McDonald`s Corp
MCD - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$197.16B
Close$
Earnings Call Q3 2026
November 4, 2026 - AI Summary
U.S. momentum improved, but comps still soft:
- Q3 U.S. comparable sales: -0.2% for the quarter, +1.4% YTD.
- Trend improved through the quarter: comps turned positive in September after interventions.
- Next steps (U.S. “value equation” + engagement + taste/quality): focus on (1) entry-level offerings (biggest gap), (2) more compelling digital offers for frequent customers, (3) taste/quality + hospitality via system training.
- Q4 expectation (clarification from management): they did not explicitly commit to Q4 comps improving vs Q3; rather they said they’re encouraged by baseline traffic through Sep/Oct and aim to exit 2026 in a stronger position.
Value “entry-level” test is the key near-term catalyst (and early 2027 target):
- 8-week test started last week in ~1,900 restaurants across selected regions: mix-and-match bundles vs fixed bundles designed to match familiar prior “buy one/add one” behaviors.
- Additional ~4,000 franchise restaurants already choosing to move forward with similar entry-level bundles ahead of formal results.
- Combined participation represents >40% of the U.S. system.
- Goal: launch a new national program in early 2027 based on results for customer resonance, operational fit, and incremental traffic/sales.
McDonald’s > NEXT progress is underway (capability-building + beverage + remodeling + tech):
- Make It Golden: launched for guest experience via hospitality/taste-quality training; first training cascade completed for key leaders/experts, scaling across 18,000+ restaurants in Q1.
- Specialty beverages platform: today ~18,000 restaurants in U.S./Germany/Canada/Australia driving incrementality; expanding to Europe by mid-2027 (add 7,000+ restaurants).
- Hand-breaded chicken pilots: operational pilots in the U.S. and Ireland; planned early-2027 advertised sales tests in ~100 restaurants in U.S. cities and full rollout in Ireland.
- Remodeling + systems: new restaurant operating platform Arch IQ; remodeling to scale—hundreds of U.S. restaurants in 2027, run-rate 5,000+ per year from 2028.
- Archy smart ordering pilots for drive-thru to free crew time and improve order accuracy; expectation to reach majority of U.S. restaurants by end of 2027.
Exclusive for Stockcircle Pro members
Sign up
$196.78
29.2% downside
Current Fair Value
29.2% downsideOvervalued by 29.2% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $197.16 Billion |
|---|---|
| Enterprise Value | $252.20 Billion |
| Annual dividend | $7.44 |
| Dividend yield | 2.88% |
| Earnings per Share | $12 |
| Beta | 0.45 |
| Outstanding Shares | 709,100,000 |
Return
| Return on Equity | -858.94% |
|---|---|
| Return on Assets | 14.66% |
| Return on Invested Capital | 22.91% |
Valuation & Multiples
| P/E Ratio | 20.9 |
|---|---|
| PEG | 432.01 |
| Price to Sales | 7.13 |
| Price to Book Ratio | -139.02 |
| Enterprise Value to Revenue | 9.1 |
| Enterprise Value to EBIT | 19.69 |
| Enterprise Value to Net Income | 28 |
| Total Debt to Enterprise | 0.22 |
| Debt to Equity | -54.61 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 4, 2026
EPS Estimate
$3.38
Consensus analyst estimateRevenue Estimate
$7.28 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 10, 2027
EPS Estimate
$3.27
Consensus analyst estimateRevenue Estimate
$7.18 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.13, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.1291▼ 90.53% |
|---|---|
| Total Calls | 73,575▼ 99.02% |
| Total Puts | 9,500▼ 99.88% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.60%▼ 70.49% |
|---|---|
| Total Invested | $7.55B▼ 94.76% |
| Investors Holding | 1,489▼ 2099.00% |
About McDonald`s Corp
150,000 employees
CEO: Christopher Kempczinski
McDonald's Corporation is a prominent global fast-food enterprise, engaged in both operating and franchising its numerous restaurant locations. Headquartered in Chicago, Illinois, the company sustains a substantial workforce of 210,000 f...