Core Viewpoint - The recent sell-off in McDonald's stock presents a potential buying opportunity for investors, particularly as the stock has shown signs of recovery following the E. coli outbreak concerns [1][2][4]. Group 1: Stock Performance and Market Sentiment - McDonald's stock recently experienced a sell-off of 6.9% due to E. coli outbreak reports, impacting investor sentiment and financial outlook [2][3]. - Despite the bearish event, analysts maintain a bullish outlook, suggesting that McDonald's stock has the potential for a double-digit rally in the coming months [3][4]. - The stock's price target is currently set at $318.22, indicating a potential upside of 6.9% from its recent price [5][6]. Group 2: Analyst Ratings and Forecasts - Analysts project a 12-month earnings per share (EPS) of $3.34 for McDonald's, reflecting a growth of 12.5% [8]. - The stock's price-to-earnings (P/E) ratio is currently at 26.03, with a forward P/E of 23.6, indicating premium valuations compared to peers [12][13]. - Wells Fargo and Bank of America have set higher price targets of $350 and $322 respectively, suggesting potential upsides of 17.7% and 8.3% [6]. Group 3: Financial Health and Growth Potential - McDonald's reported a 3% increase in consolidated sales, with strong cash flows allowing for a 6% increase in quarterly cash dividends [9]. - The company is valued at $217.8 billion, indicating its significant market presence and stability [8]. - A decline in short interest by 3.6% suggests a shift in market sentiment towards a more bullish outlook [14].

McDonald's says daily sales took a hit as some customers avoided its restaurants during the E. coli outbreak.Third-party data indicated foot traffic to the chain fell by more than 9% nationwide, with a 30% drop in Colorado.The company says the issue has been contained and doesn't expect a material impact on overall performance. 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! Go to newsletter preferences ...

McDonald's Corporation (NYSE:MCD) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Scott Meader - Interim Treasurer Chris Kempczinski - Chairman & Chief Executive Officer Ian Borden - Chief Financial Officer Conference Call Participants David Palmer - Evercore John Ivankoe - JPMorgan Dennis Geiger - UBS David Tarantino - Baird Brian Harbour - Morgan Stanley Sara Senatore - Bank of America Eric Gonzalez - KeyBanc Lauren Silberman - Deutsche Bank Jeff Bernstein - Barclays Jon ...

Core Viewpoint - McDonald's experienced a significant decline in sales and customer visits due to an E. coli outbreak linked to its Quarter Pounder burgers, with a notable impact on consumer confidence and restaurant traffic [1][2][4]. Sales Impact - Following the outbreak, customer visits to McDonald's dropped by 6.4% nationwide and 24% in Colorado on the day after the outbreak was reported [2] - By the end of the week, visits had decreased by 10% across the US and 33% in Colorado [3] Response to Outbreak - McDonald's plans to resume sales of Quarter Pounder burgers without slivered onions after confirming that its beef patties tested negative for E. coli [4] - The company has removed all onions supplied by the affected facility and ceased sourcing from that location indefinitely [6] Financial Performance - Despite the outbreak, McDonald's reported adjusted earnings per share of $3.23, surpassing analysts' expectations of $3.20, and revenue of $6.87 billion, exceeding expectations of $6.82 billion [11][12] - Global same-store sales fell by 1.5%, worse than the anticipated 0.6% decline, while US same-store sales grew by 0.3%, which was below the expected 0.5% growth [12] Consumer Behavior - The company noted a trend of consumers, particularly low-income individuals, opting to eat at home more frequently due to inflationary pressures [11][14] - Special deals and value offerings have helped McDonald's gain market share among low-income consumers for the first time in over a year [13]

McDonald's (MCD) reported $6.87 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.7%. EPS of $3.23 for the same period compares to $3.19 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.8 billion, representing a surprise of +1.13%. The company delivered an EPS surprise of +1.57%, with the consensus EPS estimate being $3.18.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

McDonald's Corporation (MCD) reported third-quarter 2024 results, with both earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis. Despite reporting better-than-expected results, the company’s shares were down 2.3% in the pre-market trading session as investors' sentiments were hurt by dismal comps performance.Chairman and CEO Chris Kempczinski said McDonald's will keep advancing its Accelerating the Arches strategy to foster global long-ter ...

A week after health authorities publicly linked a deadly E. coli outbreak to McDonald's Quarter Pounder burgers, the company's CEO, Chris Kempczinski, told investors that the situation is now behind them."How we've handled the issue, now that we're moving ... we view it as being behind us," Kempczinski said on the company's call on Tuesday.During his prepared remarks, he said that the "situation appears to be contained."On Sunday, McDonald's said Quarter Pounder burgers would return to the roughly 900 resta ...

McDonald's (MCD) came out with quarterly earnings of $3.23 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $3.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.57%. A quarter ago, it was expected that this world's biggest hamburger chain would post earnings of $3.08 per share when it actually produced earnings of $2.97, delivering a surprise of -3.57%.Over the last four quart ...

McDonald's global sales fell for the second consecutive quarter, down 1.5%.Fast-food chains have faced challenges from food inflation, affecting consumer spending habits.McDonald's latest results come too soon to reflect any impact from its recent E.coli outbreak. 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! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a persona ...

McDonald's shares slipped in premarket trading Tuesday after it reported higher third-quarter revenue but lower profit than last year, as the fast-food giant's same-store sales fell more than expected. The fast-food giant registered $6.87 billion in revenue, up from $6.69 billion last year and the $6.81 billion analysts expected, according to consensus estimates compiled by Visible Alpha. McDonald's also posted $2.26 billion in net income, down from last year's $2.32 billion and the $2.30 billion analysts ...