Bearish
McDonald's stock drops 1.52% to $255.69 amid analyst target cuts and investor sell-offs.
In the past 24 hours, McDonald's stock (MCD) declined by 1.52%, closing at $255.69. This downturn follows recent analyst price target reductions and significant share sales by institutional investors.
Key points
- Analysts have lowered McDonald's price targets, with Argus reducing its target to $310 from $320, maintaining a 'Buy' rating.
- NS Partners Ltd decreased its McDonald's holdings by 64.9% in Q2, selling 76,067 shares and retaining 41,072 shares valued at approximately $11.1 million.
- Despite the stock's recent decline, McDonald's reported a 6% increase in Q2 2026 earnings per share to $3.32, with revenue rising 4% to $7.1 billion.
- The company declared a quarterly dividend of $1.86 per share, representing a 2.8% annualized yield, indicating ongoing shareholder returns.
Sources
AI-generated from public news sources. Not financial advice.
