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NYSE:MCD

McDonald's (MCD) Stock Forecast, Price & News

$271.22

-5.98 (-2.16%)

(As of 09/21/2023 ET)

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Today's Range: $271.02
▼
$277.19
50-Day Range: $275.44
▼
$296.97
52-Week Range: $230.58
▼
$299.35

Volume: 2.37 million shs
Average Volume: 2.48 million shs
Market Capitalization: $197.65 billion

P/E Ratio: 24.95
Dividend Yield: 2.24%
Price Target: $323.63

McDonald's MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.82 Rating Score
Upside/Downside: 19.3% Upside
$323.63 Price Target
Short Interest: Healthy
0.86% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.39
Upright™ Environmental Score
News Sentiment: 0.10
Based on 100 Articles This Week
Insider Trading: Selling Shares
$6.83 M Sold Last Quarter
Proj. Earnings Growth: 7.90%
From $11.52 to $12.43 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Retail/Wholesale Sector

47th out of 201 stocks

Eating Places Industry

11th out of 37 stocks

3.4

Analyst's Opinion

Consensus Rating
McDonald's has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 23 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $323.63, McDonald's has a forecasted upside of 19.3% from its current price of $271.22.
Amount of Analyst Coverage
McDonald's has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.86% of the float of McDonald's has been sold short.
Short Interest Ratio / Days to Cover
McDonald's has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in McDonald's has recently increased by 7.92%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
McDonald's pays a meaningful dividend of 2.19%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
McDonald's has been increasing its dividend for 46 years.
Dividend Coverage
The dividend payout ratio of McDonald's is 55.93%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, McDonald's will have a dividend payout ratio of 48.91% next year. This indicates that McDonald's will be able to sustain or increase its dividend.

1.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
McDonald's has received a -43.27% net impact score from Upright. The largest negative impact of McDonald's in category "Physical diseases" seems to be driven mostly by its "Sugar-sweetened soft drinks", "Fast food hamburgers with beef", and "French fries" products. See details.
Environmental Sustainability
The Environmental Impact score for McDonald's is -2.39.

2.3

News and Social Media Coverage

News Sentiment
McDonald's has a news sentiment score of 0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 100 news articles for McDonald's this week, compared to 38 articles on an average week.
Search Interest
Only 89 people have searched for MCD on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
MarketBeat Follows
69 people have added McDonald's to their MarketBeat watchlist in the last 30 days. This is an increase of 109% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, McDonald's insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,826,881.00 in company stock.
Percentage Held by Insiders
Only 0.27% of the stock of McDonald's is held by insiders.
Percentage Held by Institutions
67.60% of the stock of McDonald's is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for McDonald's are expected to grow by 7.90% in the coming year, from $11.52 to $12.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of McDonald's is 24.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of McDonald's is 24.95, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 24.93.
Price to Earnings Growth Ratio
McDonald's has a PEG Ratio of 2.70. PEG Ratios above 1 indicate that a company could be overvalued.

See Top Rated MarketRank™ Stocks Here

About McDonald's (NYSE:MCD) Stock

McDonald's Corporation is a U.S.-based multinational restaurant chain that serves hamburgers, fries, chicken sandwiches and drinks. The company is the largest restaurant chain by revenue and serves more than 69 million customers daily. Total revenue topped $23 billion in 2022, with most revenue coming from its franchisees. The company operates in 100 countries and is the world's second-largest private employer, with more than 200,000 executives, managers, cooks and front-line staff.

McDonald's most iconic food items include French fries and the Big Mac. McDonald's serves hot and crispy fries. Its Big Mac is a double-decker burger with cheese, lettuce, tomato and "secret sauce," a combination of thousand island and French dressing that evokes a sharper flavor.

Richard and Maurice McDonald founded McDonald's in 1940. Its first restaurant location was in San Bernardino, California, and it quickly rebranded into a hamburger stand. The new concept met colossal success, and soon, the two were franchising their brand to other operators. The key to the brother's success was the Speedee Service System introduced in 1948. This system modeled concepts established by earlier chains.

The company introduced the golden arches in 1953 in Arizona and reached a significant turning point in 1955 when Ray Kroc entered the picture. He came aboard as the company's franchising agent and bought the company while expanding it. His first restaurant was the company's ninth total, but many agree that Kroc created the modern McDonald's Corporation. During his tenure, McDonald's expanded its footprint, enhanced its menu and grew into international territories.

