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

Krispy Kreme is considering expansion following a successful test of selling doughnuts in 160 McDonald's locations in Kentucky. The company has found that it can service fast-food restaurants with doughnuts, similar to its operations in grocery stores and gas stations. Krispy Kreme CFO Josh Charlesworth stated that the company could serve more McDonald's stores, but expansion is dependent on McDonald's decision. The test could reveal Krispy Kreme's limitations as the doughnut chain has a limited number of shops or hubs where it makes doughnuts for delivery. The company is considering increasing its doughnut-making capacity in more parts of the country.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 1:44 pm

McDonald's (NYSE:MCD) is rumored to be introducing a 'Loki'-themed sweet and sour sauce, according to a viral TikTok video. The company hinted at a promotion for August 14, linked to the Disney+ series 'Loki'. The individual behind the video appears to be a McDonald's employee. McDonald's has previously seen success with celebrity collaborations for meal promotions.

Portfolio Pulse from Benzinga Neuro

August 09, 2023 | 5:33 am

A significant amount of unusual options activity has been observed for McDonald's (NYSE:MCD), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is from $240.0 to $310.0. The current price of MCD is up 1.25% at $290.61. Several financial institutions have maintained their positive ratings on McDonald's, with price targets ranging from $315 to $343.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 4:30 pm

Starbucks Corporation (NASDAQ:SBUX) reported mixed Q3 earnings, with sales growth in China being a highlight. The company made $9.17 billion in revenue, a 12% increase but below Refinitiv’s consensus estimate of $9.29 billion. Net income was $1.41 billion, or 99 cents per share, up from $912.9 million, or 79 cents per share, in the same quarter last year. However, same-store sales in North America and international markets were weaker than expected. Starbucks' international growth was largely driven by China, where same-store sales increased by 46%. The company reaffirmed its fiscal 2023 outlook, projecting revenue growth of 10% to 12%.

Portfolio Pulse from Upwallstreet

August 04, 2023 | 11:31 am

On CNBC's 'Halftime Report Final Trades', several financial experts made their picks. Joshua Brown of Ritholtz Wealth Management picked iShares U.S. Oil & Gas Exploration & Production ETF (PSP), Liz Young of BNY Mellon Investment Management chose iShares 7-10 Year Treasury Bond ETF (IEF), Jim Lebenthal of Cerity Partners named Qualcomm Incorporated (QCOM), and Stephanie Link of Hightower picked McDonald's Corporation (MCD). Qualcomm is due to report quarterly earnings on Aug. 2, and McDonald's recently reported strong Q2 FY23 sales growth.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 11:20 am

CNBC's Halftime Report discussed final trades, highlighting QUALCOMM and McDonald's. The details of the discussion were not provided.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:47 am

Benzinga's Analyst Ratings API has identified five stock picks from Wall Street's most accurate analysts. The picks include McDonald's Corporation (MCD), Capital Bancorp, Inc. (CBNK), Union Pacific Corporation (UNP), Dynatrace, Inc. (DT), and Intel Corporation (INTC). The analysts predict upside potential for MCD, CBNK, UNP, and DT, while foreseeing a 13% downside for INTC.

Portfolio Pulse from Lisa Levin

August 01, 2023 | 12:17 pm

A significant bearish stance has been taken on McDonald's (NYSE:MCD) as indicated by unusual options activity. The sentiment among big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $275.0 to $320.0 for McDonald's over the last 3 months. The current price of MCD is down -0.7% at $291.97. Several financial institutions have maintained their positive ratings on McDonald's with price targets ranging from $310 to $330.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:31 pm

McDonald's (NYSE:MCD) has outperformed the market over the past 20 years by 5.79% on an annualized basis, producing an average annual return of 13.79%. If an investor had bought $1000 of MCD stock 20 years ago, it would be worth $13,382.68 today.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:30 pm

Five of Wall Street's most accurate analysts have made new stock picks. Zachary Fadem from Wells Fargo maintained an Equal-Weight rating on McDonald's Corporation (MCD) and increased the price target from $304 to $310. Chris Caso from Wolfe Research maintained an Underperform rating on Intel Corporation (INTC) and raised the price target from $27 to $31. Mark Levin from Benchmark maintained a Buy rating on Union Pacific Corporation (UNP) and raised the price target from $230 to $264. Rick Patel from Raymond James maintained an Outperform rating on Skechers U.S.A., Inc. (SKX) and raised the price target from $58 to $59. Eric Wold from B. Riley Securities downgraded MarineMax, Inc. (HZO) from Buy to Neutral and cut the price target from $48 to $43.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 11:46 am

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