JP Morgan reiterated coverage on McDonald's with a new price target
$MCD
Restaurants
Consumer Discretionary
JP Morgan reiterated coverage of McDonald's with a rating of Overweight and set a new price target of $290.00 from $300.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/23/2024 | $290.00 → $285.00 | Buy → Neutral | Guggenheim |
| 10/23/2024 | $320.00 → $290.00 | Outperform → Neutral | Robert W. Baird |
| 10/15/2024 | $295.00 → $350.00 | Buy | Truist |
| 10/8/2024 | Hold → Buy | Argus | |
| 9/9/2024 | $310.00 → $330.00 | Buy | Jefferies |
| 7/31/2024 | $285.00 → $280.00 | Buy → Hold | TD Cowen |
| 7/10/2024 | $300.00 → $290.00 | Overweight | JP Morgan |
| 7/2/2024 | $315.00 → $280.00 | Buy | Guggenheim |
Guggenheim downgraded McDonald's from Buy to Neutral and set a new price target of $285.00 from $290.00 previously
Robert W. Baird downgraded McDonald's from Outperform to Neutral and set a new price target of $290.00 from $320.00 previously
Truist reiterated coverage of McDonald's with a rating of Buy and set a new price target of $350.00 from $295.00 previously
Consolidated revenues for the quarter were nearly $6.9 billion, an increase over prior year of 3% (2% in constant currencies)Systemwide sales* to loyalty members across approximately 50 loyalty markets were over $28 billion for the trailing twelve-month period and nearly $8 billion for the quarterCHICAGO, Oct. 29, 2024 /PRNewswire/ -- McDonald's Corporation today announced results for the third quarter ended September 30, 2024. "We will stay laser-focused on providing an unparalleled experience with simple, everyday value and affordability that our consumers can count on as they continue to be mindful about their spending," said Chairman and CEO Chris Kempczinski. "McDonald's will continue
CHICAGO, Sept. 25, 2024 /PRNewswire/ -- Today, McDonald's Board of Directors declared a quarterly cash dividend of $1.77 per share of common stock payable on December 16, 2024 to shareholders of record at the close of business on December 2, 2024. The 6% increase over the Company's previous quarterly dividend reflects continued confidence in the Accelerating the Arches growth strategy and our ability to drive long-term profitable growth for all stakeholders. McDonald's has a strong history of returning capital to its shareholders and has raised its dividend for 48 consecutive years since paying its first dividend in 1976. The new quarterly dividend of $1.77 per share is equivalent to $7.08
Consolidated revenues for the quarter were nearly $6.5 billion, an increase over prior year of about 1% in constant currenciesSystemwide sales* to loyalty members across 50 loyalty markets were over $26 billion for the trailing twelve-month period and approximately $7 billion for the quarterCHICAGO, July 29, 2024 /PRNewswire/ -- McDonald's Corporation today announced results for the second quarter ended June 30, 2024. "We are confident that Accelerating the Arches is the right playbook for our business and as consumers are more discriminating with their spend, we are focused on the outstanding execution of delivering reliable, everyday value and accelerating strategic growth drivers like ch
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CHICAGO, March 15, 2023 /PRNewswire/ -- Today, McDonald's USA President Joe Erlinger sent the following message to the McDonald's US System announcing new Senior Vice President and Chief Development Officer, Tabassum Zalotrawala. The digital CV and headshot for Tabassum Zalotrawala are embedded within this release. +++ With the announcement of an evolved Accelerating the Arches strategy to grow faster, meet customer expectations, and make our brand even stronger through new restaurant development, we committed to leveraging our position of strength to grow the number of McD
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