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

U.S. stocks fell on Wednesday, with the Dow Jones experiencing its worst session in over a month. Apple and Nvidia dragged the Nasdaq down, while McDonald's shares dropped due to an E. coli outbreak. AT&T reported strong earnings, and Boeing posted a loss. The Fear & Greed Index remained in the 'Greed' zone.

Portfolio Pulse from Avi Kapoor

October 24, 2024 | 6:30 am

Former President Donald Trump's brief work stint at a McDonald's in Pennsylvania led to a surge of polarized reviews on Yelp, prompting Yelp to temporarily disable reviews for the location. McDonald's distanced itself from political endorsements, while Yelp investigates the authenticity of the reviews.

Portfolio Pulse from Chris Katje

October 23, 2024 | 11:28 pm

The USDA is investigating the safety of McDonald's ground beef patties following an E.Coli outbreak, although slivered onions are suspected as the source. A state partner has collected samples for testing.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 9:25 pm

An E. Coli outbreak linked to McDonald's in Colorado is expected to result in more cases. This situation could impact McDonald's reputation and customer trust in the short term.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:30 pm

McDonald's is under scrutiny as the USDA investigates whether beef is the source of an illness outbreak. The trace back process is ongoing, and McDonald's spokespeople are cooperating with the USDA's efforts.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 4:25 pm

McDonald's is investigating a potential link between its beef products and a recent outbreak. The company has not ruled out beef as a contributing factor.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 4:25 pm

An E. Coli outbreak at McDonald's is expected to have minimal impact on its stock, with analysts maintaining their ratings. The outbreak has led to 49 cases across 10 states. Analysts compare the situation to past outbreaks at Chipotle and Jack In The Box, but believe McDonald's is better positioned to contain it.

Portfolio Pulse from Chris Katje

October 23, 2024 | 4:13 pm

McDonald's is addressing an E. Coli outbreak linked to slivered onions in its Quarter Pounders. The company has temporarily removed the product from restaurants in 13 states and is collaborating with the CDC and suppliers to ensure food safety and restore supply.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 4:11 pm

McDonald's shares are under pressure due to an E. coli outbreak linked to its hamburgers, resulting in multiple analyst downgrades and a 4.24% drop in stock price.

Portfolio Pulse from Adam Eckert

October 23, 2024 | 3:59 pm

McDonald's stock experienced a decline due to an E. Coli outbreak, while AT&T's stock rose following positive Q3 earnings. The 10-year Treasury yield increased by 0.71%.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 3:44 pm

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