The fictional character Ronald McDonald came to life in 1963. He lives in McDonaldland with his pals Mayor McCheese, Grimace, Birdie the Early Bird, the Fry Kids and the Hamburglar. He was invented as a marketing ploy to attract children and has become one of the nation's most beloved characters. At the peak of his popularity, the company employed more than 300 full-time clowns to portray Ronald McDonald.

Today, McDonald's Corporation operates and franchises McDonald's restaurants globally. The company generates revenue via sales in company-owned stores and rents, fees and royalties from its franchisees. The company's business model is to aid franchisees with real estate purchases and buildings so that it can collect on rent and other fees and brand royalties. As of 2022, the company owns about 45% of the land its restaurants sit on and 70% of the buildings. This model not only generates additional revenue and earnings but helps to insulate it from ups and downs in the consumer cycle.

As of December 31, 2023, the company operated about 38,000 restaurants, which includes the closing or divestiture of business in Russia.

MCD Price History

30 days | 90 days | 365 days | Advanced Chart

MCD Stock News Headlines

September 14, 2023 | marketbeat.com

3 Fast Food Stocks To Fill Up Your Q4 Portfolio (MCD)

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September 12, 2023 | marketbeat.com

Looking for a refill? McDonald's is saying goodbye to self-serve soda in the coming years

Say goodbye to refilling that Coke

September 22, 2023 | Behind the Markets (Ad)

AI Creates New Cancer Drug - In Just 30 Days!

On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...

September 11, 2023 | marketbeat.com

These are the Top 3 Sectors for 3rd Quarter Profit Growth (MCD)

The Q3 earnings reporting is approaching quickly and the news will not all be good; These are the top sectors to watch for growth.

August 30, 2023 | marketbeat.com

How to Pick the Best Dividend Stocks (MCD)

A stock’s dividend yield is a key metric for investors, so what is a good dividend yield? We’ll explore the answer in this article.

August 30, 2023 | marketbeat.com

Is Amazon a Blue Chip Stock? (MCD)

Is Amazon a blue chip stock or does it fit into a different category? Learn more about Amazon.com Inc. and how to categorize it with MarketBeat.

August 29, 2023 | marketbeat.com

What is Consumer Discretionary? (MCD)

What is consumer discretionary? In a strong economy, consumers spend more on consumer discretionary products. Learn more with MarketBeat.

August 29, 2023 | marketbeat.com

14 Best Consumer Staples Dividend Stocks (MCD)

Consumer staples dividend stocks may have consistent growth and low volatility. Check out the best consumer staples dividend stocks on our list.

September 22, 2023 | Legacy Research (Ad)

Reverse ‘money machines’ popping up across America

If you’ve been to a concert venue, stadium, or airport, you’ve almost certainly walked by one without knowing. The experts are calling it a 'Reverse ATM' Why are these machines suddenly appearing out of nowhere? And what does it mean for your money?

September 22, 2023 | americanbankingnews.com

McDonald's Co. (NYSE:MCD) CEO Christopher J. Kempczinski Sells 5,606 Shares

September 22, 2023 | americanbankingnews.com

McDonald's (NYSE:MCD) Stock Rating Reaffirmed by TD Cowen

September 22, 2023 | americanbankingnews.com

McDonald's (NYSE:MCD) Price Target Cut to $335.00

September 21, 2023 | yahoo.com

Go Gourmet And Order McDonald's Secret Chicken Cordon Bleu McMuffin

September 21, 2023 | msn.com

Jets’ Will McDonald taking slow start in stride: ‘Always room to learn’

September 21, 2023 | msn.com

Former McDonald’s corporate chef says Great Value cheese tastes identical to McDonald’s cheese

September 21, 2023 | yahoo.com

There's a New McNugget at McDonald's for a Limited Time

September 21, 2023 | msn.com

McDonald's Just Brought Back Its Super Popular Spicy Chicken Nuggets

September 21, 2023 | marketwatch.com

McDonald's Corp. stock falls Thursday, underperforms market

September 21, 2023 | yahoo.com

This Year's National Cheeseburger Day Was Pretty Much A Disaster For McDonald's

September 21, 2023 | msn.com

McDonald's worker on secrets staff don't want customers to know - from pancakes to Coke

September 21, 2023 | msn.com

What time does McDonald’s serve lunch? A comprehensive guide

September 21, 2023 | yahoo.com

McDonald's New Pumpkin Spice Bolder Blend Iced Coffee Is Here, But There's A Catch

September 21, 2023 | msn.com

McDonald's sued as hot coffee leaves woman with 'severe burns,' 30 years after similar 1994 lawsuit

September 21, 2023 | finance.yahoo.com

McDonald's Corporation (MCD) Is a Trending Stock: Facts to Know Before Betting on It

