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McDonald’s earnings slightly missed estimates, but revenue rose 3%, with plans for 8,000 new locations by 2026.
McDonald’s reported third-quarter earnings of $3.22 per share, slightly below estimates, with $7.08 billion in revenue, up 3% year-over-year.
The stock opened at $310.61, with institutional ownership at 70.29% and a market cap of $221.2 billion.
Several firms adjusted their stakes, including Highland Capital Management increasing its position and Ellsworth Advisors acquiring shares, while insiders sold $13 million worth of stock in 90 days.
The company plans over 8,000 new locations by 2026, along with tech upgrades and drive-thru improvements.
Analysts maintain a “hold” consensus with a $324.57 target, and the stock yields 2.4% on a $1.86 quarterly dividend.
Las ganancias de McDonald's faltaron ligeramente a las estimaciones, pero los ingresos aumentaron un 3%, con planes para 8.000 nuevas ubicaciones para 2026.