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 Corporation (NYSE:MCD) is set to repurchase all its franchises in Israel from Alonyal Limited, amid ongoing Middle East tensions. This decision follows a period of challenges in the region, including a sales miss attributed to the Israel-Hamas conflict. The move aims to ensure a positive experience for employees and customers, with the transaction expected to close in the coming months.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 10:02 am

Poseidon Investment Management enters the New York cannabis market through an investment in PCA (Platform Cannabis Advisors), a startup aimed at supporting social equity license holders in establishing dispensaries. PCA, founded by former New York's Office of Cannabis Management employees Ben Sheridan and Matthew Greenberg, leverages their regulatory knowledge to navigate financial and legal challenges. The investment marks Poseidon's first venture into the NYC market, highlighting its strategy to support the cannabis industry's growth. McDonald's (NYSE: MCD) is mentioned as a comparison to PCA's business model.

Portfolio Pulse from Rolando García

April 04, 2024 | 10:00 pm

Over the past 20 years, McDonald's (NYSE:MCD) has outperformed the market with an annualized return of 11.94%, turning a $100 investment into $954.10. The company's market capitalization stands at $199.92 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 6:00 pm

Erste Group analyst Hans Engel downgrades McDonald's (NYSE:MCD) from Buy to Hold, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:28 pm

Financial analysts have observed a significant bullish trend in McDonald's (NYSE:MCD) options trading, with 69% of trades being bullish. The analysis highlighted a focus on a price range between $270.0 and $320.0 for McDonald's, based on unusual trading activity. The largest trades were call options, indicating a strong bullish sentiment towards MCD. McDonald's, a global leader in the fast-food industry, has a current stock price of $279.5, slightly down by -0.26%. The next earnings report is expected in 28 days, and the current RSI values suggest the stock may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:45 pm

Evercore ISI Group analyst David Palmer has maintained an Outperform rating on McDonald's (NYSE:MCD) and kept the price target at $330.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:36 pm

Krispy Kreme Inc (NASDAQ:DNUT) shares surged after expanding its national partnership with McDonald's Corp (NYSE:MCD), aiming to offer its doughnuts in McDonald's restaurants nationwide by the end of 2026. The partnership, which includes popular Krispy Kreme doughnuts, follows a successful test in Kentucky, with expectations to double Krispy Kreme's points of access.

Portfolio Pulse from Shivani Kumaresan

March 26, 2024 | 12:03 pm

McDonald's USA and Krispy Kreme have announced an expanded national partnership, with Krispy Kreme to supply fresh doughnuts daily to McDonald's restaurants across the country. The phased rollout is set to begin in the second half of 2024, aiming for nationwide availability by the end of 2026. Three of Krispy Kreme's most popular doughnuts will be delivered fresh to McDonald's locations every day.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:04 am

The number of cannabis dispensaries in the US has surpassed McDonald's locations, reflecting changing attitudes towards cannabis. Over half of Americans live in areas allowing recreational use, with nearly 15,000 dispensaries nationwide. Challenges include competition with the illicit market and high taxes. The Benzinga Cannabis Capital Conference in Florida will address these issues and opportunities in the cannabis industry.

Portfolio Pulse from Abbey Higginbotham

March 25, 2024 | 1:04 pm

Insiders at AutoNation, Array Technologies, Analog Devices, and McDonald's have recently sold shares, indicating potential concerns or views of overvaluation. These sales come amidst various company developments, including earnings reports and analyst ratings.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 12:13 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.