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

TD Cowen analyst Andrew Charles reiterates a Buy rating on McDonald's (MCD) and maintains a $305 price target.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:24 pm

U.S. stocks traded lower, with the Dow Jones falling over 200 points. McDonald's reported mixed Q1 results, missing EPS estimates but beating sales forecasts. Akili, AGBA Group, and Global Mofy Metaverse saw significant stock increases, while Lichen China, Vince Holding, and Medifast experienced notable declines. Oil prices rose slightly, while gold and silver fell. European and Asian markets showed mixed results, with various economic indicators reported.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 2:17 pm

McDonald's Corp (NYSE:MCD) reported a Q1 FY24 sales growth of 4.6% to $6.17 billion, slightly above analyst expectations but saw its shares slide due to an adjusted EPS of $2.70 missing estimates by $0.02. Global comparable sales increased by 1.9%, with U.S. sales up 2.5%. Operating income rose 8% to $2.7 billion. The company anticipates a mid-to-high 40% operating margin for FY24 and plans to open about 2,100 restaurants globally.

Portfolio Pulse from Shivani Kumaresan

April 30, 2024 | 1:32 pm

McDonald's reported mixed Q1 financial results, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:03 am

McDonald's reported Q1 2024 earnings with an adjusted EPS of $2.70, missing the $2.72 estimate, but sales of $6.17B exceeded the $6.16B estimate, marking a 4.61% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:00 am

Wall Street is cautious ahead of the Federal Reserve's interest rate decision, with futures trading lower. The earnings season, including Amazon and AMD's reports, adds to market volatility. Analysts anticipate no rate cuts from the Fed but don't rule out future reductions. Stocks like F5, Inc. and Tesla saw premarket movements, while several companies are set to report earnings. Global markets show mixed reactions, with commodities and bonds seeing modest changes.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 10:57 am

U.S. stock futures are trading lower, with investor focus on earnings reports from Coca-Cola, Yum China Holdings, McDonald's, Sensata Technologies, and Amazon. Coca-Cola is expected to report earnings of 65 cents per share, Yum China posted mixed results, McDonald's is anticipated to report earnings of $2.54 per share, Sensata reported strong results and announced CEO retirement, and Amazon is expected to report earnings of 77 cents per share.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 6:13 am

U.S. stocks rose on Monday, led by a 15% jump in Tesla shares on news of a partnership with Baidu for Full Self-Driving in China. Apple shares also increased by 2.5% following an upgrade by Bernstein. ON Semiconductor reported better-than-expected Q1 results. The Dow Jones gained 146 points, while the S&P 500 and Nasdaq also saw increases. Investors are awaiting earnings from Amazon, McDonald's, Starbucks, and Coca-Cola. The CNN Money Fear and Greed index indicated improved market sentiment but remained in the 'Fear' zone.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 6:13 am

McDonald's Corporation (NYSE:MCD) is anticipated to report higher Q1 earnings with an expected EPS of $2.72, up from $2.63 year-over-year, and revenue of $6.16 billion, up from $5.9 billion. The company plans to repurchase all its franchises in Israel amid Middle East tensions. Shares rose 0.2% to $273.55 recently. Analysts have adjusted their price targets and ratings, with changes reflecting a mix of maintained ratings and reduced price targets.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 5:06 am

California's minimum wage increase for fast-food workers has led to menu price hikes across the state, with chains like Chipotle, McDonald's, Jack in the Box, and Shake Shack planning to raise prices. This follows a mandated rise in hourly pay to $20 by April, causing a statewide average price increase of 10%, outpacing other regions. Chipotle reported a 6% to 7% price increase at its California locations.

Portfolio Pulse from Shivani Kumaresan

April 29, 2024 | 4:33 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.