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

The latest 13F filings show significant portfolio changes by major hedge funds. Berkshire Hathaway's top buys were LSXMA and SIRI, with sells including ATVI and GM. Bridgewater Associates increased stakes in consumer brands and bought SLB and AVGO, selling JNJ and VWO. Greenlight Capital invested in GLD and stocks in the material and energy sectors. Scion Asset Management bet against the semiconductor space with puts on SOXX and against BKNG. Pershing Square Capital bought more GOOGL, HLT, and HHH, selling some LOW.

Portfolio Pulse from Surbhi Jain

November 16, 2023 | 6:12 pm

Bridgewater Associates, founded by Ray Dalio, has a portfolio heavily weighted towards consumer stocks, with significant stakes in Coca-Cola, Costco, and Walmart among others. The hedge fund's latest 13F filing for Q3 2023 shows a 40.63% investment in consumer discretionary and staples stocks. Bridgewater has increased its holdings in companies like Procter & Gamble, Coca-Cola, Costco, PepsiCo, Walmart, McDonald's, and CVS Health, while reducing positions in PDD Holdings, Starbucks, and Johnson & Johnson. This strategy aligns with the recent dip in U.S. inflation, suggesting a potential shift in the economic environment.

Portfolio Pulse from Surbhi Jain

November 15, 2023 | 9:32 pm

McDonald's and Crocs have announced a collaboration to launch a line of shoes, socks, and Jibbitz charms. The collection, inspired by fans of both brands, will be available from November 14 in over 30 countries globally.

Portfolio Pulse from Charles Gross

November 13, 2023 | 11:41 am

McDonald's Inc. (NYSE:MCD) shares are trading at $267.35, with a recent increase of 0.16% and a 7.65% rise over the past month. Despite this, the stock has fallen by 1.82% over the past year. The P/E ratio of McDonald's is 23.54, which is lower than the industry average of 122.21. This could suggest that the stock is undervalued or that shareholders expect lower future growth compared to its industry peers.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 7:30 pm

Krispy Kreme Inc's (NASDAQ:DNUT) shares are trading lower after the company reported Q3 FY23 earnings. Sales growth was 7.9% YoY, missing the analyst consensus estimate. The company reported an operating loss for the quarter and adjusted EPS also missed the consensus. However, adjusted EBITDA increased 13.5% YoY. The company is in advanced discussions about expanding its partnership with McDonald's Corporation (NYSE:MCD).

Portfolio Pulse from Shivani Kumaresan

November 09, 2023 | 4:03 pm

Alistair Macrow, the head of McDonald's Corp in the UK and Ireland, is set to face a parliamentary inquiry over serious accusations including sexual misconduct, discriminatory practices, and harassment within the franchise's operations. The inquiry follows a BBC report revealing over 100 testimonials from current and former employees about a distressing work environment. Macrow will testify on November 14th. McDonald's shares closed lower by 0.44% at $267.49 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

November 09, 2023 | 1:49 pm

A significant bullish stance has been taken on McDonald's (NYSE:MCD) by a large investor or institution, as indicated by a large position in the company's options. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options trades include 2 puts totaling $162,725 and 14 calls totaling $870,515. The targeted price range for McDonald's over the last 3 months is from $145.0 to $275.0. Analysts have mixed views on McDonald's, with some lowering their ratings and others maintaining an Outperform rating.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 6:37 pm

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:12 pm

The article reports on the options activity of 10 consumer discretionary stocks in today's session. The stocks include Tesla (TSLA), Norwegian Cruise Line Holdings (NCLH), McDonald's (MCD), Airbnb (ABNB), Gap Inc. (GPS), Wyndham Hotels & Resorts (WH), DraftKings (DKNG), Home Depot (HD), Domino's Pizza (DPZ), and Toll Brothers (TOL). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 5:35 pm

McDonald's (NYSE:MCD) has seen a 6.59% rise in short percent of float since its last report, with 7.07 million shares sold short, representing 0.97% of all regular shares available for trading. This increase in short interest could indicate a bearish market sentiment towards McDonald's. However, compared to its peers, McDonald's has less short interest, with an average of 9.43% for its peer group.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 4:15 pm

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