McDonald's stock gains despite missing profit and revenue expectations

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

McDonald's (MCD) Seeing Negative 3Q Comp Trends Across All Segments - Bloomberg, Citing Call

McDonald's (NYSE: MCD) Seeing Negative 3Q Comp Trends Across All Segments - Bloomberg, Citing Call

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

Midday movers: McDonald's, Tesla, Onsemi rise; Abbott falls

(Updated - July 29, 2024 11:44 AM EDT)

Investing.com -- U.S. stock futures declined Monday, starting the new week that includes a Fed meeting, a monthly jobs report, and key earnings from tech giants with a negative tone.

Here are some of the biggest U.S. stock movers today:

McDonalds (NYSE: MCD) stock rose 4% despite the fast-food giant reporting a surprise drop in quarterly global comparable sales, as despite the overall decline, consolidated revenues showed a... More

McDonald's sales fall globally for first time in more than three years

By Savyata Mishra

(Reuters) -McDonald's reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items, including Big Macs.

Persistent inflation has forced lower-income consumers to shift to more affordable food options at home. That has led fast food chains such as McDonald's, Burger King, Wendy's and Taco Bell to lean on value meals to spark customer traffic.

McDonald's shares, which are down 15% this year, rose nearly 4% after company executives said the $5 meal deal launched late in June sold above expectations. They said... More

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

McDonald's (NYSE: MCD) 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 billion.

For earnings history and earnings-related data on McDonald's (MCD) click here.

Value deals offer boost for fast food chains, but will profits be a downer?

McDonalds (NYSE: MCD) $5 Meal Deal as well as similar value offerings from Burger King (NYSE: QSR) and other fast food chains saw media campaigns generate a good amount of buzz, leading to a certain degree of transaction improvement. But does this translate to greater profitability for franchisees?

Analysts at Stifel have taken a closer look at data on visitation performance before and after various fast food brands launched their value deals, but note that the data is at this... More

McDonald's (MCD) call put ratio 1 call to 1.2 puts into quarter results

McDonald's (NYSE: MCD) August weekly call option implied volatility is at 38, August is at 28; compared to its 52-week range of 12 to 26 into expected release of quarter results before the bell on July 29.

McDonald's (MCD) call put ratio 2.5 calls to 1 put into quarter results

McDonald's (NYSE: MCD) August 2 weekly 250 straddle priced for a move of 4.5% into expected release of quarter results before the bell on July 29.

McDonald's (MCD) Declares $1.67 Quarterly Dividend; 2.7% Yield

McDonald's (NYSE: MCD) declared a quarterly dividend of $1.67 per share, or $6.68 annualized.

The dividend will be payable on September 17, 2024, to stockholders of record on September 3, 2024, with an ex-dividend date of August 30, 2024.

The annual yield on the dividend is 2.7 percent.