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Top-Rated Dividend StocksTop-Rated DividendMost-Upgraded StocksMost-Upgraded
NYSE:MCD

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

$263.50
-2.08 (-0.78%)
(As of 09/29/2023 ET)
Compare
Today's Range
$261.75
▼
$267.37
50-Day Range
$263.64
▼
$295.61
52-Week Range
$230.58
▼
$299.35
Volume
3.37 million shs
Average Volume
2.54 million shs
Market Capitalization
$192.03 billion
P/E Ratio
24.24
Dividend Yield
2.31%
Price Target
$323.63
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

McDonald's MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
22.8% Upside
$323.63 Price Target
Short Interest
Healthy
0.96% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.39
Upright™ Environmental Score
News Sentiment
0.22mentions of McDonald
Based on 96 Articles This Week
Insider Trading
Selling Shares
$6.74 M Sold Last Quarter
Proj. Earnings Growth
7.81%
From $11.52 to $12.42 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

48th out of 212 stocks

Eating Places Industry

13th out of 39 stocks

See Top Rated MarketRank™ Stocks Here

MCD stock logo

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

MCD Stock News Headlines

September 26, 2023 | marketbeat.com
McDonald’s New Fees Won’t Move The Needle, But Growth Will 
McDonald's new fee is unlikely to move the needle, but it doesn't matter; the growth trajectory is solid and driving value for investors
September 14, 2023 | marketbeat.com
3 Fast Food Stocks To Fill Up Your Q4 Portfolio (MCD)
Using MarketBeat’s Stock Screener tool is an easy way to sort the quality from the noise. Here are three fast food names that stand out immediately
September 29, 2023 | Behind the Markets (Ad)
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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 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.
September 29, 2023 | Chaikin Analytics (Ad)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
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 29, 2023 | news.yahoo.com
Man arrested after trying to pay for McDonald's order with fake $100 bill, deputies say
September 29, 2023 | nypost.com
McDonald’s manager earns insane six-figure salary — and additional perks
September 29, 2023 | yahoo.com
Why McDonald's Egg White Delight Was Discontinued, According To Former Chef
September 29, 2023 | yahoo.com
McDonald's Doesn't Have Onion Rings Due To Efficiency Concerns
September 29, 2023 | msn.com
McDonald’s McRib had a ‘Farewell Tour’ last year. Is it returning?
September 29, 2023 | yahoo.com
McDonald's 'Monster Mac' Hack Is A Serious Food Challenge If You're Up For It
September 29, 2023 | msn.com
McDonald's Has a Secret Menu Item You Can Only Get at a Very Specific Time and It's the Best Thing I've Seen Yet
September 29, 2023 | finance.yahoo.com
Dip Buyers Should Check Out These 3 Stocks
September 29, 2023 | news.yahoo.com
Kassidy Jones: Suspect arrested in attack on teen at Harbor City McDonald's
September 29, 2023 | msn.com
Arrest made in brutal beating of teen at L.A. McDonald’s
September 29, 2023 | msn.com
20 fascinating facts about McDonald’s
September 29, 2023 | msn.com
Police arrest suspect weeks after brutal attack of 13-year-old at a McDonald's in Los Angeles
September 29, 2023 | businessinsider.com
A 90-year-old McDonald's employee in Japan swears working is the key to her health, and she doesn't plan to stop before age 100
September 29, 2023 | msn.com
LAPD arrests woman accused of beating teen in Harbor City McDonald's
September 29, 2023 | msn.com
Woman Who Assaulted 13-Yr-old Kassidy Jones Inside A McDonald's Has Been Arrested – Press Conference Scheduled | WATCH
September 28, 2023 | msn.com
Arrest made in brutal, unprovoked attack on teen girl in Harbor City McDonald's
September 28, 2023 | msn.com
McDonald’s Just Added 2 Brand-New Sauces To The Menu: What Is ‘Mambo Sauce’?
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
9/29/2023
Next Earnings (Confirmed)
10/30/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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
+23.3%
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
24.15
Forward P/E Ratio
22.79
P/E Growth
2.56
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
8.25
Cash Flow
$12.72 per share
Price / Cash Flow
20.64
Book Value
($8.20) per share
Price / Book
-32.01

Miscellaneous

Outstanding Shares
728,760,000
Free Float
726,795,000
Market Cap
$191.29 billion
Optionable
Optionable
Beta
0.64

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Key Executives

  • Mr. Christopher J. KempczinskiMr. Christopher J. Kempczinski (Age 54)
    Pres, CEO & Director
    Comp: $6.27M
  • Mr. Ian Frederick BordenMr. 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 ErlingerMr. 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. CapozziMs. 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 research 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 research 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 brokerages have issued 12-month price objectives for McDonald's' shares. Their MCD share price forecasts range from $277.00 to $383.00. On average, they predict the company's stock price to reach $323.63 in the next year. This suggests a possible upside of 23.3% 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 on January 1st, 2023. Since then, MCD shares have decreased by 0.4% and is now trading at $262.49.
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 Monday, October 30th 2023.
View our MCD earnings forecast.

How can I listen to McDonald's' earnings call?

McDonald's will be holding an earnings conference call on Monday, October 30th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were McDonald's' earnings last quarter?

McDonald's Co. (NYSE:MCD) announced its quarterly earnings data on Thursday, July, 27th. The fast-food giant reported $3.17 earnings per share (EPS) 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 negative trailing twelve-month return on equity of 139.57% and a net margin of 33.06%. The company's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.55 earnings per share.
Read the conference call transcript.

How often does McDonald's pay dividends? What is the dividend yield for McDonald's?

McDonald's declared 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 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date 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 2.31%. 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 48.95% 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."

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 $262.49.

How much money does McDonald's make?

McDonald's (NYSE:MCD) has a market capitalization of $191.29 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 9/29/2023 by MarketBeat.com Staff

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