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NYSE:MCD

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

$258.69

-4.75 (-1.80%)

(As of 02:09 PM ET)

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Today's Range: $258.20
▼
$262.07
50-Day Range: $263.51
▼
$295.38
52-Week Range: $231.71
▼
$299.35

Volume: 2.28 million shs
Average Volume: 2.54 million shs
Market Capitalization: $188.52 billion

P/E Ratio: 23.80
Dividend Yield: 2.35%
Price Target: $323.63

McDonald's MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.82 Rating Score
Upside/Downside: 25.2% 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: 0.22
Based on 98 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.

3.01 out of 5 stars

Retail/Wholesale Sector

48th out of 216 stocks

Eating Places Industry

13th out of 40 stocks

4.4

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 25.2% from its current price of $258.47.
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
0.96% 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 3, 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 10.85%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
McDonald's pays a meaningful dividend of 2.31%, 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 48.95% 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 0.22. 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 0.62 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 98 news articles for McDonald's this week, compared to 39 articles on an average week.
Search Interest
Only 66 people have searched for MCD on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.
MarketBeat Follows
66 people have added McDonald's to their MarketBeat watchlist in the last 30 days. This is an increase of 61% 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 $6,736,738.00 in company stock.
Percentage Held by Insiders
Only 0.18% 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 7.81% in the coming year, from $11.52 to $12.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of McDonald's is 23.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.46.
Price to Earnings Ratio vs. Sector
The P/E ratio of McDonald's is 23.78, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 20.86.
Price to Earnings Growth Ratio
McDonald's has a PEG Ratio of 2.56. 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

October 2, 2023 | marketbeat.com

5 Reasons Why Arcos Dorados Is A Perfect Investment for 2024 (MCD)

Arcos Dorados is the largest McDonald's franchisee and is expected to produce industry and market-leading growth in 2024.

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

October 2, 2023 | Oxford Club (Ad)

Better Than Oil Stocks

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

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 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.

October 1, 2023 | msn.com

Teen who robbed McDonald's customer, used machete in Tesco and smashed up shop high on Xanax couldn't remember doing it

October 1, 2023 | nypost.com

McDonald’s fan shares super-secret off-menu ‘Monster Mac’: ‘Heart attack waiting to happen’

October 2, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

October 1, 2023 | news.yahoo.com

Ohio McDonald's restaurants to donate 20% to local high schools

October 1, 2023 | yahoo.com

Upgrade Your McDonald's Experience And Add Dipping Sauce To Your Burger

October 1, 2023 | msn.com

‘I ask at the last window to make sure I get it’: McDonald’s drive-thru worker complains about customers who ask for sauce at the window

October 1, 2023 | msn.com

McDonald's Will Welcome Back The McRib Despite Its 2022 'Farewell Tour'

October 1, 2023 | yahoo.com

The Simple Tip To Make Your McDonald's Drink Last Longer

October 1, 2023 | msn.com

McDonalds the foster dog knows how to cool off on a hot day.

October 1, 2023 | finance.yahoo.com

Burger King's menu adds a very McDonald's idea

October 1, 2023 | msn.com

McDonald Peach Orchard in Apple Valley sells out in one day, breaks record

October 1, 2023 | yahoo.com

Are McDonald's Burgers Really 100% Beef?

September 30, 2023 | au.finance.yahoo.com

A Former McDonald's Chef Gave The Scoop On How The Chain Seasons Its Burgers

September 30, 2023 | msn.com

North Las Vegas community welcomes new McDonald's location

September 30, 2023 | msn.com

16-year-old shot at Commerce City McDonald's

September 30, 2023 | news.yahoo.com

Federal lawsuit filed against Oklahoma McDonald’s franchise over alleged sexual harassment

September 30, 2023 | yahoo.com

What's Actually In McDonald's Fruit Smoothies?

September 30, 2023 | msn.com

This Is The Worst Time To Visit McDonald's, According To A Former McDonald's Chef

September 29, 2023 | msn.com

McDonald’s to Debut 2 New Sauces — Will They Outlast These Short-Lived Fan Favorites?

September 29, 2023 | msn.com

Newlyweds Served McDonald's At The Reception, But For Some Reason Didn't Include Fries

September 29, 2023 | msn.com

McDonald's bringing back beloved 'retired' menu item

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: 10/02/2023
Next Earnings (Confirmed): 10/30/2023
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: +25.1%
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: 23.80
Forward P/E Ratio: 22.46
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: 8.13
Cash Flow: $12.55 per share
Price / Cash Flow: 20.62
Book Value: ($8.20) per share
Price / Book: -31.55

Miscellaneous

Outstanding Shares: 728,760,000
Free Float: 727,451,000
Market Cap: $188.57 billion
Optionable: Optionable
Beta: 0.65

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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 equities research analysts have issued "buy," "hold," and "sell" ratings for McDonald's in the last twelve months. There are currently 5 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street equities 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 Wall Street analysts have issued 1-year price targets for McDonald's' stock. Their MCD share price forecasts range from $277.00 to $383.00. On average, they anticipate the company's stock price to reach $323.63 in the next twelve months. This suggests a possible upside of 25.1% 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 start of the year. Since then, MCD shares have decreased by 1.8% and is now trading at $258.75.
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) posted its quarterly earnings results on Thursday, July, 27th. The fast-food giant reported $3.17 earnings per share for the quarter, topping analysts' consensus estimates of $2.77 by $0.40. The fast-food giant earned $6.50 billion during 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 business's revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the company posted $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 yield of 2.35%. 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 $258.75.
How much money does McDonald's make?: McDonald's (NYSE:MCD) has a market capitalization of $188.57 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 10/2/2023 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^™