McDonald's sales fall globally for first time in more than three years

TD Cowen cuts McDonald's (MCD) to Hold, trough value perceptions 'will take time to fix'

TD Cowen downgraded McDonald's (NYSE: MCD) from Buy to Hold, lowering the price target to $280.00 from $285.00 per share in a note to clients Wednesday, following the fast food giant's latest quarterly earnings.

McDonald's reported Q2 EPS of $2.80, $0.27 worse than the analyst estimate of $3.07. Revenue for the quarter came in at $6.49 billion versus the consensus estimate of $6.62... More

McDonald's (MCD) PT Lowered to $278 at BofA Securities

BofA Securities analyst Gregory Francfort lowered the price target on McDonald's (NYSE: MCD) to $278.00 (from $288.00) while maintaining a Neutral rating.

The analyst comments "Continued negative trends in the US (July SSSG were negative across all operating segments) suggests that even as MCD's $5 Value... More

McDonald's (MCD) PT Lowered to $285 at Wells Fargo

Wells Fargo analyst Jon Tower lowered the price target on McDonald's (NYSE: MCD) to $285.00 (from $300.00) while maintaining a Overweight rating.

The analyst comments "Today's relief makes sense. There's no denying that Q2 was soft, but US comps of -0.7% were better vs feared (-2%),... More

McDonald's (MCD) PT Lowered to $270 at JPMorgan

JPMorgan analyst John Ivankoe lowered the price target on McDonald's (NYSE: MCD) to $270.00 (from $290.00) while maintaining a Overweight rating.

The analyst comments "MCD results may be most notable for their explicit sense of major urgency around re-establishing the brands core value message that was largely... More

McDonald's (MCD) PT Lowered to $310 at Jefferies

Jefferies analyst Andy Barish lowered the price target on McDonald's (NYSE: MCD) to $310.00 (from $320.00) while maintaining a Buy rating.

The analyst comments "Tough 2Q with EPS miss and US/Int'l SSS each below the Street but perhaps not as bad as buy-side... More

McDonald's (MCD) PT Lowered to $295 at Truist Securities

Truist Securities analyst Jake Bartlett lowered the price target on McDonald's (NYSE: MCD) to $295.00 (from $300.00) while maintaining a Buy rating.

The analyst comments "Following 2Q24 results (SSS and EPS miss) we are lowering ests. and our PT to $295, from $300.... More

McDonald's (MCD) PT Lowered to $257 at Stifel

Stifel analyst Chris O\'Cull lowered the price target on McDonald's (NYSE: MCD) to $257.00 (from $265.00) while maintaining a Hold rating.

The analyst comments " MCD reported earnings below consensus (2Q EPS of $2.97, Stifel $3.04, Street $3.07), with weak comps across all three segments. SRS remained... More

Citi Reiterates Neutral Rating on McDonald's (MCD), PT $280

Citi analyst Jon Tower reiterated a Neutral rating and $280.00 price target on McDonald's (NYSE: MCD)

The analyst comments "MCD delivered slightly better than feared comps in the US (many investors bracing for a negative LSD US comp), though IOM missed... More

McDonald's stock gains despite missing profit and revenue expectations

(Updated - July 29, 2024 10:09 AM EDT)

McDonald's (NYSE: MCD) reported a decline in its second-quarter earnings and revenue, missing analyst estimates. However, the stock gained shortly after, despite the results initially sending its shares lower premarket.

The fast-food giant posted an adjusted EPS of $2.80, falling short of the consensus estimate of $3.07. Revenue for the quarter also came in below expectations at $6.49 billion, compared to the predicted $6.62 billion.

The company's global comparable sales decreased by 1.0%, with negative sales across all segments, including a 0.7% drop in the U.S., a 1.1% decrease in International Operated... More