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) is reintroducing the Double Big Mac nationwide on January 24 with improvements such as softer buns, a better sear, more sauce, and improved cheese melting. The CEO, Chris Kempczinski, sees this as a way to fulfill a promise for larger burgers without extra staff effort, using existing ingredients. Despite potential headwinds from Middle East conflict and misinformation, McDonald's aims to offer value with this limited-time product. McDonald's stock closed 1.1% higher at $294.09 before the announcement.

Portfolio Pulse from Benzinga Neuro

January 11, 2024 | 7:14 am

Over the past 20 years, McDonald's (NYSE: MCD) has produced an average annual return of 12.98%, outperforming the market by 5.65% on an annualized basis. A $100 investment in MCD stock 20 years ago would be worth $1,152.69 today. The company's current market capitalization is $209.61 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 2:30 pm

Oppenheimer analyst Brian Bittner has provided his top picks for 2024 in the quick service restaurant sector, upgrading Yum! Brands (YUM) to Outperform with a $154 price target (PT) and highlighting its digital sales growth and diversified business model. McDonald's (MCD) was downgraded to Perform due to a lack of identifiable catalysts for 2024. Papa John's (PZZA) was also downgraded to Perform, with the analyst expecting lower FY24 EPS than consensus. Domino's Pizza (DPZ) is a top pick with an Outperform rating and a $470 PT, expected to outperform due to a revival story and new partnerships. Restaurant Brands International (QSR) maintains an Outperform rating and an $89 PT, with anticipated EPS growth. Sweetgreen (SG) is rated Outperform with a $15 PT, as the analyst sees a transition to sustainable EBITDA profitability starting in 2024.

Portfolio Pulse from Shivani Kumaresan

January 05, 2024 | 6:25 pm

Oppenheimer analyst Brian Bittner has downgraded McDonald's (NYSE:MCD) from Outperform to Perform, indicating a neutral outlook on the stock without specifying a target price.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:28 pm

McDonald's Corp (MCD) stock has seen a slight decline after CEO Chris Kempczinski released a letter on LinkedIn discussing potential business headwinds in the Middle East due to the war and associated misinformation. Kempczinski emphasized the local community connections of McDonald's franchises. Other fast-food companies such as Wendy's Co (WEN), Restaurant Brands International Inc (QSR), and Yum! Brands Inc (YUM) also experienced stock movements. McDonald's is set to report quarterly earnings soon, with analysts expecting $2.82 EPS on $6.44 billion revenue.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 6:46 pm

McDonald's President Chris Kempczinski shared a LinkedIn report discussing the company's innovation and growth strategy, 'Accelerating the Arches', which led to achievements in 2023 such as 150 million active loyalty users and expansion of products like McCrispy and Best Burger. Despite challenges from the war in the Middle East and associated misinformation, McDonald's remains committed to local communities and plans to continue innovating and expanding in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 5:24 pm

Stifel analyst Chris O'Cull has maintained a Hold rating on McDonald's (NYSE:MCD) and increased the price target from $285 to $322.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:41 pm

McDonald's Corp (NYSE:MCD) is approaching a record high, just 1% away from surpassing its all-time high of $299. The stock has rebounded 19% after a 17% decline in July and has risen 12% in 2023. Over the past decade, MCD has seen a 204% increase. Investors are eyeing the Q4 earnings report due on January 30th, with analysts predicting earnings of $2.56. The stock closed at $294.39 on January 3.

Portfolio Pulse from Zaheer Anwari

January 04, 2024 | 4:33 pm

On CNBC's 'Halftime Report Final Trades,' Joseph Terranova recommended Merck & Co., despite the FDA's CRL on gefapixant for RCC and UCC. Stephanie Link expects McDonald's revenues to rise, citing legal action by GAR against BDS Malaysia and a Buy rating from HSBC with a $317 target. Bryn Talkington highlighted Pacer US Cash Cows 100 ETF's high free cash flow yield as a strong trade for 2024. Merck's stock rose 1.4%, McDonald's fell 0.9%, and COWZ dropped 0.5% on Wednesday.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 2:11 pm

Insiders at Nordson, McDonald's, HP, and DoorDash have recently sold shares of their companies. Nordson's EVP Stephen Lovass sold 2,000 shares, McDonald's EVP Heidi Capozzi sold 2,750 shares, HP's CEO Enrique Lores sold 38,000 shares, and DoorDash's CFO Ravi Inukonda sold 7,000 shares. These sales occurred as Nordson posted strong quarterly results, McDonald's faced legal action in Malaysia, HP received an analyst upgrade, and DoorDash was added to the Nasdaq-100 Index.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 12:59 pm

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