Initiated Sell X

MCD McDonald’s

Melius

$250

Upgrades Neutral Buy X

MCD McDonald’s

Goldman

$345

Downgrades Buy Hold X

MCD McDonald’s

Argus

Downgrades Buy Sell X

MCD McDonald’s

Redburn Atlantic

$260

Downgrades Overweight Eq-Weight X

MCD McDonald’s

Morgan Stanley

$324

Downgrades Buy Hold X

MCD McDonald’s

Loop Capital

$315

Downgrades Buy Neutral X

MCD McDonald’s

Northcoast

Reiterated Overweight X

MCD McDonald’s

KeyBanc Capital Markets

$335 $340

Upgrades Neutral Buy X

MCD McDonald’s

Citigroup

$311 $334

Downgrades Buy Neutral X

MCD McDonald’s

Guggenheim

$290 $285

Downgrades Outperform Neutral X

MCD McDonald’s

Robert W. Baird

$320 $290

Reiterated Buy X

MCD McDonald’s

Truist

$295 $350

Upgrades Hold Buy X

MCD McDonald’s

Argus

Reiterated Buy X

MCD McDonald’s

Jefferies

$310 $330

Downgrades Buy Hold X

MCD McDonald’s

TD Cowen

$285 $280

Reiterated Overweight X

MCD McDonald’s

JP Morgan

$300 $290

Reiterated Buy X

MCD McDonald’s

Guggenheim

$315 $280

Initiated Neutral X

MCD McDonald’s

Goldman

$288

Reiterated Neutral X

MCD McDonald’s

BofA Securities

$302 $288

Downgrades Buy Hold X

MCD McDonald’s

Argus

Downgrades Buy Neutral X

MCD McDonald’s

BTIG Research

Reiterated Neutral X

MCD McDonald’s

BofA Securities

$291 $341

Downgrades Outperform Perform X

MCD McDonald’s

Oppenheimer

Upgrades Hold Buy X

MCD McDonald’s

DZ Bank

$300

Initiated Buy X

MCD McDonald’s

Deutsche Bank

$287

Upgrades Eq Weight Overweight X

MCD McDonald’s

Wells Fargo

$310

Reiterated Buy X

MCD McDonald’s

BofA Securities

$319 $316

Reiterated Buy X

MCD McDonald’s

BTIG Research

$305 $315

Reiterated Overweight X

MCD McDonald’s

KeyBanc Capital Markets

$320 $330

Reiterated Equal Weight X

MCD McDonald’s

Wells Fargo

$300 $304

Reiterated Overweight X

MCD McDonald’s

Morgan Stanley

$315 $320

Reiterated Neutral X

MCD McDonald’s

Citigroup

$300 $308

Resumed Neutral X

MCD McDonald’s

Piper Sandler

$308

Reiterated Overweight X

MCD McDonald’s

Barclays

$310 $330

Reiterated Outperform X

MCD McDonald’s

BMO Capital Markets

$300 $325

Reiterated Outperform X

MCD McDonald’s

Credit Suisse

$300 $320

Reiterated Buy X

MCD McDonald’s

Gordon Haskett

$320 $325

Reiterated Buy X

MCD McDonald’s

Guggenheim

$305 $325

Reiterated Overweight X

MCD McDonald’s

JP Morgan

$262 $284

Reiterated Outperform X

MCD McDonald’s

RBC Capital Mkts

$300 $316

Reiterated Outperform X

MCD McDonald’s

Robert W. Baird

$312 $320

Reiterated Buy X

MCD McDonald’s

Truist

$318 $327

Reiterated Buy X

MCD McDonald’s

UBS

$305 $330

Reiterated Outperform X

MCD McDonald’s

Robert W. Baird

$288 $312

Reiterated Hold X

MCD McDonald’s

Stifel

$270 $290

Reiterated Equal Weight X

MCD McDonald’s

Wells Fargo

$280 $295

Upgrades Neutral Buy X

MCD McDonald’s

Northcoast

$321

Initiated Equal Weight X

MCD McDonald’s

Wells Fargo

$280

Reiterated Overweight X

MCD McDonald’s

Barclays

$270 $295

Reiterated Outperform X

MCD McDonald’s

Credit Suisse

$272 $292

Reiterated Hold X

MCD McDonald’s

Deutsche Bank

$259 $262

Reiterated Buy X

MCD McDonald’s

Jefferies

$298 $305

Reiterated Overweight X

MCD McDonald’s

JP Morgan

$242 $250

Reiterated Overweight X

MCD McDonald’s

KeyBanc Capital Markets

$290 $295

Reiterated Outperform X

MCD McDonald’s

RBC Capital Mkts

$275 $295

Reiterated Outperform X

MCD McDonald’s

Robert W. Baird

$285 $288

Reiterated Outperform X

MCD McDonald’s

Credit Suisse

$287 $272

Reiterated Overweight X

MCD McDonald’s

Morgan Stanley

$285 $274

Initiated Overweight X

MCD McDonald’s

Stephens

$280

Initiated Mkt Perform X

MCD McDonald’s

Bernstein

$267

Reiterated Overweight X

MCD McDonald’s

Barclays

$289 $285

Reiterated Outperform X

MCD McDonald’s

BMO Capital Markets

$270 $285

Reiterated Neutral X

MCD McDonald’s

Citigroup

$266 $275

Reiterated Outperform X

MCD McDonald’s

Credit Suisse

$285 $287

Downgrades Buy Hold X

MCD McDonald’s

Deutsche Bank

