Wednesday, January 16, 2013

Chart of the Day - Burger King Worldwide (BKW)


The "Chart of the Day" is Burger King Worldwide (BKW), which showed up on Thursday's "All-Time High" list. Burger King posted an all-time Thursday at $18.04 and closed up +1.69%. TrendSpotter has been long since Dec 13 at $17.12. In recent news on the stock, PepsiCo announced on Thursday that it had formed a partnership with Burger King in China to make Pepsi the exclusive supplier of soft drinks for more than 100 Burger King restaurants in the Asian country, according to China Daily. On Dec 27, Burger King announced that it has entered into a multi-country, Master Franchise Joint Venture Agreement with BEBOCA LTD in Central America. The new joint venture will acquire the master franchise rights for the 178 Burger King restaurants in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama and has committed to manage the aggressive development of the Burger King® brand in these countries. Burger King Worldwide, with a market cap of $6.211 billion, operates fast food hamburger chains throughout the world.

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