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) 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

A significant bearish stance has been taken on McDonald's (NYSE:MCD) as observed from unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $220.0 to $300.0 for McDonald's over the last 3 months. The price of MCD is currently down -0.76% at $267.72. Analysts from Truist Securities, Tigress Financial, Wells Fargo, and TD Cowen have maintained or adjusted their ratings and price targets for McDonald's.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 8:45 pm

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:48 pm

Benzinga's options activity scanner has identified unusual trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Carvana (CVNA), McDonald's (MCD), Nike (NKE), Li Auto (LI), Planet Fitness (PLNT), Home Depot (HD), Overstock.com (OSTK), Airbnb (ABNB), and Caesars Entertainment (CZR). The article provides detailed information about the options activity for each stock, including the type of option (put or call), the trade type, the sentiment (bearish, bullish, or neutral), the expiration date, the strike price, the total trade price, the open interest, and the volume.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:35 pm

McDonald's Corporation is planning to increase its royalty fees from 4% to 5% for new franchisees starting January 1, 2024. This is the first such increase in nearly 30 years. The change will not affect current franchisees who maintain or expand their existing footprint or those purchasing an existing franchised location. The increased rate will apply to new franchisees, purchasers of company-owned restaurants, and relocated eateries.

Portfolio Pulse from Akanksha Bakshi

September 22, 2023 | 1:51 pm

Wall Street analysts have made new stock picks for several consumer discretionary stocks. The Home Depot (HD) received a Hold rating from Stifel and a Buy rating from Truist Securities. McDonald's (MCD) received a Buy rating from Truist Securities and an Outperform rating from TD Cowen. Nike (NKE) received an Overweight rating from Wells Fargo and a Sell rating from Williams Trading. Lowe's Companies (LOW) received a Buy rating from both Stifel and B of A Securities.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 1:14 pm

McDonald's is set to increase its franchise royalty fees for new U.S. restaurants from 4% to 5%, the first hike in nearly 30 years. The change, effective from Jan. 1, will not affect existing franchisees maintaining their current footprint or buying a franchised location from another operator. However, new franchisees, buyers of company-owned restaurants, and relocated restaurants will be affected. The move may face backlash due to McDonald's strained relationship with its U.S. franchisees.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 12:36 pm

A 'whale' investor has taken a bullish stance on McDonald's (NYSE:MCD), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whales have been targeting a price range from $265.0 to $300.0 for McDonald's over the last 3 months. The price of MCD is currently down -2.16% at $271.22. Tigress Financial and Truist Securities have maintained their Buy rating on McDonald's, while TD Cowen downgraded its action to Outperform and Wells Fargo upgraded its action to Overweight.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 8:49 pm

Insiders at Travelzoo (NASDAQ:TZOO), HubSpot, Inc. (NYSE:HUBS), McDonald's Corporation (NYSE:MCD), and Halliburton Company (NYSE:HAL) have recently sold shares. Travelzoo's 10% owner sold shares following weaker-than-expected Q2 results. HubSpot's Executive Chair sold shares after upbeat Q2 results. McDonald's CEO sold shares after better-than-expected Q2 results. Halliburton's EVP sold shares amidst questions about the company's trade relationship with Russia.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 11:24 am

Truist Securities has maintained its Buy rating for McDonald's (NYSE:MCD) but lowered its price target from $340.00 to $335.00. McDonald's shares are currently trading up 0.66% at $279.97 per share. A move to $335.00 would represent a 19.66% increase from the current share price.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 5:00 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.