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McDonald's Corp. has seen recent activity from institutional investors, with 70.29% of its stock owned by them. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $323.39, despite Morgan Stanley lowering its price target to $335.00. Insider trading has also been notable, with executives selling significant shares recently.
Wells Fargo raised its price target on McDonald's from $285 to $350, maintaining an "overweight" rating, while Loop Capital reiterated a "buy" rating. McDonald's stock recently traded at $295.08, with a 50-day moving average of $299.96 and a market cap of $211.46 billion. The company reported a quarterly EPS of $3.23, exceeding estimates, and declared a dividend of $1.77 per share, reflecting a 2.40% yield.
McDonald's is set to launch a "McValue" offering in 2025, maintaining its $5 value meal and introducing a "buy one add one" option for $1 more. This initiative aims to retain customers amid rising restaurant costs, despite a recent decline in same-store sales and challenges from an E. coli outbreak linked to slivered onions. The company plans to invest over $100 million to support affected franchisees and enhance marketing efforts.
McDonald's CEO Chris Kempczinski announced that the E. coli outbreak linked to Quarter Pounder burgers is now considered contained, with the item returning to about 3,000 U.S. locations. The FDA is investigating slivered onions as the potential source, while the company has halted sourcing from the implicated supplier. Despite a temporary decline in sales, McDonald's aims to restore consumer confidence and return to previous sales momentum.
Senator Elizabeth Warren, along with Senators Bob Casey and Ron Wyden, has requested an explanation from McDonald’s CEO Chris Kempczinski regarding the chain's significant price hikes, which they argue have exceeded inflation rates. They emphasize that McDonald's dominant market position as the largest fast food chain in the U.S. greatly affects American consumers.
Chris Kempczinski
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