September 21, 2023 | finance.yahoo.com

Capital Investment Trends At McDonald's (NYSE:MCD) Look Strong

September 21, 2023 | finance.yahoo.com

McDonald's menu brings back a fan-favorite version of a classic

September 21, 2023 | finance.yahoo.com

McDonald's Spicy McNuggets return for limited time

See More Headlines

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MCD Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 9/18 Dividend: 8/31/2023
Dividend Payable: 9/18/2023
Today: 9/22/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Eating places
Sub-Industry: Restaurants
Sector: Retail/Wholesale
Current Symbol: NYSE:MCD
CUSIP: 58013510
CIK: 63908
Web: corporate.mcdonalds.com
Phone: (630) 623-3000
Fax: 630-623-5004
Employees: 150,000
Year Founded: 1955

Price Target and Rating

Average Stock Price Forecast: $323.63
High Stock Price Forecast: $383.00
Low Stock Price Forecast: $277.00
Forecasted Upside/Downside: +19.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.82
Research Coverage: 28 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.87
Trailing P/E Ratio: 24.95
Forward P/E Ratio: 23.54
P/E Growth: 2.7
Net Income: $6.18 billion
Net Margins: 33.06%
Pretax Margin: 41.16%
Return on Equity: -139.57%
Return on Assets: 16.18%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.35
Quick Ratio: 1.33

Sales & Book Value

Annual Sales: $23.18 billion
Price / Sales: 8.53
Cash Flow: $12.46 per share
Price / Cash Flow: 21.77
Book Value: ($8.20) per share
Price / Book: -33.08

Miscellaneous

Outstanding Shares: 728,760,000
Free Float: 726,795,000
Market Cap: $197.65 billion
Optionable: Optionable
Beta: 0.64

Social Links

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Key Executives

Mr. Christopher J. Kempczinski (Age 54)
Pres, CEO & Director
Comp: $6.27M

Mr. Ian Frederick Borden (Age 54)
Exec. VP & Global CFO
Comp: $4.67M

Mr. Brian S. Rice (Age 60)
Exec. VP & Global Chief Information Officer
Comp: $834.29k

Ms. Desiree Ralls-Morrison (Age 56)
Exec. VP, Global Chief Legal Officer & Corp. Sec.
Comp: $2.38M

Mr. Joseph Erlinger (Age 49)
Pres of McDonald's USA
Comp: $2.42M

Mr. Mike Flores
Sr. VP & Investor Relations Officer

Ms. Morgan Flatley (Age 48)
Exec. VP and Global Chief Marketing Officer & New Bus. Ventures

Ms. Heidi B. Capozzi (Age 53)
Exec. VP & Global Chief People Officer

Ms. Jill McDonald (Age 57)
Exec. VP & Pres at International Operated Markets

Radek Janalik
Managing Director of McDonald's Hungary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MCD Stock - Frequently Asked Questions

Should I buy or sell McDonald's stock right now?: 28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McDonald's in the last year. There are currently 5 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MCD shares.
View MCD analyst ratings or view top-rated stocks.
What is McDonald's' stock price forecast for 2023?: 28 analysts have issued 12 month target prices for McDonald's' stock. Their MCD share price forecasts range from $277.00 to $383.00. On average, they expect the company's share price to reach $323.63 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price.
View analysts price targets for MCD or view top-rated stocks among Wall Street analysts.
How have MCD shares performed in 2023?: McDonald's' stock was trading at $263.53 at the beginning of the year. Since then, MCD shares have increased by 2.9% and is now trading at $271.22.
View the best growth stocks for 2023 here.
When is McDonald's' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our MCD earnings forecast.
How were McDonald's' earnings last quarter?: McDonald's Co. (NYSE:MCD) issued its quarterly earnings data on Thursday, July, 27th. The fast-food giant reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.40. The fast-food giant had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.30 billion. McDonald's had a net margin of 33.06% and a negative trailing twelve-month return on equity of 139.57%. The business's quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.55 EPS.
Read the conference call transcript.
How often does McDonald's pay dividends? What is the dividend yield for McDonald's?: McDonald's announced a quarterly dividend on Tuesday, July 25th. Investors of record on Friday, September 1st will be given a dividend of $1.52 per share on Monday, September 18th. This represents a $6.08 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for MCD.
What ETFs hold McDonald's' stock?: ETFs with the largest weight of McDonald's (NYSE:MCD) stock in their portfolio include AdvisorShares Restaurant ETF (EATZ), Global X Dow 30 Covered Call ETF (DJIA), Nationwide Dow Jones Risk-Managed Income ETF (NDJI), SPDR Dow Jones Industrial Average ETF Trust (DIA), Amplify YieldShares CWP Dividend & Option Income ETF (DIVO), Consumer Discretionary Select Sector SPDR Fund (XLY), ProShares Ultra Dow30 (DDM) and Vanguard Consumer Discretionary ETF (VCR).
Is McDonald's a good dividend stock?: McDonald's (NYSE:MCD) pays an annual dividend of $6.08 per share and currently has a dividend yield of 2.19%. The company has been increasing its dividend for 46 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 55.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCD will have a dividend payout ratio of 48.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCD.

