McDonald's Corp. (MCD) reported 1.5% lower global comp sales on Oct. 29, and its recent E. coli outbreak pushed MCD stock down. These could be temporary issues. The good news is that it hiked the dividend by 6%, and MCD now looks attractive historically.
MCD closed at $295.21 on Friday, down over 6.7% from its recent peak of $316.56 on Oct. 18. The company and the CDC reported an outbreak on Oct. 22 of E. coli from McDonald's Quarter Pounders which has now affected 90 people in 13 states. The outbreak seems to have been contained and the risk is now low.
