s, which feeds 68 million people every day, placed towards the top of tier two after making farm animal welfare a part of its business strategy. World Animal Protection chief executive Steve McIvor said: ‘Consumers are showing that they increasingly care about the welfare of animals when they are deciding where to eat. McDonald’s have made some strides to improving conditions for farm animals in certain markets.
Also, after teasing on Tuesday that the discontinued Szechuan dipping sauce made famous by Adult Swim’s animated “Rick and Morty” show would return, McDonald’s now promises the sauce will be available at all its US restaurants beginning on Monday Feb. 26. The fast-food chain made the announcement on wewantthesauce.com early Thursday, while also apologizing for the October fiasco where very limited amounts of the sauce were released, much to the anger of fans. After that disaster, McDonald’s promised to do better.
“We’ve worked every day since October to bring back much, much, more of the sauce our fans have been craving,” the statement on the website reads. “And we’re excited to announce that starting Monday, February 26, 20 million packets of Szechuan Sauce will be available across all US McDonald’s restaurants with a qualifying purchase, while supplies last (which this time around, we hope is a while).” The restaurant also posted a new podcast the chain made in conjunction with Studio@Gizmodo and Onion Labs. Titled “The Sauce,” the podcast’s three episodes — “Good Intentions,” “The Szechuan Sauce Riots,” and “Making Amends” — take a few pokes at mystery/true-crime podcasts such as “Serial” and “S-Town,” as host Catherine LeClair gravely digs into the furor surrounding the consequential condiment.
Our analysts have given a “HOLD” rating to McDonald’s stock. The rise this week is expected to continue throughout the week. The current holders of this stock are advised not to sell it yet.