McDonald's Stock Has a Lot to Prove on Tuesday
The turnaround at McDonald's (NYSE: MCD) continues. The fast-food giant has seen its shares nearly double since Steve Easterbrook was named the chain's CEO in early 2015, but those dividend-adjusted stock gains also raise the bar when it comes to market expectations. The stock hit yet another all-time high on Friday. The next big test on that front for McDonald's comes on Tuesday morning, when the Big Mac daddy reports financial results.
Everything from the late 2015 push for All-Day Breakfast to the decision to introduce upscale menu items including artisan sandwiches and McCafe premium beverages seems to be clicking with consumers. Even its aggressive push for home delivery via UberEATS and a mobile ordering app that cranks out some pretty chunky discounts are working. McDonald's may have fallen out of favor when it rattled off two years of consistently negative stateside comps through late 2015, but it's back with a vengeance. This week's third-quarter results will be critical in keeping the good times going.
Source: Fool.com
McDonalds Corp. Stock
The stock is one of the favorites of our community with 68 Buy predictions and 1 Sell predictions.
As a result the target price of 289 € shows a slightly positive potential of 11.35% compared to the current price of 259.55 € for McDonalds Corp..
