McDonald’s (MCD) stock price has burned off some fat.
At $275, shares of the Golden Arch’s haven’t been this low since August 2024. The stock is down 10% year to date versus a nearly 3% gain for the Dow Jones Industrial Average (^DJI), pressured of late by a slide following lackluster first quarter earnings a week ago.
Wall Street’s vibe on McDonald’s: Many of the post-earnings analyst notes on McDonald’s last week capture the Street’s disappointment. Analysts were looking for more from McDonald’s on the top and bottom lines amid the hoopla around the Big Arch burger debut and new value offerings.
Stifel analyst Chris O’Cull captures the sentiment on McDonald’s well: “McDonald’s delivered resilient 1Q results with 3.8% global comps and maintained U.S. market share, yet the outlook remains clouded by a sequential deceleration across all segments heading into 2Q.”