McDonald's (MCD)

• Market cap: $210B
• 1 day: 0.84%
• 5 days: -1.51%
• 1 month: 0.61%
• 3 months: -1.40%
• 6 months: 15.32%
• Year to date: -1.47%
• 1 year: 1.28%
• 5 years: 48.46%
• 10 years: 211.73%
• Sector: Consumer Discretionary
• Industry: Eating Places

About: McDonald's is the largest restaurant owner-operator in the world, with 2023 system sales of $130 billion across nearly than 42,000 stores and 115 markets. McDonald's pioneered the franchise model, building its footprint through partnerships with independent restaurant franchisees and master franchise partners around the globe. The firm earns roughly 60% of its revenue from franchise royalty fees and lease payments, with most of the remainder coming from company-operated stores across its three core segments: the United States, internationally operated markets, and international developmental/licensed markets.

Employees: 150,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

46% more funds holding in top 10

Funds holding in top 10: 37 [Q2] → 54 (+17) [Q3]

45% more first-time investments, than exits

New positions opened: 242 | Existing positions closed: 167

15% more capital invested

Capital invested by funds: $134B [Q2] → $154B (+$20.7B) [Q3]

10% more call options, than puts

Call options by funds: $3.26B | Put options by funds: $2.95B

2% more funds holding

Funds holding: 3,019 [Q2] → 3,094 (+75) [Q3]

9% less repeat investments, than reductions

Existing positions increased: 1,163 | Existing positions reduced: 1,283

1.77% less ownership

Funds ownership: 72.17% [Q2] → 70.4% (-1.77%) [Q3]

Research analyst outlook

15 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $285 3% downside
• Avg. target: $323 10% upside
• High target: $350 20% upside

15 analyst ratings

• positive: 9 60%
• neutral: 6 40%
• negative: 0 0%

B of A Securities Sara Senatore 37% 1-year accuracy 13 / 35 met price target	11% upside $324	Neutral Maintained	30 Oct 2024
Truist Securities Jake Bartlett 52% 1-year accuracy 36 / 69 met price target	17% upside $342	Buy Maintained	30 Oct 2024
BMO Capital Andrew Strelzik 38% 1-year accuracy 12 / 32 met price target	14% upside $335	Outperform Maintained	30 Oct 2024
TD Cowen Andrew Charles 47% 1-year accuracy 56 / 120 met price target	3% upside $300	Hold Reiterated	29 Oct 2024
Guggenheim Gregory Francfort 75% 1-year accuracy 6 / 8 met price target	3% downside $285	Neutral Downgraded	23 Oct 2024