McDonald's (MCD) Unveils First-Ever NFT to Celebrate 40th Anniversary of the McRib

McDonald's (MCD) PT Raised to $260 at Stifel

October 28, 2021 8:15 AM EDT

Stifel 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 EDT

Goldman 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) Double Digit Comps Continue into October - Wolfe Research

October 28, 2021 8:03 AM EDT

Wolfe Research analyst Greg Badishkanian reiterated a Peerperform rating on McDonald's (NYSE: MCD) after the company reported U.S. comps up +10% in 3Q vs. consensus of +8%. International operated comps strengthened significantly with 3Q +14% compared to consensus of +9%. Adjusted EPS of $2.76 beat consensus of... More

McDonald's (MCD) PT Raised to $275 at Guggenheim

October 28, 2021 7:39 AM EDT

Guggenheim 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 $268 at Deutsche Bank

October 28, 2021 6:52 AM EDT

Deutsche Bank analyst Brian Mullan raised the price target on McDonald's (NYSE: MCD) to $268.00 (from $265.00) while maintaining a Buy rating.... More

McDonald's (MCD) PT Raised to $280 at RBC Capital

October 28, 2021 6:32 AM EDT

RBC Capital analyst Christopher Carril raised the price target on McDonald's (NYSE: MCD) to $280.00 (from $268.00) while maintaining a Outperform rating.... More

McDonald's (MCD) PT Raised to $281 at Credit Suisse

October 28, 2021 5:49 AM EDT

Credit Suisse analyst Lauren Silberman raised the price target on McDonald's (NYSE: MCD) to $281.00 (from $271.00) while maintaining a Outperform rating.... More

UPDATE: McDonald's (MCD) PT Raised to $280 at Oppenheimer (CORRECTION)

October 28, 2021 5:02 AM EDT

(Updated - October 28, 2021 6:26 AM EDT)

Oppenheimer analyst Brian Bittner raised the price target on McDonald's (NYSE: MCD) to $280.00 (from $270.00) while maintaining an Outperform rating.

The analyst commented, "We again raise EPS estimates for '21'23 following strong 3Q21 results and believe... More

McDonald's (MCD) PT Raised to $298 at Barclays

October 28, 2021 4:49 AM EDT

Barclays analyst Jeffrey Bernstein raised the price target on McDonald's (NYSE: MCD) to $298.00 (from $290.00) while maintaining a Overweight rating.... More

UPDATE: McDonald's (MCD) PT Raised to $275 at KeyBanc on Continued US Share Gains

October 28, 2021 4:44 AM EDT

(Updated - October 28, 2021 8:11 AM EDT)

KeyBanc analyst Eric Gonzalez raised the price target on McDonald's (NYSE: MCD) to $275.00 (from $270.00) on the belief that U.S. segment share gains continue while rapidly improving IOM/IDL segment trends drive EPS upside.

The analyst... More

McDonald's (MCD) PT Raised to $275 at Cowen

October 27, 2021 3:42 PM EDT

Cowen 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

McDonald's (MCD) PT Raised to $275 at Truist Securities

October 27, 2021 12:28 PM EDT

Truist Securities analyst Jake Bartlett raised the price target on McDonald's (NYSE: MCD) to $275.00 (from $266.00) while maintaining a Buy rating.

The analyst commented, "Following 3Q21 results (SSS and EPS beat) and strong current trends and market share gains, we are increasing... More

'A Sweetie of a 3Q': McDonald's (MCD) Stock Soars On Beat-and-Raise

October 27, 2021 9:45 AM EDT

Shares 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

Pre-Open Stock Movers 10/27: (ENPH) (TENB) (FFIV) Higher; (CRTX) (HOOD) (TXN) Lower (more...)

October 27, 2021 9:29 AM EDT

Pre-Open Stock Movers:

Cortexyme, Inc. (Nasdaq: CRTX) 69% LOWER; reported top-line results from its Phase 2/3 GAIN Trial, a double-blind, placebo-controlled study evaluating the efficacy of atuzaginstat (COR388), an investigational orally administered small-molecule that targets gingipain proteases from the bacterium Porphyromonas gingivalis (P. gingivalis). The 643-participant study in mild to moderate patients with Alzheimers disease did not meet statistical significance in its co-primary cognitive and functional endpoints as measured by ADAS-Cog11 and ADCS-ADL at end of the treatment period in the overall cohort.

Enphase Energy (NASDAQ:... More

IBM (IBM) enters agreement with McDonald’s (MCD) to further accelerate development and deployment of its Automated Order Taking technology

October 27, 2021 9:20 AM EDT

Today, IBM (NYSE: IBM), a leader in AI for business and AI-powered customer care, entered into an agreement with McDonalds (NYSE: MCD), the worlds largest restaurant company, to further accelerate the development and deployment of its Automated Order Taking (AOT) technology. Under the agreement, IBM will acquire McD Tech Labs, which was created to advance employee and customer facing innovations following... More

McDonald's sales soar on higher U.S. prices, newer menu items

October 27, 2021 7:08 AM EDT

By Aishwarya Venugopal and Hilary Russ

(Reuters) -Higher U.S. prices and celebrity-themed meals boosted quarterly comparable sales at McDonald's Corp, though the company struggled to keep restaurants open at full capacity amid labor shortages and COVID-19 outbreaks, it reported on Wednesday.

U.S. same-store sales grew 9.6% in the third quarter ended Sept. 30, compared with estimates for 8.27%, according to Refinitiv IBES data.

Global comparable sales also jumped 12.7% in the quarter versus estimates of 10.31% as international markets slowly recovered from the pandemic.

Shares in the world's largest burger chain rose about 2.2% to $241.70 in late morning trading.

... More

McDonald's (MCD) Tops Q3 EPS by 30c; U.S. Comps Rise 9.6%

October 27, 2021 7:03 AM EDT

McDonald's (NYSE: MCD) reported Q3 EPS of $2.76, $0.30 better than the analyst estimate of $2.46. Revenue for the quarter came in at $6.2 billion versus the consensus estimate of $6.03 billion.

Global comparable sales increased 12.7% (10.2% on a 2-year basis), reflecting positive comparable sales across all... More

Stocks expected to have increasing option volume: MCD MA SPOT KO

October 27, 2021 4:30 AM EDT

Stocks expected to have increasing option volume: MCD MA SPOT KO

... More