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

297.72

Mkt cap

210B

Volume

High

299.50

P/E Ratio

25.71

52-wk high

317.90

Low

289.75

Div yield

0.02

52-wk low

243.53

US stocks are expected to open weaker as investors focus on upcoming earnings from major companies like Alphabet, AMD, and Pfizer. Analysts suggest earnings may exceed Wall Street expectations. The tech sector, led by Tesla, continues to drive market gains. Ford and McDonald's face premarket declines due to guidance cuts and sales drops, respectively.

Portfolio Pulse from Rounak Jain

October 29, 2024 | 11:43 am

McDonald's shares are trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:36 am

McDonald's reported flat systemwide sales for Q3 2024, indicating no growth compared to the previous period. This could suggest challenges in increasing customer traffic or sales per customer.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:01 am

McDonald's reported Q3 2024 earnings per share of $3.23, surpassing the analyst estimate of $3.20. The company's sales reached $6.900 billion, exceeding the expected $6.819 billion and marking a 3.11% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:00 am

McDonald's is set to release its Q3 earnings on Oct. 29, with expectations of $3.2 EPS and $6.82 billion in revenue. Recent analyst ratings show mixed sentiments, with some downgrades and a notable upgrade from Wells Fargo. The U.S. copyright office has allowed third-party repairs for McDonald's ice cream machines.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 7:11 am

The Dow surged over 250 points as investor sentiment improved, with the Fear & Greed Index in the 'Greed' zone. The market awaits earnings from Pfizer, Alphabet, Phillips 66, and McDonald's. Philips shares fell 16% after weak earnings.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 7:09 am

Investors are focusing on several key stocks as U.S. stock futures trade mixed. Pfizer, Phillips 66, Ford, McDonald's, and Alphabet are all set to report earnings, with varying impacts on their stock prices in after-hours trading.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 6:01 am

McDonald's is set to report its Q3 earnings amidst recent events including a visit by Donald Trump and an E. coli outbreak in the US. Analysts expect revenue of $6.82 billion and EPS of $3.20. The E. coli outbreak's impact is uncertain, but analysts suggest it may not be as severe as past outbreaks at other chains. McDonald's global franchise model may help mitigate financial impacts.

Portfolio Pulse from Chris Katje

October 28, 2024 | 7:53 pm

McDonald's is set to report its Q3 earnings with expected EPS of $3.20 and revenues of $6.82 billion. Despite a recent E. coli outbreak and pricing concerns, analysts expect minimal impact on the stock. The stock shows bearish signals, trading below key moving averages, but long-term strength remains. Analysts have a Buy rating with a price target of $318.31, though recent ratings suggest a downside.

Portfolio Pulse from Surbhi Jain

October 28, 2024 | 4:15 pm

McDonald's is set to release its quarterly earnings report on October 29, 2024, with analysts expecting an EPS of $3.19. Investors are hopeful for positive results and guidance, as past performance has shown stock price increases even with EPS misses.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 3:00 pm

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