McDonald's Corp posted a smaller-than-expected drop in worldwide sales at established restaurants in May after a lift from value meal deals in Europe helped offset continued weakness in the United States, its top market for profit.
Some of the top U.S. hedge fund investors and activists, including Jana Partners LLC, took new positions or raised their equity stakes in fast food chain McDonald's Corp during the first quarter, according to regulatory filings on Friday.
Wall Street was poised to open higher on Monday ahead of data that is expected to show demand for U.S. factory orders rose in March, signaling that the manufacturing sector is strengthening despite a stronger dollar.
Investors will rake in more than $1 trillion in 2015 as U.S. companies increase stock buybacks and boost dividends, Goldman Sachs Group Inc said, with benefits coming soon as many S&P 500 companies exit a blackout period for repurchases next week.
Two days after McDonald’s Corp. said its chief executive officer was leaving the company amid a prolonged sales slump, the world’s largest restaurant chain is hoping to turn the corner by giving away food.