What is Chris Kempczinski's approval rating as McDonald's' CEO?: 2,583 employees have rated McDonald's Chief Executive Officer Chris Kempczinski on Glassdoor.com. Chris Kempczinski has an approval rating of 78% among the company's employees.
What other stocks do shareholders of McDonald's own?: Based on aggregate information from My MarketBeat watchlists, some companies that other McDonald's investors own include Johnson & Johnson (JNJ), Walt Disney (DIS), AT&T (T), Home Depot (HD), NVIDIA (NVDA), Intel (INTC), Walmart (WMT), Cisco Systems (CSCO), Verizon Communications (VZ) and JPMorgan Chase & Co. (JPM).
What is McDonald's' stock symbol?: McDonald's trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCD."
Who are McDonald's' major shareholders?: McDonald's' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (62.60%), State Street Corp (4.68%), Geode Capital Management LLC (1.95%), Northern Trust Corp (1.24%), Bank of New York Mellon Corp (0.96%) and Charles Schwab Investment Management Inc. (0.71%). Insiders that own company stock include Anthony Capuano, Catherine A Hoovel, Catherine M Engelbert, Christopher J Kempczinski, Edith Morgan Flatley, Enrique Hernandez, Jr, Francesca A Debiase, Heidi B Capozzi, Ian Frederick Borden, Jo Sempels, Joseph M Erlinger, Kevin M Ozan, Manuel Jm Steijaert and Marion K Gross.
View institutional ownership trends.
How do I buy shares of McDonald's?: Shares of MCD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is McDonald's' stock price today?: One share of MCD stock can currently be purchased for approximately $271.22.
How much money does McDonald's make?: McDonald's (NYSE:MCD) has a market capitalization of $197.65 billion and generates $23.18 billion in revenue each year. The fast-food giant earns $6.18 billion in net income (profit) each year or $10.87 on an earnings per share basis.
How many employees does McDonald's have?: The company employs 150,000 workers across the globe.
Does McDonald's have any subsidiaries?: The following companies are subsidiares of McDonald's: 3267114 Nova Scotia Company, Apprente, Asia Pacific McD Franchising, Boston Market, Caspers Company, Donatos Pizza, Dynamic Yield, HanGook McDonald's Co. Ltd., Limited Liability Company "NRO", MCD Europe Limited, MCD Global Franchising Limited, McD APMEA Singapore Investments Pte. Ltd., McD Asia Pacific LLC, McDonald's Australia Limited, McDonald's Deutschland LLC, McDonald's Development Italy LLC, McDonald's France S.A.S., McDonald's Franchise GmbH, McDonald's Global Markets LLC, McDonald's GmbH, McDonald's Immobilien Gesellschaft mit beschränkter Haftung, McDonald's International Property Company Ltd., McDonald's Limited Liability Company, McDonald's Nederland B.V., McDonald's Polska Sp. z o.o, McDonald's Real Estate Company, McDonald's Real Estate LLP, McDonald's Restaurant Operations Inc., McDonald's Restaurants Limited, McDonald's Restaurants of Canada Limited, McDonald's Suisse Development Sàrl, McDonald's Suisse Franchise Sàrl, McDonald's Suisse Restaurants Sàrl, McDonald's USA LLC, Moscow-McDonald's, and Restaurantes McDonald's S.A.U..
Read More
How can I contact McDonald's?: McDonald's' mailing address is 110 NORTH CARPENTER STREET, CHICAGO IL, 60607. The official website for the company is corporate.mcdonalds.com. The fast-food giant can be reached via phone at (630) 623-3000 or via fax at 630-623-5004.

This page (NYSE:MCD) was last updated on 9/22/2023 by MarketBeat.com Staff

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McDonald's (MCD) Stock Forecast, Price & News

McDonald's MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About McDonald's (NYSE:MCD) Stock

MCD Price History

MCD Stock News Headlines

MCD Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

MCD Stock - Frequently Asked Questions

Overall MarketRank^™