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

296.97

Mkt cap

214B

Volume

2.3M

High

300.67

P/E Ratio

26.32

52-wk high

326.32

Low

295.71

Div yield

0.02

52-wk low

243.53

The 97th Macy's Thanksgiving Day Parade will feature new balloons and floats from various companies. Comcast's NBC will broadcast the event, showcasing its properties with a new balloon and float. Paramount Global will feature the Good Burger Mobile and a Teenage Mutant Ninja Turtles float. Warner Bros. Discovery will present a Wonka-themed float. Solo Brands' Solo Stove will have a float emphasizing family memories. Netflix will debut a balloon for its film 'Leo' and highlight the 'One Piece' series. Apple's Peanuts franchise will introduce Beagle Scout Snoopy, and McDonald's will showcase its characters. The parade will also mark the first inclusion of an NFT collection with Cool Cats' balloon.

Portfolio Pulse from Chris Katje

November 22, 2023 | 8:09 pm

McDonald's Corp (NYSE:MCD) has increased its stake in its China business to nearly 50% by acquiring a 28% stake from Carlyle. Despite geopolitical and economic concerns, McDonald's is confident in the Chinese market's growth, with plans to expand to over 10,000 stores by 2028. The stock has risen 6% YTD and experienced a 7% rally in November, approaching the 2022 high of $281. After a peak in July 2023, the stock faced a 17% decline but has since rebounded. The stock closed at $280.47 on November 21, up by 0.52%.

Portfolio Pulse from Zaheer Anwari

November 22, 2023 | 5:14 pm

McDonald's Corp (MCD) is set to increase its stake in its China business from 20% to 48% by acquiring Carlyle Group Inc's (CG) minority stake. The financial terms were not disclosed. CITIC Consortium will maintain a 52% majority stake. The deal, subject to regulatory approval, is expected to close in Q1 2024. McDonald's China has seen over 30% systemwide sales growth since September 2019. MCD shares rose 0.59% on the news.

Portfolio Pulse from Shivani Kumaresan

November 20, 2023 | 5:36 pm

McDonald's (NYSE:MCD) has seen a decrease in short interest, with the short percent of float falling 4.12% since the last report. The current short interest is 6.74 million shares, or 0.93% of available shares, with a cover time of 1.83 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average of 9.27% short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 1:30 pm

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

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.