McDonald's (MCD) Misses Q2 EPS by 27c

TD Cowen cuts McDonald's (MCD) to Hold, trough value perceptions 'will take time to fix'

TD Cowen downgraded McDonald's (NYSE: MCD) from Buy to Hold, lowering the price target to $280.00 from $285.00 per share in a note to clients Wednesday, following the fast food giant's latest quarterly earnings.

McDonald's reported Q2 EPS of $2.80, $0.27 worse than the analyst estimate of $3.07. Revenue for the quarter came in at $6.49 billion versus the consensus estimate of $6.62... More

McDonald's (MCD) PT Lowered to $278 at BofA Securities

BofA Securities analyst Gregory Francfort lowered the price target on McDonald's (NYSE: MCD) to $278.00 (from $288.00) while maintaining a Neutral rating.

The analyst comments "Continued negative trends in the US (July SSSG were negative across all operating segments) suggests that even as MCD's $5 Value... More

McDonald's (MCD) PT Lowered to $285 at Wells Fargo

Wells Fargo analyst Jon Tower lowered the price target on McDonald's (NYSE: MCD) to $285.00 (from $300.00) while maintaining a Overweight rating.

The analyst comments "Today's relief makes sense. There's no denying that Q2 was soft, but US comps of -0.7% were better vs feared (-2%),... More

McDonald's (MCD) PT Lowered to $270 at JPMorgan

JPMorgan analyst John Ivankoe lowered the price target on McDonald's (NYSE: MCD) to $270.00 (from $290.00) while maintaining a Overweight rating.

The analyst comments "MCD results may be most notable for their explicit sense of major urgency around re-establishing the brands core value message that was largely... More

McDonald's (MCD) PT Lowered to $310 at Jefferies

Jefferies analyst Andy Barish lowered the price target on McDonald's (NYSE: MCD) to $310.00 (from $320.00) while maintaining a Buy rating.

The analyst comments "Tough 2Q with EPS miss and US/Int'l SSS each below the Street but perhaps not as bad as buy-side... More

McDonald's (MCD) PT Lowered to $295 at Truist Securities

Truist Securities analyst Jake Bartlett lowered the price target on McDonald's (NYSE: MCD) to $295.00 (from $300.00) while maintaining a Buy rating.

The analyst comments "Following 2Q24 results (SSS and EPS miss) we are lowering ests. and our PT to $295, from $300.... More

McDonald's (MCD) PT Lowered to $257 at Stifel

Stifel analyst Chris O\'Cull lowered the price target on McDonald's (NYSE: MCD) to $257.00 (from $265.00) while maintaining a Hold rating.

The analyst comments " MCD reported earnings below consensus (2Q EPS of $2.97, Stifel $3.04, Street $3.07), with weak comps across all three segments. SRS remained... More

Citi Reiterates Neutral Rating on McDonald's (MCD), PT $280

Citi analyst Jon Tower reiterated a Neutral rating and $280.00 price target on McDonald's (NYSE: MCD)

The analyst comments "MCD delivered slightly better than feared comps in the US (many investors bracing for a negative LSD US comp), though IOM missed... More

McDonald's stock gains despite missing profit and revenue expectations

(Updated - July 29, 2024 10:09 AM EDT)

McDonald's (NYSE: MCD) reported a decline in its second-quarter earnings and revenue, missing analyst estimates. However, the stock gained shortly after, despite the results initially sending its shares lower premarket.

The fast-food giant posted an adjusted EPS of $2.80, falling short of the consensus estimate of $3.07. Revenue for the quarter also came in below expectations at $6.49 billion, compared to the predicted $6.62 billion.

The company's global comparable sales decreased by 1.0%, with negative sales across all segments, including a 0.7% drop in the U.S., a 1.1% decrease in International Operated... More