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Wall Street Bulls Look Optimistic About McDonald's (MCD): Should You Buy?
ZACKS· 2024-08-02 14:32
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about McDonald's (MCD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.McDonald's currently has an aver ...
July 2024 New Analysts Cover Rivian, McDonald's, Paycom, Spotify +
Seeking Alpha· 2024-08-02 12:15
FrankvandenBergh/E+ via Getty Images Showcase Intro This past July, we welcomed twenty-two new analysts who published their first-ever article on Seeking Alpha. Our first five introductions are spotlight features, including a longer excerpt from the analyst's article. The rest of the new analysts will be introduced after these with a more brief excerpt, and organized by rating from Strong Sell to Strong Buy. Each section includes details about the newcomers' interest and background, so you can get to kn ...
McDonald's Sees Some Consumer Push Back. Is It Time to Sell the Stock?
The Motley Fool· 2024-08-02 08:20
The fast-food environment is becoming increasingly more difficult to operate profitably in.Share prices of McDonald's (MCD 1.26%) were climbing higher despite the company missing analyst estimates when it reported its second-quarter results earlier this week. Customers have begun to push back on higher prices, which led the company to extend its $5 Meal Deal Promotion.Let's look at the fast-food chain's most recent results, its long-term prospects, and why competitors generally fare worse when the company b ...
McDonald's: The Risk Matrix Has Changed (Rating Downgrade)
Seeking Alpha· 2024-07-30 21:23
TonyBaggett McDonald’s (NYSE:MCD) reported second-quarter earnings on Monday which failed to meet expectations in a number of metrics, but especially with regard to comparable sales, which were especially weak due to a slowdown in industry traffic. With customers frequenting fast-food restaurants less often during the second-quarter, McDonald’s has seen a decline in comparable sales in its key markets, including in the U.S. and Europe. It was the first comparable sales decline for McDonald’s since FY 20 ...
McDonald's is falling short, needs to win over low-income consumers, top exec tells operators in memo
CNBC· 2024-07-29 20:13
After a challenging second quarter, McDonald's executives told restaurant operators and analysts they are refocusing on how to recapture consumers with deals, as they pushed for an extension of the its $5 value meal platform.In a memo to the U.S. system obtained by CNBC on Monday, U.S. President Joe Erlinger said McDonald's struggled to sell diners on affordability, adding that he expects "industry and competitive challenges" to continue throughout the year. Erlinger encouraged operators to look ahead to bu ...
McDonald's Stock Is Rising After an Earnings Miss. Here's Why.
Investopedia· 2024-07-29 19:56
Key TakeawaysMcDonald's stock rose in intraday trading Monday even as the fast-food giant's second-quarter earnings fell short of analyst expectations.McDonald's leadership said in Monday's earnings call that the $5 value meal the company launched last month has been successful, and confirmed reports that nearly all the company's U.S. locations have approved extending the offer.McDonald's shares rose 4% after the company's earnings release and discussion. McDonald's (MCD) shares rose 4% in afternoon trading ...
Stock Of The Day: Will McDonald's Finally Reverse Bearish Trend?
Benzinga· 2024-07-29 19:21
When stocks are going down, buyer's remorse rules the market. Traders and investors purchase shares only to lose money when the price heads lower. Not surprisingly, they regret their decision to buy.When a stock finally reaches a bottom, buyer's remorse gradually fades until there is no more. This important market dynamic may be about to appear on the chart of McDonald’s Corporation MCD, which reported earnings Monday morning. That is why McDonald’s is our Stock of the Day.When prices move lower, some of th ...
McDonald's: Shares Have Likely Bottomed
Seeking Alpha· 2024-07-29 19:14
ermingut McDonald's Corporation (NYSE:MCD) share were up about 1% in pre-market trading, after the company reported results for the June quarter. Interestingly, the positive price action was building on the backdrop of a miss on both sales and earnings. This suggests that peak pessimism has likely been priced in ahead of earnings, and long-term focused investors are now looking to buy the dip in one of the world's most valuable brands. Personally, I also think that MCD shares have bottomed out, and I am ...
McDonald's just admitted that it's too expensive, and it's driving some customers away
Business Insider· 2024-07-29 16:11
McDonald's says that high prices have contributed to its falling sales.Global comparable sales dropped 1%. Its CEO said the company hadn't homed in enough on value.He said customers are looking for more deals and either buying fewer items per order or cheaper items. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email addre ...
McDonald's(MCD) - 2024 Q2 - Earnings Call Transcript
2024-07-29 16:11
McDonald's Corporation (NYSE:MCD) Q2 2024 Earnings Conference Call July 29, 2024 8:30 AM ET Company Participants Mike Cieplak - Investor Relations Chris Kempczinski - Chairman and Chief Executive Officer Joe Erlinger - President, McDonald's USA Ian Borden - Executive Vice President, Global Chief Financial Officer Conference Call Participants John Ivankoe - JPMorgan David Palmer - Evercore ISI Brian Harbour - Morgan Stanley David Tarantino - Robert W. Baird Sara Senatore - Bank of America Dennis Geiger - UBS ...