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

The Dow Jones marked a 10-day winning streak, driven by positive quarterly results from defensive stocks. The Nasdaq Composite, however, was down 0.42% due to disappointing results from Netflix and Tesla. Tesla's stock fell almost 10% after CEO Elon Musk's conference call failed to provide key details about future developments. Netflix's shares also fell despite better-than-expected earnings per share. Major banks, including Bank of America, Morgan Stanley, and Charles Schwab, showed resilience with positive quarterly results. ExxonMobil announced plans to mine lithium, indicating a diversification into the EV industry. The $69 billion merger of Microsoft and Activision Blizzard moved forward after the FTC paused an antitrust lawsuit.

Portfolio Pulse from Natan Ponieman

July 21, 2023 | 8:12 pm

BTIG analyst Peter Saleh has maintained a 'Buy' rating on McDonald's (NYSE:MCD) and raised the price target from $305 to $315.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 4:32 pm

Several analyst forecasts were released on Friday, with price target changes for multiple companies. Notable changes include Canaccord Genuity cutting the price target for BCE Inc. from $63 to $61, RBC Capital raising Intuitive Surgical, Inc.'s price target from $355 to $360, and Keybanc raising the price target for McDonald's Corporation from $320 to $330.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 12:31 pm

Keybanc analyst Eric Gonzalez maintains an Overweight rating on McDonald's (NYSE:MCD) and raises the price target from $320 to $330.

Portfolio Pulse from richadhand@benzinga.com

July 21, 2023 | 8:35 am

Starbucks Corp (NYSE:SBUX) is partnering with K-pop group BLACKPINK to launch limited-time beverages and merchandise. The launch will begin on July 25 and will be centered on Starbucks locations in the Asia Pacific region. The partnership includes a new BLACKPINK-themed Strawberry Choco Cream flavored Frappuccino and 17 items of merchandise. The items will be available while supplies last at stores in Hong Kong, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam.

Portfolio Pulse from Chris Katje

July 20, 2023 | 10:19 pm

Jefferies analyst Andy Barish maintains a Buy rating on McDonald's (NYSE:MCD) and raises the price target from $330 to $335.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:53 pm

Strive, representing McDonald's shareholders, has expressed concerns over the company's diversity policies, which it deems potentially illegal and value-destroying. Strive highlights the legal and business risks associated with McDonald's adoption of race- and gender-based targets, and the potential lawsuits and regulatory actions that could follow. It also points out the financial risks, as studies show that hiring based on race and sex rather than merit does not improve financial performance. Strive urges McDonald's to rescind its diversity targets and commit to merit-based decision-making.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 6:03 pm

Strive Asset Management, co-founded by Vivek Ramaswamy, has purchased just under $2 million worth of McDonald's shares and is expressing concerns over the company's diversity policies. This stake is a small fraction of McDonald's nearly $215 billion market capitalization.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 4:36 pm

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 19, 2023 | 10:48 am

Truist Securities analyst Jake Bartlett has maintained a 'Buy' rating on McDonald's (NYSE:MCD) and raised the price target from $327 to $335.

Portfolio Pulse from richadhand@benzinga.com

July 18, 2023 | 2:15 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.