Streetbeat News

MCD

McDonald's Corporation

https://corporate.mcdonalds.com

Industry

Restaurants

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches. As of December 31, 2021, the company operated 40,031 restaurants. McDonald's Corporation was founded in 1940 and is headquartered in Chicago, Illinois.

Open

294.84

Mkt cap

212B

Volume

1.3M

High

296.50

P/E Ratio

25.93

52-wk high

317.90

Low

293.87

Div yield

0.02

52-wk low

243.53

McDonald's Corp (NYSE:MCD) shares have dropped nearly 15% in 2024 due to inflation-related declines in demand. Franchisee Scott Rodrick discussed on CNBC the need for a national value proposition to regain customers, including a $5 meal deal launching soon. Bank of America analyst Sara Senatore holds a Neutral rating for MCD with a price target of $288.

Portfolio Pulse from Hayden Buckfire

May 28, 2024 | 8:20 pm

B of A Securities has maintained a Neutral rating on McDonald's (NYSE:MCD) but has lowered the price target from $302 to $288.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 4:57 pm

McDonald's (NYSE:MCD) and Yum! Brands' (NYSE:YUM) KFC are facing significant sales declines in Asia, the Middle East, and parts of Europe due to boycotts linked to the Israel-Gaza conflict. The boycotts are particularly severe in Muslim-majority countries, impacting McDonald's and KFC outlets in Egypt, Jordan, Morocco, Indonesia, Malaysia, and Pakistan.

Portfolio Pulse from Benzinga Neuro

May 24, 2024 | 10:10 am

Deep-pocketed investors have adopted a bearish approach towards McDonald's (NYSE:MCD), as revealed by Benzinga's options scanner. The scanner highlighted 18 extraordinary options activities, with 61% of the sentiment being bearish. Significant options trades include puts totaling $576,811 and calls amounting to $236,821. Analysts have mixed opinions, with price targets ranging from $300 to $315.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 7:30 pm

TD Cowen analyst Andrew Charles has reiterated a Buy rating on McDonald's (NYSE:MCD) and maintained a price target of $305.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:09 am

Investors with significant capital have shown a bullish stance on McDonald's (NYSE:MCD) through options trading. Benzinga's options scanner detected 12 unusual trades, with a mix of 33% bullish and 25% bearish sentiment. The trades suggest a price range of $265 to $295 for McDonald's. Analysts have set an average price target of $309, with recent ratings from TD Cowen, Wedbush, BMO Capital, Guggenheim, and Baird.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 6:45 pm

McDonald's (NYSE:MCD) has outperformed the market over the past 20 years, delivering an average annual return of 12.64%. A $1000 investment in MCD 20 years ago would be worth $10,761.10 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 8:30 pm

McDonald's is actively cooperating with the local market regulator in China to investigate and verify reports of food issues, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:38 pm

McDonald's has initiated a collaboration with a Chinese watchdog in response to reported food safety concerns, committing to enhance restaurant regulation. This move comes after unspecified food safety issues were highlighted, prompting the fast-food giant to take immediate action to address these concerns and ensure compliance with local regulations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:22 pm

McDonald's Corp. is reportedly launching a $5 meal deal to attract cash-squeezed customers, partnering with Coca-Cola Co for marketing support. This move comes after a failed attempt earlier due to franchisee concerns over profitability amidst rising costs. The deal aims to reinforce McDonald's value proposition, especially as menu prices have doubled since 2014, outpacing inflation and price increases at competitors like Chipotle Mexican Grill, Inc. and Starbucks Corp. McDonald's shares rose 2.6% following the report.

Portfolio Pulse from Hayden Buckfire

May 10, 2024 | 7:28 pm

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