$263 $259

Reiterated Buy X

MCD McDonald’s

Jefferies

$306 $298

Reiterated Outperform X

MCD McDonald’s

RBC Capital Mkts

$292 $305

Reiterated Buy X

MCD McDonald’s

Truist

$273 $276

Upgrades Neutral Overweight X

MCD McDonald’s

Atlantic Equities

$245 $278

Resumed Neutral X

MCD McDonald’s

Citigroup

$260 $270

Downgrades Buy Neutral X

MCD McDonald’s

Northcoast

Upgrades Neutral Overweight X

MCD McDonald’s

Piper Sandler

$232 $282

Reiterated Buy X

MCD McDonald’s

Argus

$275 $300

Reiterated Buy X

MCD McDonald’s

Tigress Financial

$271 $314

Reiterated Overweight X

MCD McDonald’s

Barclays

$298 $300

Initiated Buy X

MCD McDonald’s

Loop Capital

$306

Reiterated Buy X

MCD McDonald’s

Argus

$260 $275

Reiterated Buy X

MCD McDonald’s

Deutsche Bank

$253 $264

Reiterated Buy X

MCD McDonald’s

Jefferies

$272 $280

Reiterated Buy X

MCD McDonald’s

MKM Partners

$265 $270

Reiterated Overweight X

MCD McDonald’s

Morgan Stanley

$259 $266

Reiterated Neutral X

MCD McDonald’s

Piper Sandler

$225 $232

Reiterated Hold X

MCD McDonald’s

Stifel

$240 $245

Reiterated Buy X

MCD McDonald’s

UBS

$260 $270

Reiterated Outperform X

MCD McDonald’s

Wedbush

$265 $270

Reiterated Overweight X

MCD McDonald’s

Wells Fargo

$268 $269

Initiated Buy X

MCD McDonald’s

Guggenheim

$270

Reiterated Outperform X

MCD McDonald’s

Telsey Advisory Group

$250 $260

Reiterated Neutral X

MCD McDonald’s

Piper Sandler

$209 $225

Initiated Neutral X

MCD McDonald’s

Atlantic Equities

$237

Upgrades Hold Buy X

MCD McDonald’s

Deutsche Bank

$244

Initiated Buy X

MCD McDonald’s

Goldman

$237

Upgrades Perform Outperform X

MCD McDonald’s

Oppenheimer

$240

Initiated Outperform X

MCD McDonald’s

Wedbush

$240

Initiated Neutral X

MCD McDonald’s

Citigroup

$230

Initiated Buy X

MCD McDonald’s

MKM Partners

Initiated Buy X

MCD McDonald’s

Goldman

$250

Reiterated Outperform X

MCD McDonald’s

Telsey Advisory Group

$210 $230

Initiated Outperform X

MCD McDonald’s

Credit Suisse

$230

Initiated Outperform X

MCD McDonald’s

Evercore ISI

Downgrades Buy Neutral X

MCD McDonald’s

Longbow

Reiterated Outperform X

MCD McDonald’s

Telsey Advisory Group

$195 $210

Upgrades Eq-Weight Overweight X

MCD McDonald’s

Stephens

$180 $200

Upgrades Eq-Weight Overweight X

MCD McDonald’s

Morgan Stanley

Reiterated Outperform X

MCD McDonald’s

Telsey Advisory Group

$175 $195

Initiated Buy X

MCD McDonald’s

Gordon Haskett

Upgrades In-line Outperform X

MCD McDonald’s

Evercore ISI

Upgrades Neutral Buy X

MCD McDonald’s

Guggenheim

Initiated Overweight X

MCD McDonald’s

KeyBanc Capital Mkts

Reiterated Buy X

MCD McDonald’s

Goldman

$179 $190

Reiterated Outperform X

MCD McDonald’s

Telsey Advisory Group

$190 $175

Reiterated Hold X

MCD McDonald’s

Stifel

$165 $168

Reiterated Hold X

MCD McDonald’s

Stifel

$172 $165

Downgrades Overweight Eq-Weight X

MCD McDonald’s

Stephens

Reiterated Neutral X

MCD McDonald’s

Citigroup

$167 $176

Reiterated Outperform X

MCD McDonald’s

Telsey Advisory Group

$180 $190

MCD  McDonald's Corporation

McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants. The Company's restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company's segments include US, International Lead Markets, High Growth Markets, and Foundational Markets and Corporate. The US segment focuses on offering a platform for authentic ingredients that allows customers to customize their sandwiches. Its High Growth Markets segment includes its operations in markets, such as China, Italy, Korea, Poland, Russia, Spain, Switzerland, the Netherlands and related markets. The International Lead markets segment includes the Company's operations in various markets, such as Australia, Canada, France, Germany, the United Kingdom and related markets. The Foundational markets and Corporate segment is engaged in operating restaurants and increasing convenience to customers, including through drive-thru and delivery.