McDONALD'S REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
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JPMorgan on McDonald's (MCD): 'Modest stock decline allows modestly better entry point'
February 6, 2024 5:40 AM ESTJPMorgan analyst John Ivankoe reiterated an Overweight rating and $300.00 price target on McDonald's (NYSE: MCD)
The analyst comments "McDonalds stock was down ~370bps after reporting what we saw as broadly in- line results. Headline global comps were 3.4% vs JPMe 4.1% but were... More
Evercore ISI Remains Positive on McDonald's (MCD), 'poised to deliver a low-double digit sustainable total return'
February 6, 2024 4:58 AM ESTEvercore ISI analyst David Palmer reiterated an Outperform rating and $330.00 price target on McDonald's (NYSE: MCD).
The analyst comments "Our $330 price target based on our DCF analysis translates to 24x our 2025e EPS, which is toward the lower-end of its 5-year one standard... More
BTIG Downgrades McDonald's (MCD) to Neutral, 'Expect More Modest Growth in Near-Future'
February 5, 2024 5:47 PM ESTBTIG analyst Peter Saleh downgraded McDonald's (NYSE: MCD) from Buy to Neutral.
The analyst comments "We are downgrading shares of McDonald's to Neutral from Buy following earnings this morning, as sales trends have normalized, operating conditions have become more uncertain, and earnings... More
McDonald's (MCD) PT Lowered to $340 at Truist Securities
February 5, 2024 3:30 PM ESTTruist Securities analyst Jake Bartlett lowered the price target on McDonald's (NYSE: MCD) to $340.00 (from $345.00) while maintaining a Buy rating.
The analyst comments "Following 4Q23 results (SSS miss and EPS beat) and disappointing restaurant margin (RLM) guidance, we are lowering ests. and our... More
McDonald's (MCD) Tops Q4 EPS by 12c, Offers Outlook
February 5, 2024 7:05 AM EST(Updated - February 5, 2024 7:07 AM EST)
McDonald's (NYSE: MCD) reported Q4 EPS of $2.95, $0.12 better than the analyst estimate of $2.83. Revenue for the quarter came in at $6.41 billion versus the consensus estimate of $6.45 billion.
Global comparable sales have grown 9% for the year and over 30% since 2019Fourth quarter financial performance: Global comparable sales increased 3.4%, reflecting positive comparable sales across all segments:
... More
