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

Stephens & Co. analyst Joshua Long has reiterated an Overweight rating on McDonald's (NYSE:MCD) and maintained a price target of $325.

Portfolio Pulse from richadhand@benzinga.com

July 27, 2023 | 11:49 am

US stocks are expected to open strong on Thursday, boosted by strong earnings from Meta Platforms and a relief rally from the Federal Reserve. However, an analyst from Morgan Stanley advises caution and recommends rebalancing towards 'value-style' and 'growth at a reasonable price' stocks. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose. Meta Platforms shares surged over 8.50% following its quarterly results release.

Portfolio Pulse from Shanthi Rexaline

July 27, 2023 | 11:48 am

McDonald's has reported an increase in global comparable sales by 11.7%.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 11:02 am

McDonald's reported Q2 earnings of $3.17 per share, beating the analyst consensus estimate of $2.52 by 25.79%. This is a 24.31% increase from the same period last year. The company also reported quarterly sales of $6.50 billion, beating the analyst consensus estimate of $5.66 billion by 14.80%. This is a 13.63% increase from the same period last year.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 11:01 am

The Federal Reserve has raised the federal funds rate by 0.25% to 5.25%-5.5%, the highest level since February 2001. This has led to a decline in overall investor sentiment, as indicated by the CNN Money Fear and Greed index. Despite this, the Dow Jones closed higher, recording its longest winning streak since 1987. Alphabet Inc. and The Boeing Company reported better-than-expected quarterly results, leading to a rise in their share prices. Investors are now awaiting earnings results from McDonald's Corporation, Ford Motor Company, and Bristol-Myers Squibb Company.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 7:59 am

McDonald's, Meta Platforms, Ford Motor Company, eBay, and Bristol-Myers Squibb are the stocks to watch heading into Thursday. McDonald's and Bristol-Myers Squibb are expected to post their quarterly earnings before the opening bell. Meta Platforms and eBay reported better-than-expected Q2 results, while Ford is expected to release its earnings after the markets close.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 7:48 am

U.S. large-cap value stocks have outperformed growth peers in July, with the Vanguard Value ETF (VTV) outperforming the Vanguard Growth ETF (VUG). Financial stocks such as JP Morgan Chase, Bank of America, Wells Fargo, and Charles Schwab have contributed significantly to this rally. Industrials and energy stocks like Caterpillar, General Electric, Chevron, and ConocoPhillips also contributed favorably. The Federal Reserve is expected to announce a rate hike, causing uncertainty. However, some value stocks like Kraft Heinz, Exxon Mobil, and Lockheed Martin have shown resilience in such scenarios.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 2:39 pm

McDonald's (NYSE:MCD) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an earnings per share (EPS) of $2.52. The company's past performance shows a pattern of beating EPS estimates, but this has sometimes been followed by a drop in share price. McDonald's shares were trading at $292.36 as of July 25, with a 10.05% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 2:02 pm

The Department of Labor has found child labor violations at 16 McDonald's franchise locations in Louisiana and Texas, affecting 83 minors. In Louisiana, CLB Investments LLC was fined $56,106 for violations at 12 locations. In Texas, Marwen & Son LLC was fined $21,466 for violations at four locations. This follows a May 2023 announcement of similar violations by three McDonald's franchise operators in Kentucky.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 4:33 pm

Russia has been seizing assets from Western companies, including Danone and Carlsberg. In response, many foreign companies are planning to leave Russia or reduce their operations there. Several US companies, including Ford, IBM, McDonalds, Delta Airlines, Nike, United Airlines, Starbucks, Hewlett Packard, Uber, Netflix, American Airlines, and Dell, have announced a full retreat from the country. However, other US companies like Cloudflare, Tupperware, Procter & Gamble, Colgate-Palmolive, Kimberly Clark, Abbott Laboratories, Pfizer, Merck, Johnson and Johnson, Eli Lilly, Philip Morris, Coca-Cola, PepsiCo, Kellogg's, General Electric, Whirlpool, John Deere, FedEx, UPS, Intel, Qualcomm, Micron, Nvidia, and Apple continue to operate in Russia, albeit with reduced operations or suspended investments.

Portfolio Pulse from Natan Ponieman

July 24, 2023 | 8:45 pm

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