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

A significant number of investors have taken a bearish stance on McDonald's (NYSE:MCD), with 68% of detected trades being bearish. The price range targeted by these investors over the last 3 months is $200 to $400. The current price of MCD is down -0.86% at $250.05. Analysts have mixed ratings on the stock, with price targets ranging from $283 to $355.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 7:45 pm

Traders are circulating that McDonald's (MCD) is a Street.com Action Alert Plus Pick.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:56 pm

McDonald's has announced a 10% increase in its quarterly cash dividend, raising it from $1.52 to $1.67.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 5:57 am

McDonald's (NYSE:MCD) has outperformed the market over the past 20 years, producing an average annual return of 12.42%. If an investor had bought $1000 of MCD stock 20 years ago, it would be worth $10,484.15 today.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 3:00 pm

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:14 pm

A significant bearish stance has been taken on McDonald's (NYSE:MCD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 46% bullish and 53% bearish. The price target range for McDonald's over the last 3 months has been $220.0 to $290.0. The current price of MCD is $257.32, down 0.17%. Analysts from Tigress Financial, Truist Securities, Citigroup, TD Cowen, and Wells Fargo have maintained their ratings on McDonald's, with price targets ranging from $283 to $355.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 3:31 pm

NBA superstar Michael Jordan has become the first athlete to join the Forbes 400 list, with an estimated worth of $3 billion. This wealth comes from his time as an NBA player, his ownership of the Charlotte Hornets, and his numerous brand endorsements, including deals with McDonald’s Corp, PepsiCo-owned Gatorade, and Nike Inc. The sale of the Hornets marked the second biggest sale valuation for an NBA franchise in history. Dyal HomeCourt Partners, a unit of Blue Owl Capital Inc, is an investor in the Hornets.

Portfolio Pulse from Chris Katje

October 02, 2023 | 10:58 pm

In the last quarter, McDonald's (NYSE:MCD) received mostly bullish ratings from analysts, with an average 12-month price target of $328.08, a 2.52% increase from the previous average price target of $320.00. No bearish ratings were observed.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 8:00 pm

McDonald's (NYSE:MCD) has seen an increase in its short percent of float by 11.63% since its last report, with 6.95 million shares sold short. This represents 0.96% of all regular shares available for trading. The rise in short interest could indicate a bearish market sentiment towards McDonald's. However, compared to its peers, McDonald's has less short interest as a percentage of float, with an average of 9.18%.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:45 pm

McDonald's Corp (NYSE:MCD) has announced a 1% increase in franchisee royalty charges, from 4% to 5%, starting next year. This decision is significant as franchisees operate 95% of McDonald's 40,000 global locations and their fees made up 61% of the company's $23 billion revenue last year. Meanwhile, McDonald's stock has seen a 4% decrease this month, breaching a significant support level at $271.

Portfolio Pulse from Zaheer Anwari

September 27, 2023 | 2:08 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.