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What Wall Street Analysts Are Saying About McDonald's Link To E. Coli Outbreak
Investopedia· 2024-10-23 18:35
Key TakeawaysMcDonald's stock fell Wednesday, a day after the CDC announced it had linked an E. coli outbreak to the chain's Quarter Pounders.However, analysts said they think the impact on the fast-food giant's stock and sales likely will be short-lived.Analysts said McDonald's is better equipped to handle supply-chain shifts than companies that endured other outbreaks, like Chipotle in 2015. Analysts believe any impact from a recent E. Coli outbreak to McDonald's (MCD) sales and stock price likely will be ...
US map shows the 10 states with E. coli cases linked to McDonald's Quarter Pounders
New York Post· 2024-10-23 17:43
A map from the Centers for Disease Control and Prevention shows the states in which people have fallen ill after eating McDonald’s Quarter Pounder burgers and contracting E. coli.An outbreak of E. Coli that sickened 49 people and killed one across 10 states was first linked to the Golden Arches’ famous hamburgers on Tuesday evening.Colorado and Nebraska are the states with the highest number of confirmed cases. At least 26 people have fallen ill in Colorado, including one older adult who died, the CDC said. ...
McDonald's Stock Jumps 24% in 3 Months: Should You Buy, Sell or Hold?
ZACKS· 2024-10-23 16:30
McDonald's Corporation (MCD) has gained 24.2% in the past three months, outperforming the Zacks Retail - Restaurants industry, the Zacks Retail-Wholesale sector and the S&P 500 Index, which rose 20.4%, 10.7% and 7.4%, respectively.Image Source: Zacks Investment ResearchThe company is benefiting from its focus on enhancing customer experiences through its 4D Growth strategy and increased global franchise units. This, alongside an effective capital allocation strategy, has added to the uptrend, given its focu ...
McDonald's stock plunges over E. coli outbreak linked to Quarter Pounders
New York Post· 2024-10-23 15:45
McDonald’s shares plunged as much as 6% Wednesday after an outbreak of E. coli that sickened almost 50 people and killed one was linked to the Golden Arches’ famous Quarter Pounder hamburgers.The largest burger chain in the world saw its shares drop from $314.70 a share at Tuesday’s closing to $299.61 a share by late Wednesday morning.“This public health scare is the last thing McDonald’s needs given that it’s already been struggling to drive growth,” said Susannah Streeter, head of money and markets at Har ...
McDonald's Stock Eyes Worst Day Since March 2020
Schaeffers Investment Research· 2024-10-23 14:35
McDonald's Corp (NYSE:MCD) stock is down 6.6% to trade at $293.94 at last check, after the U.S. Centers for Disease Control and Prevention (CDC) linked an E. coli outbreak to the fast food company's Quarter Pounder burgers. The incident resulted in 10 hospitalizations and one death, according to the health agency. In response, Guggenheim cut its price target to $285 from $290.Shares are on track for their worst day since March 2020 and third-straight daily drop, as they pivot lower from their Oct. 21, recor ...
Perplexity AI predicts McDonald's (MCD) stock price amid E. coli outbreak
Finbold· 2024-10-23 14:16
McDonald’s (NYSE: MCD) stock price is crashing amid an E. coli bacteria outbreak with reported hospitalizations and deaths. Finbold turned to Perplexity Online AI for real-time web insights and a price prediction for McDonald’s stock as things develop.According to multiple sources, the E. coli outbreak is related to one of McDonald’s flagship products, the Quarter Pounder burger. In particular, The Kobeissi Letter highlighted an over 10% crash right after the news, with ten hospitalizations and one death.BR ...
Watch These McDonald's Price Levels as Stock Drops on E. Coli Investigation
Investopedia· 2024-10-23 02:14
Key TakeawaysShares in McDonald’s slumped 6% in extended trading on Tuesday after health authorities said they were investigating an E. coli outbreak possibly linked to the fast-food chain’s Quarter Pounder burgers.The projected news-driven drop may lead to a retest of a prior 16-month trading range before the stock potentially continues its longer-term uptrend.investors should watch important retracement levels on the McDonald's chart around $300, $280, and $260.The measuring principle, which calculates th ...
This is how important the Quarter Pounder is to McDonald's — and why it will want to address E. coli issues quickly
Business Insider· 2024-10-23 02:14
McDonald's Quarter Pounder has been linked to a deadly E. coli outbreak across 10 states.The fast-food chain overhauled its famous burger in 2018 — then reported a surge in sales.Now, McDonald's says it's temporarily removing the Quarter Pounder from its menus. 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 personaliz ...
E. coli outbreak linked to McDonald's Quarter Pounder
Sky News· 2024-10-23 00:19
One person has died and 10 have been hospitalised after an outbreak of E. coli linked to McDonald's Quarter Pounder burgers, the US Centers for Disease Control and Prevention (CDC) has said.Infections were reported between 27 September and 11 October across 10 US states; Colorado, Iowa, Kansas, Missouri, Montana, Nebraska, Oregon, Utah, Wisconsin and Wyoming. Colorado has 27 of the 49 reported cases - including an older person who died and one child who has severe kidney complications, the CDC said.The publ ...
Earnings Preview: McDonald's (MCD) Q3 Earnings Expected to Decline
ZACKS· 2024-10-22 15:06
McDonald's (MCD) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 2 ...