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

297.72

Mkt cap

210B

Volume

High

299.50

P/E Ratio

25.71

52-wk high

317.90

Low

289.75

Div yield

0.02

52-wk low

243.53

Baird analyst David Tarantino maintains an Outperform rating on McDonald's (NYSE:MCD) and raises the price target from $320 to $330.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 11:25 am

Citigroup analyst Jon Tower has maintained a Neutral rating on McDonald's (NYSE:MCD) and raised the price target from $308 to $317.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:57 am

A TikTok trend involving McDonald's Grimace dessert shake has led to a 10% increase in McDonald's second-quarter sales in the U.S. and nearly 12% globally. The trend, which involves TikTokers pretending to suffer gruesome fake deaths after sipping the shake, has garnered 2.9 billion views on TikTok. McDonald's CEO, Chris Kempczinski, praised the company's ability to create cultural conversations and develop industry-leading innovations.

Portfolio Pulse from Benzinga Neuro

July 28, 2023 | 10:53 am

Barclays analyst Jeffrey Bernstein maintains an Overweight rating on McDonald's (NYSE:MCD) and raises the price target from $330 to $345.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 10:31 am

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 28, 2023 | 8:40 am

Wedbush analyst Nick Setyan has reiterated an Outperform rating on McDonald's (NYSE:MCD) and maintained a price target of $330.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 8:36 am

US stocks fell on Thursday, with the Dow Jones dropping 0.59% and the NASDAQ falling 0.44%. McDonald's Corp (MCD) reported better-than-expected Q2 results, with sales growth of 13.6% YoY to $6.50 billion. Carmell Therapeutics Corporation (CTCX) shares rose 71% after announcing a merger with Axolotl Biologix. Femasys Inc. (FEMY) shares rose 128% after the US Patent and Trademark Office issued a Notice of Allowance for FemBloc. North American Construction Group Ltd. (NOA) shares rose 35% after better-than-expected Q2 results. Mersana Therapeutics, Inc. (MRSN) shares fell 78% after its UPLIFT clinical trial did not meet the primary endpoint. TPI Composites, Inc. (TPIC) shares fell 34% after lowering its 2023 forecast. Asensus Surgical, Inc. (ASXC) shares fell 39% after reporting a $10 million registered direct offering.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 6:40 pm

McDonald's shares are trading higher after the company reported better-than-expected Q2 results.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 2:17 pm

TD Cowen analyst Andrew Charles has reiterated an Outperform rating on McDonald's (NYSE:MCD) and maintained a price target of $326.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 1:34 pm

McDonald's Corp reported Q2 FY23 sales growth of 13.6% year-on-year to $6.50 billion, beating the analyst consensus of $6.29 billion. Global comparable sales rose 11.7%, with U.S. comparable sales up 10.3%. Sales by company-operated restaurants increased 18% Y/Y to $2.48 billion, while sales from franchised restaurants rose 12% to $3.93 billion. Adjusted EPS of $3.17 beat the analyst consensus of $2.79. The company expects to open about 1,900 restaurants globally in FY23.

Portfolio Pulse from Shivani Kumaresan

July 27, 2023 | 1:30 pm

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