Analysts’ Recent Ratings Updates for McDonald’s (MCD)

A number of research firms have changed their ratings and price targets for McDonald’s (NYSE: MCD):

• 9/28/2026 – McDonald’s had its price target lowered by Morgan Stanley from $308.00 to $297.00. They now have an “equal weight” rating on the stock.
• 9/28/2026 – McDonald’s had its price target lowered by Melius Research from $250.00 to $230.00. They now have a “sell” rating on the stock.
• 9/25/2026 – McDonald’s had its “market perform” rating reaffirmed by Sanford C. Bernstein.
• 9/25/2026 – McDonald’s was given a new $250.00 price target by HC Wainwright.
• 9/24/2026 – McDonald’s had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $325.00 price target on the stock.
• 9/24/2026 – McDonald’s was given a new $260.00 price target by UBS Group AG.
• 9/24/2026 – McDonald’s had its price target lowered by TD Cowen from $282.00 to $270.00. They now have a “hold” rating on the stock.
• 9/24/2026 – McDonald’s had its price target lowered by BMO Capital Markets from $335.00 to $310.00. They now have an “outperform” rating on the stock.
• 9/24/2026 – McDonald’s had its price target lowered by Evercore Inc from $320.00 to $300.00. They now have an “outperform” rating on the stock.
• 9/24/2026 – McDonald’s had its price target lowered by TD Cowen from $282.00 to $270.00. They now have a “hold” rating on the stock.
• 9/24/2026 – McDonald’s had its price target lowered by Robert W. Baird from $285.00 to $250.00. They now have a “neutral” rating on the stock.
• 9/24/2026 – McDonald’s had its price target lowered by Oppenheimer Holdings, Inc. from $325.00 to $295.00. They now have an “outperform” rating on the stock.
• 9/24/2026 – McDonald’s had its price target lowered by JPMorgan Chase & Co. from $280.00 to $260.00. They now have an “overweight” rating on the stock.
• 9/24/2026 – McDonald’s had its price target lowered by Royal Bank Of Canada from $290.00 to $285.00. They now have a “sector perform” rating on the stock.
• 9/24/2026 – McDonald’s had its price target lowered by BTIG Research from $350.00 to $295.00. They now have a “buy” rating on the stock.
• 9/21/2026 – McDonald’s had its “overweight” rating reaffirmed by KeyCorp.
• 9/21/2026 – McDonald’s had its price target lowered by UBS Group AG from $340.00 to $320.00. They now have a “buy” rating on the stock.
• 9/21/2026 – McDonald’s had its “buy” rating reaffirmed by Needham & Company LLC.
• 9/21/2026 – McDonald’s had its price target lowered by UBS Group AG from $340.00 to $320.00. They now have a “buy” rating on the stock.
• 9/21/2026 – McDonald’s had its price target lowered by BMO Capital Markets from $335.00 to $310.00. They now have an “outperform” rating on the stock.
• 9/18/2026 – McDonald’s had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 9/17/2026 – McDonald’s had its price target lowered by Citigroup Inc. from $345.00 to $310.00. They now have a “buy” rating on the stock.
• 9/16/2026 – McDonald’s is now covered by Seaport Research Partners. They set a “neutral” rating on the stock.
• 9/16/2026 – McDonald’s had its “buy” rating reaffirmed by BTIG Research. They now have a $350.00 price target on the stock.
• 9/15/2026 – McDonald’s had its price target lowered by Royal Bank Of Canada from $295.00 to $290.00. They now have a “sector perform” rating on the stock.
• 9/14/2026 – McDonald’s had its price target lowered by Deutsche Bank Aktiengesellschaft from $325.00 to $300.00. They now have a “buy” rating on the stock.
• 9/14/2026 – McDonald’s had its price target lowered by Morgan Stanley from $319.00 to $308.00. They now have an “equal weight” rating on the stock.
• 9/11/2026 – McDonald’s had its price target lowered by TD Cowen from $300.00 to $282.00. They now have a “hold” rating on the stock.
• 8/26/2026 – McDonald’s had its price target lowered by Argus from $320.00 to $310.00. They now have a “buy” rating on the stock.
• 8/24/2026 – McDonald’s was upgraded by Robert W. Baird to “hold”.
• 8/5/2026 – McDonald’s had its price target lowered by Guggenheim from $320.00 to $290.00. They now have a “neutral” rating on the stock.
• 8/5/2026 – McDonald’s had its “market perform” rating reaffirmed by Sanford C. Bernstein. They now have a $295.00 price target on the stock.
• 8/5/2026 – McDonald’s was given a new $305.00 price target by UBS Group AG.
• 8/5/2026 – McDonald’s had its price target raised by Citigroup Inc. from $335.00 to $345.00. They now have a “buy” rating on the stock.
• 8/5/2026 – McDonald’s had its price target raised by Deutsche Bank Aktiengesellschaft from $335.00 to $345.00. They now have a “buy” rating on the stock.
• 8/5/2026 – McDonald’s had its price target lowered by KeyCorp from $315.00 to $305.00. They now have an “overweight” rating on the stock.
• 8/5/2026 – McDonald’s was upgraded by Freedom Capital from “hold” to “strong-buy”.
• 8/5/2026 – McDonald’s had its price target lowered by Robert W. Baird from $305.00 to $285.00. They now have a “neutral” rating on the stock.
• 8/5/2026 – McDonald’s had its price target lowered by Royal Bank Of Canada from $305.00 to $295.00. They now have a “sector perform” rating on the stock.
• 8/5/2026 – McDonald’s had its price target lowered by Morgan Stanley from $322.00 to $319.00. They now have an “equal weight” rating on the stock.
• 8/5/2026 – McDonald’s had its “buy” rating reaffirmed by BTIG Research. They now have a $350.00 price target on the stock.
• 8/4/2026 – McDonald’s had its “hold” rating reaffirmed by TD Cowen.
• 8/4/2026 – McDonald’s was given a new $286.00 price target by Piper Sandler.
• 7/31/2026 – McDonald’s had its price target lowered by Mizuho from $300.00 to $290.00. They now have a “neutral” rating on the stock.

McDonald’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $1.93 per share. The ex-dividend date is Tuesday, December 1st. This is a positive change from McDonald’s’s previous quarterly dividend of $1.86. This represents a $7.72 dividend on an annualized basis and a dividend yield of 3.3%. McDonald’s’s dividend payout ratio (DPR) is 60.44%.

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.