McDonald's Reports Third Quarter 2021 Results
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McDonald's (MCD) PT Raised to $260 at Stifel
October 28, 2021 8:15 AM EDTStifel analyst Chris O'Cull raised the price target on McDonald's (NYSE: MCD) to $260.00 (from $245.00) while maintaining a Hold rating.
The analyst commented, ": MCD reported another strong quarter, with EPS exceeding the Street mean ($2.76 vs. $2.46) driven by stronger expected SRS across all three business... More
McDonald's (MCD) PT Raised to $281 at Goldman Sachs
October 28, 2021 8:11 AM EDTGoldman Sachs analyst Jared Garber raised the price target on McDonald's (NYSE: MCD) to $281.00 while maintaining a Buy rating.
The analyst commented, "MCD outperformed all expectations in 3Q, and we expect this high level of execution will continue as it benefits from a focused... More
McDonald's (MCD) PT Raised to $275 at Guggenheim
October 28, 2021 7:39 AM EDTGuggenheim analyst Gregory Francfort raised the price target on McDonald's (NYSE: MCD) to $275.00 (from $270.00) while maintaining a Buy rating.
The analyst commented, "MCD reported a strong 3Q21, with $2.76 of adj. EPS vs. our $2.48 estimate. YTD systemwide margins of 44.3% and IOM recovery... More
McDonald's (MCD) PT Raised to $275 at Cowen
October 27, 2021 3:42 PM EDTCowen analyst Andrew Charles raised the price target on McDonald's (NYSE: MCD) to $275.00 (from $270.00) while maintaining an Outperform rating.
The analyst commented, "MCD U.S.'s stable 2-year sales performance from 2Q to 3Q is impressive in a decelerating industry sales backdrop... More
'A Sweetie of a 3Q': McDonald's (MCD) Stock Soars On Beat-and-Raise
October 27, 2021 9:45 AM EDTShares of McDonalds (NYSE: MCD) are up about 3% in todays trading session after the fast-food chain delivered better-than-expected results for its third quarter.
McDonald's reported Q3 EPS of $2.76 to top the analyst estimate of $2.46. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.03 billion. Comparable sales soared 12.7% globally, or 10.2% on a 2-year basis.
In the US, comp sales surged 9.6% (14.6% on a 2-year basis), while the international business experienced a 13.9% increase (8.9% on a 2-year... More
