Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries McDonald's shares hit all-time high By: FOX Business March 31, 2023 at 14:53 PM EDT Shares of McDonald’s are extending gains after closing at a record high on Thursday following analyst upgrades. Shares of McDonald’s closed at a record high Thursday and are up again on Friday, ‘likely because of upgrades made to earnings’, one analyst said.David Zanoni, financial author and Seeking Alpha contributor said the fast-food chain’s $277.79 closing price on Thursday was a result of analyst upgrades of earnings per share over the last three months from $10.49 to $10.58 in 2023 and from $11.44 to $11.70 in 2024."McDonald’s typically performs well during uncertain economic times," he added. "With inflation, families of four could easily spend over $100 in casual restaurants; however, with McDonald’s, that cost could be 50% to 75% lower as a more convenient option."CHICK-FIL-A REMOVING MENU ITEM EFFECTIVE APRIL 3Zanoni said McDonald’s makes a lot of money collecting fees from its franchisees.PEPSI UNVEILS NEW LOOK FIRST REFRESH IN 14 YEARSAs a result, "The company is a cash-flow turn-key operation, and part of this money is paid to shareholders as dividends.," he finished. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
McDonald's shares hit all-time high By: FOX Business March 31, 2023 at 14:53 PM EDT Shares of McDonald’s are extending gains after closing at a record high on Thursday following analyst upgrades. Shares of McDonald’s closed at a record high Thursday and are up again on Friday, ‘likely because of upgrades made to earnings’, one analyst said.David Zanoni, financial author and Seeking Alpha contributor said the fast-food chain’s $277.79 closing price on Thursday was a result of analyst upgrades of earnings per share over the last three months from $10.49 to $10.58 in 2023 and from $11.44 to $11.70 in 2024."McDonald’s typically performs well during uncertain economic times," he added. "With inflation, families of four could easily spend over $100 in casual restaurants; however, with McDonald’s, that cost could be 50% to 75% lower as a more convenient option."CHICK-FIL-A REMOVING MENU ITEM EFFECTIVE APRIL 3Zanoni said McDonald’s makes a lot of money collecting fees from its franchisees.PEPSI UNVEILS NEW LOOK FIRST REFRESH IN 14 YEARSAs a result, "The company is a cash-flow turn-key operation, and part of this money is paid to shareholders as dividends.," he finished.