Everything You Need To Know About McDonald's Investor Day Presentation

Shares of McDonald's Corporation (NYSE: MCD) were halted Wednesday morning ahead of the company's Investor Day presentation. The stock resumed at 12:23 p.m. ET.

Here is a recap of what's been said at the meeting so far:

• McDonald's CFO Kevin Ozan talked about G&A discipline efforts.
• Ozan said that actions the company has taken over the past two years resulted in over $200 million in savings.
• Ozan added that the company remains on track to achieve $500 million in savings.
• Management said that delivery in China accounts for 10 percent of total system sales in the country.
• Management hinted that GrubHub Inc (NYSE: GRUB) could be a delivery partner.
• Management cited a near-term goal of reversing guest count declines that was seen over the past few years.
• Coffee remains a big opportunity and it may launch new flavors and add more dessert options to its menu.
• Management talked about its "Experience of the future" (EOTF) and how a mobile ordering and payment system will be implemented.
• In terms of guidance the company sees its system-wide sales growth being in the range of 3 to 5 percent beginning in 2019.
• Management also guided its operating margin to be in the high 20 percent range to mid-40 percent range.

McDonald's stock was last seen at $128.