Deutsche Bank Reiterates Buy Rating on McDonald's (MCD)

Goldman Sachs Reiterates Neutral Rating on McDonald's (MCD)

October 30, 2024 6:13 AM EDT

Goldman Sachs analyst Christine Cho reiterated a Neutral rating and $325.00 price target on McDonald's (NYSE: MCD).

The analyst comments "MCD shares traded -0.6% vs. S&P 500 +0.2% following top line miss but in line EPS for the quarter, as the brand continues its aggressive value offerings in response to weaker consumer demand across all markets. SSSG in the IOM and... More

McDonald's (MCD) PT Lowered to $342 at Truist Securities

October 29, 2024 4:02 PM EDT

Truist Securities analyst Jake Bartlett lowered the price target on McDonald's (NYSE: MCD) to $342.00 (from $350.00) while maintaining a Buy rating.

The analyst comments "Following 3Q24 results (SSS miss and EPS beat) we are lowering '25 ests. and our PT to $342, from $350. MCD's... More

BTIG Reiterates Neutral Rating on McDonald's (MCD)

October 29, 2024 3:36 PM EDT

BTIG analyst Peter Saleh reiterated a Neutral rating on McDonald's (NYSE: MCD).

The analyst comments "McDonald's posted a mixed quarter this morning with slightly better than expected EPS, despite weaker same-store sales across the three reporting segments. That said, shares were... More

McDonald's sued by consumers in proposed class action over E.coli outbreak

October 29, 2024 2:59 PM EDT

(Reuters) - McDonald's was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions in the fast-food chain's Quarter Pounders.

Amanda McCray of Chicago and William Michael Kraft of Davie, Florida, said they experienced many symptoms associated with E.coli infection after buying Quarter Pounders this month.

Both... More

McDonald's Q3 earnings top estimates, revenue rises despite global challenges

October 29, 2024 7:27 AM EDT

Investing.com -- McDonalds Corporation (NYSE: MCD) reported third-quarter earnings that surpassed analyst expectations, despite facing global headwinds including the ongoing conflict in the Middle East.

The fast-food giant's revenue increased YoY, driven by growth in the U.S. market, while international segments experienced declines.

Shares were down 1.6% in pre-market Tuesday trade.

McDonald's posted adjusted earnings per share of $3.23 for the quarter ended September 30, beating the analyst estimate of... More

McDonald's brushes off sales hit from US E. coli outbreak, international markets weak

October 29, 2024 7:05 AM EDT

By Savyata Mishra

(Reuters) -McDonald's executives on Tuesday brushed off a potential sales hit from the deadly E. coli outbreak in the U.S., saying that the fast-food giant was past the incident and was looking to revive muted demand through promotions and value menu items.

Shares of the company reversed course to trade up about 2% in early trading. They had fallen about 2% premarket after the company reported a bigger-than-expected drop in global comparable sales but a quarterly profit beat.

Last week, McDonald's temporarily paused serving Quarter Pounders in a fifth of its 14,000 U.S.... More

McDonald's (MCD) Tops Q3 EPS by 3c

October 29, 2024 7:01 AM EDT

McDonald's (NYSE: MCD) reported Q3 EPS of $3.23, $0.03 better than the analyst estimate of $3.20. Revenue for the quarter came in at $6.87 billion versus the consensus estimate of $6.82 billion.

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

... More

McDonald's is about to report earnings. Here’s what to know

October 29, 2024 3:42 AM EDT

McDonalds is set to release its third-quarter earnings report, and investors are keeping an eye on several key dynamics that could impact the fast-food giants performance.

As per analysts at Morgan Stanley, momentum in the U.S. market appears to be the primary growth driver, though international headwinds may pose challenges.

This mixed landscape is prompting a cautiously optimistic outlook for the remainder of the year, with some adjustments to expectations for McDonalds global markets.

After a sluggish second quarter, McDonalds U.S. same-store sales are projected to improve slightly, with an anticipated 0.5% increase,... More

McDonald's (MCD) November 1 weekly option implied volatility elevated into quarter results

October 28, 2024 10:34 AM EDT

McDonald's (NYSE: MCD) November 1 weekly call option implied volatility is at 44, November is at 27; compared to its 52-week range of 12 to 27 into the expected release of quarter results before the bell on October 29.

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McDonald's E. coli outbreak could worsen near-term sales decline

October 28, 2024 7:16 AM EDT

By Savyata Mishra

(Reuters) - McDonald's investors will look for signs of near-term sales disruption from the recent E. coli outbreak linked to its Quarter Pounder hamburgers when it reports third-quarter results on Tuesday.

Last week's outbreak has killed at least one person, while the number of infections have risen to 75, according to the U.S. Food and Drug Administration. Since then, the shares of McDonald's have dropped nearly 7%.

"We are concerned that reports of an E. coli outbreak ... could pose a major threat to consumer sentiment and McDonald's U.S. comparable sales," Baird analyst... More

McDonald's (MCD) November 1 weekly 292 straddle priced into quarter results

October 28, 2024 5:44 AM EDT

McDonald's (NYSE: MCD) November 1 weekly 292 straddle priced for a move of 4% into the expected release of quarter results before the bell on October 29.

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