Wedbush Reiterates Outperform on McDonald's, Maintains $295 Price Target
$MCD
Restaurants
Consumer Discretionary
Wedbush analyst Nick Setyan reiterates McDonald's (NYSE:MCD) with a Outperform and maintains $295 price target.
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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 |
4 - MCDONALDS CORP (0000063908) (Issuer)
4 - MCDONALDS CORP (0000063908) (Issuer)
4 - MCDONALDS CORP (0000063908) (Issuer)
Syngenta, McDonald's and Lopez Foods announce collaboration aimed at helping to reduce certain environmental impacts during beef production. McDonald's USA, one of the largest fast food restaurant chains, Lopez Foods, a multi-protein producer and long-term supplier to McDonald's, and Syngenta North America, a leader in agricultural technology, today announced a collaboration that aims to increase feed efficiency and help reduce the amount of greenhouse gas emissions released per pound of meat produced, as part of efforts to improve the sustainability of beef production. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024111475
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
Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), Latin America's largest restaurant chain and the world's largest independent McDonald's franchisee, notified McDonald's (NYSE:MCD) that it will exercise its option to renew its Master Franchise Agreement ("MFA") with McDonald's. As previously disclosed, Arcos Dorados received a Renewal Notice from McDonald's, on August 1, 2024, to replace the parties' existing MFA with a new, 20-year MFA, to be effective as of January 1, 2025. On September 30, 2024, and in line with the current MFA's renewal procedures, Arcos Dorados provided notice to McDonald's of its intention to exercise its Renewal Option. The parties are now
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Following his success as Chief Operating Officer at Portillo's, and prior tenure leading world-class operations at Starbucks and McDonald's, Pratt will lead Condado into its next phase of growth Condado Tacos (the "Company"), today announced that after an exhaustive nationwide search it has appointed Derrick Pratt as the Company's next Chief Executive Officer, effective July 1, 2024. "On behalf of the entire Board of Managers, we are thrilled to welcome Derrick as the next CEO of Condado Tacos," said John G. Troiano, Chairman of the Board. "Derrick brings a wealth of experience in running successful growth-oriented restaurant brands and has an exceptionally strong track record of guidin
Leading Companies Commit to Join 10-Year Initiative Seeking to Engage American Families with Financial Literacy Resources, Tools and Education Where They Live, Work, and Learn Financial Literacy for All (FL4A), a national initiative dedicated to embedding financial literacy into the nation's schools, workplaces, communities, and culture, today announced that McDonald's Corporation (NYSE:MCD) and Paramount Global (Nasdaq: PARA, PARAA) have joined a coalition of nearly 50 leading organizations that have committed to the movement. With these new additions, FL4A members now make up more than one-quarter of the companies that comprise the Dow Jones Industrial Average (DJIA) and have committed
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
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
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume BABA CALL TRADE BULLISH 08/02/24 $79.00 $27.0K 2.4K 1.7K SBUX CALL TRADE B
The Nasdaq 100 closed lower by around 0.4% during Tuesday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. NVIDIA The Trade: NVIDIA Corporation (NASDAQ:NVDA) President and CEO Jen Hsun Huang sold a total of 240,000 shares a
McDonald's (NYSE:MCD) has outperformed the market over the past 20 years by 3.43% on an annualized basis producing an average annual return of 11.83%. Currently, McDonald's has a market capitalization of $185.55 billion. Buying $1000 In MCD: If an investor had bought $1000 of MCD stock 20 years ago, it would be worth $9,446.77 today based on a price of $257.46 for MCD at the time of writing. McDonald's's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine an
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