Market Update: McDonalds Corporation (NYSE:MCD) – SEIU to McDonald’s Franchisees: Company’s Asia Refranchising Plan Comes with Supersize Risk

[Business Wire] – WASHINGTON–(BUSINESSWIRE)– As McDonald’s Corp. ( NYSE:MCD – News) seeks buyers for more than 3,000 stores throughout Asia, the Service Employees International Union sent a letter Monday to thousands of franchisees arguing that the company’s move towards a “master franchisee” model could lead to “harmful consequences” for operators across the continent. SEIU reached out to franchisees in China, Japan, South Korea and Taiwan who would be affected by McDonald’s decision to replicate in Asia a model that has harmed operators in other markets. The vast majority of them would likely become sub-franchisees under the new ownership structure and could face higher royalty costs, a new conflicted competitor in the form of a master franchisee, and the prospect of paying for the McDonald’s brand without the high level of support they currently receive. Read more on this. , with a current market cap of $ttp://finance.ya, ended trading yesterday at $. Shares have traded today between $ per share and has traded between $ over the past year. Priced at x this year’s forecasted earnings, MCD shares are relatively inexpensive compared to the industry’s x forward p/e ratio. Consensus earnings for the current quarter by the 0 sell-side analysts covering the stock is an estimate of $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $, which would be a $0.00 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $0.00 . If realized, that would be a 0.00% decrease over the year-ago quarter. Recently, d MCD from to (). Previously, d MCD from to . The average price target for MCD shares by the analysts covering the stock is $, which is 0.00% below where the stock opened this morning. See more in (NYSE:MCD) Similar Articles: Company Update: McDonalds Corporation (NYSE:MCD) – McDonald’s wins EU ‘MacCoffee’ trademark dispute Company Update: McDonalds Corporation (NYSE:MCD) – McDonald’s to add more than 1,500 outlets in China, HK, Korea Company Update: McDonalds Corporation (NYSE:MCD) – McDonald’s Celebrates Friendship by Sending 100 Kids From Around the World to Be in the Rio 2016 Olympics Opening Ceremony