Soft Industry Traffic Impacts Mcdonalds' Q1 Results, Analysts Adjust Price Targets

WallStreetZen05-02

BMO Capital's Andrew Strelzik lowered their price target on Mcdonalds (NYSE: MCD) by 1.5% from $335 to $330 on 2024/05/01. The analyst maintained their Buy rating on the stock.According to Strelzik, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2432842672?lang=en_US&edition=fundamental","thumbnail":"https://images.unsplash.com/photo-1619881589316-56c7f9e6b587?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfHNlYXJjaHw0fHxNY2RvbmFsZHN8ZW58MHwwfHx8MTY4Njk4OTk4MHww&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180","is_english":true,"pubTime":"2024-05-02 19:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2432842672","market":"us","top_or_hot":-1,"title":"Soft Industry Traffic Impacts Mcdonalds' Q1 Results, Analysts Adjust Price Targets","media":"WallStreetZen","content":"<div>\n<p>BMO Capital's Andrew Strelzik lowered their price target on Mcdonalds (NYSE: MCD) by 1.5% from $335 to $330 on 2024/05/01. The analyst maintained their Buy rating on the stock.According to Strelzik, ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/soft-industry-traffic-impacts-mcdonalds-q1-results-analysts-adjust-price-targets\">Source Link</a>\n\n</div>\n","source":"wallstreetzen_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Soft Industry Traffic Impacts Mcdonalds' Q1 Results, Analysts Adjust Price Targets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoft Industry Traffic Impacts Mcdonalds' Q1 Results, Analysts Adjust Price Targets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 19:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wallstreetzen.com/news/soft-industry-traffic-impacts-mcdonalds-q1-results-analysts-adjust-price-targets><strong>WallStreetZen</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BMO Capital's Andrew Strelzik lowered their price target on Mcdonalds (NYSE: MCD) by 1.5% from $335 to $330 on 2024/05/01. The analyst maintained their Buy rating on the stock.According to Strelzik, ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/soft-industry-traffic-impacts-mcdonalds-q1-results-analysts-adjust-price-targets\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BJJMRX11.SGD","symbol_name":"Janus Henderson Balanced A Acc SGD","start_time":0,"source_url":"https://www.wallstreetzen.com/news/soft-industry-traffic-impacts-mcdonalds-q1-results-analysts-adjust-price-targets","article_id":"2432842672","we_media_id":null,"thumbnails":["https://images.unsplash.com/photo-1619881589316-56c7f9e6b587?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfHNlYXJjaHw0fHxNY2RvbmFsZHN8ZW58MHwwfHx8MTY4Njk4OTk4MHww&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432842672","pubTimestamp":1714651020,"sourceInfo":{"source_id":"wallstreetzen_highlight","name":"WallStreetZen"},"weMediaInfo":null,"summary":"BMO Capital's Andrew Strelzik lowered their price target on Mcdonalds (NYSE: MCD) by 1.5% from $335 to $330 on 2024/05/01. The analyst maintained their Buy rating on the stock.According to Strelzik, M","collect":0,"end_time":0,"defaultTopTitle":"wallstreetzen.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4566":"资本集团","MCD":"麦当劳","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","QSR":"餐饮品牌国际","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BK4581":"高盛持仓","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4504":"桥水持仓","BK4209":"餐馆","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H"},"translate_title":"行业交通疲软影响麦当劳Q1业绩，分析师调整价格目标","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QSR":1,"MCD":1},"content_text":"BMO Capital's Andrew Strelzik lowered their price target on Mcdonalds (NYSE: MCD) by 1.5% from $335 to $330 on 2024/05/01. The analyst maintained their Buy rating on the stock.According to Strelzik, Mcdonalds' first-quarter results fell below consensus due to a modest comp miss across segments, which was attributed to softer industry traffic. The analyst made this assessment after evaluating the company's Q1 2024 earnings, which were reported on April 30, 2024.During the earnings call, Mcdonalds' management adjusted expectations for FY 2024, stating that it would be a normalized comp year due to softer U.S. industry traffic, which would be less conducive for margin expansion, as reported by Strelzik.In terms of Q1 2024 earnings, Mcdonalds reported an EPS of $2.70, slightly missing the Zacks Consensus Estimate of $2.71. However, it still represented a 2.7% increase compared to Q1 2023's EPS of $2.63. The company's revenue for the quarter stood at $6.17 billion, in line with the Zacks Consensus Estimate and a 4.6% improvement from Q1 2023's revenue of $5.9 billion. Notably, management did not provide guidance in the press release or earnings call.CEO Chris Kempczinski expressed confidence in the company's performance, highlighting that global comparable sales growth in the first quarter marked 13 consecutive quarters of positive comparable sales growth, with 30% growth over the last four years. He emphasized the importance of earning consumers' visits by delivering leading, reliable, everyday value and outstanding execution in their restaurants. Looking ahead to the rest of 2024 and beyond, Kempczinski stated that Mcdonalds remains focused on leveraging the competitive advantages within their \"Accelerating the Arches\" plan and growing their market share in the quick-service restaurant (QSR) industry to drive long-term growth.In addition to Strelzik, several other analysts have also updated their ratings for Mcdonalds on May 1, 2024. JP Morgan's John Ivankoe lowered their price target by 3.3% from $300 to $290 but maintained their Strong Buy rating on the stock. Baird's David Tarantino reduced their price target by 1.6% from $305 to $300 while keeping their Buy rating. Wedbush's Nick Setyan also lowered their price target by 1.7% from $300 to $295 and maintained their Buy rating.Currently, 82.4% of top-rated analysts rate Mcdonalds as a Strong Buy or Buy, while 17.6% see it as a Hold. There are no analysts recommending or strongly recommending selling the stock.The consensus forecast among analysts predicts that Mcdonalds' upcoming year will deliver earnings per share (EPS) of $12.54. If these analysts are correct, Mcdonalds' next yearly EPS will see a 7.8% increase on a year-over-year basis.Since Mcdonalds' latest quarterly report on April 30, 2024, the stock price has risen by 0.5%. However, on a year-over-year basis, the stock is down 7.8%. During this period, Mcdonalds has been trailing the S&P 500, which has seen a decline of 20.4%.BMO Capital analyst Andrew Strelzik is ranked by WallStreetZen in the top 12% out of 4,572 Wall Street analysts. With an average return of 7% and a win rate of 58.3%, Strelzik specializes in analyzing the Consumer Defensive and Basic Materials sectors, among others.Mcdonalds Corporation, founded in 1940 and headquartered in Chicago, IL, operates and franchises fast-food restaurants both in the U.S. and internationally.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432842672"}