UPDATE: Guggenheim Starts McDonald's (MCD) at Buy, Best Idea

July 26, 2021 4:15 PM EDT
Get Alerts MCD Hot Sheet
Price: $243.21 --0%

Rating Summary:
    30 Buy, 15 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 13 | New: 24
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(Updated - July 26, 2021 4:28 PM EDT)

Guggenheim analyst Gregory Francfort initiates coverage on McDonald's (NYSE: MCD) with a Buy rating and a price target of $270.00.

The analyst comments "McDonald’s is the largest quick service operator in the U.S. and the world with $110bn in global system sales projected (by us) this year. Roughly $1 out of every $20 in the U.S. that is spent on food away from home (not at a grocery store) is spent at a McDonald’s. The segment mix of 2020 system sales among the U.S./International Developed Markets/International Operated Markets were 43%/33%/24% with EBITDA at 52%/45%/3%. Int’l Developed Markets are primarily driven by five countries – U.K., France, Germany, Australia and Canada, where the company ownership is 5-15% of the stores, vs. 5% in the U.S. and 2% in the IDL markets. Global unit growth was running in the low 2% pre-Covid with mid single digit SSS that was driving 5-7% EBITDA growth."

For an analyst ratings summary and ratings history on McDonald's click here. For more ratings news on McDonald's click here.

Shares of McDonald's closed at $242.96 yesterday.


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