Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  McDonald's Corporation    MCD

MCDONALD'S CORPORATION

(MCD)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

No meat please! Nestle may extend plant-based burger partnerships

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/12/2019 | 08:10am EDT
FILE PHOTO - A huge advertisement for a branch of fastfood giant McDonald's is seen on the outskirts of Berlin

(This June 11 story has been corrected to delete erroneous reference to talks with McDonald's in fifth paragraph, amend headline.)

"McDonald's is an exciting and big customer, but it is not the only option and we have quite good capacity to cope with a (possible) extension beyond Germany," Marco Settembri, the Chief Executive of Nestle's Europe, Middle East and North Africa business said.

The market for meat substitutes could soar to $140 billion over the next decade, according to Barclays, as many health- and climate-conscious consumers seek to reduce their meat consumption.

Nestle launched its plant-based Incredible Burger in April under the Garden Gourmet brand in several European countries. The same month, McDonald's started selling the patties as "Big Vegan TS" in its 1,500 restaurants in Germany.

Early results of the launch in Germany were promising, Settembri said.

"For both (of us), if we do it, if we go ahead, we want to do it right. We have capacity of course, but we really need to plan it and we need to do it well," he told a Deutsche Bank conference.

Nestle is also working with other operators to supply products to business customers but Settembri insisted that the company's retail channel, a "historical strength", was very important as well.

He said he didn't see the meat alternatives as a threat to Nestle's existing business as it doesn't have many meat products and recently put its Herta meat and cold cuts unit on the block.

Switzerland-based Nestle has also announced plans to launch a plant-based burger in the U.S. later this year, where it will compete with products made by Beyond Meat and Impossible Foods.

In an interview with Reuters last week, the heads of Nestle's Sweet Earth brand, Kelly and Brian Swette, said their Awesome Burger would be available from retailers and at restaurants in the U.S. in September or October.

They declined to comment on a possible launch with McDonald's.

(Reporting by Silke Koltrowitz. Additional reporting by John Revill and Siddharth Cavale; Editing by Kirsten Donovan)

Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.05% 141.575 End-of-day quote.-4.87%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.02% 108.475 End-of-day quote.-13.08%
MCDONALD'S CORPORATION -0.23% 213.78 Delayed Quote.19.95%
NESTLÉ -0.51% 101.9 Delayed Quote.28.35%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MCDONALD'S CORPORATION
02:52pMCDONALD : Strikes Delivery Deal with DoorDash -- 2nd Update
DJ
02:28pMCDONALD : Strikes Delivery Deal with DoorDash -- Update
DJ
02:20pMCDONALD : Summary ToggleMcDonald's Adds DoorDash as U.S. McDelivery Partner
PU
02:15pMCDONALD : Strikes Delivery Deal with DoorDash
DJ
08:05aMCDONALD : Summary ToggleMcDonald's Happy Meal Makes Mealtime Deliciously Balanc..
PU
07/15MCDONALD : Summary ToggleMcDonald's Restaurants Testing Blueberry McGriddles® Br..
PU
07/15MCDONALD : Summer Internships at MHQ
PU
07/15Food-Delivery Companies Serve Restaurants Better Tech
DJ
07/10MCDONALD : National French Fry Day Giveaway
PU
07/10PAPA JOHN 'L : Appoints industry veteran jim norberg as svp and chief of restaur..
AQ
More news
Financials (USD)
Sales 2019 21 026 M
EBIT 2019 9 237 M
Net income 2019 6 109 M
Debt 2019 33 269 M
Yield 2019 2,18%
P/E ratio 2019 26,7x
P/E ratio 2020 24,7x
EV / Sales2019 9,36x
EV / Sales2020 9,23x
Capitalization 164 B
Chart MCDONALD'S CORPORATION
Duration : Period :
McDonald's Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MCDONALD'S CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Average target price 219,19  $
Last Close Price 214,21  $
Spread / Highest target 9,71%
Spread / Average Target 2,32%
Spread / Lowest Target -6,63%
EPS Revisions
Managers
NameTitle
Stephen J. Easterbrook President, Chief Executive Officer & Director
Enrique Hernandez Non-Executive Chairman
James R. Sappington Executive VP-Operations & Technology Systems
Kevin M. Ozan Chief Financial Officer & Executive Vice President
Robert A. Eckert Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
MCDONALD'S CORPORATION19.95%162 401
YUM BRANDS20.81%34 116
CHIPOTLE MEXICAN GRILL INC.75.98%20 510
RESTAURANT BRANDS INTERNATIONAL INC32.16%18 133
YUM CHINA HOLDINGS INC31.76%16 806
DOMINO'S PIZZA, INC.8.84%11 412