Raymond James reiterates Market Perform rating on McDonald’s stock

Published 07/08/2025, 10:52
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Investing.com - Raymond (NSE:RYMD) James has reiterated its Market Perform rating on McDonald’s (NYSE:MCD), a prominent player in the Hotels, Restaurants & Leisure industry with a market cap of $220 billion, following the company’s second-quarter results, which showed U.S. comparable sales growth of 2.5% amid a challenging quick-service restaurant environment. According to InvestingPro data, the company maintains a "GOOD" financial health score and has demonstrated remarkable stability with 49 consecutive years of dividend increases.

The firm noted that McDonald’s delivered solid performance with better-than-expected international trends, though management maintained a cautious outlook regarding lower-income U.S. consumers, whose visits declined by low double-digit percentages. The company’s strong market position is reflected in its $25.7 billion trailing twelve-month revenue and stable dividend yield of 2.3%. InvestingPro analysis suggests the stock is currently trading near its Fair Value, with multiple additional insights available to subscribers.

McDonald’s executives expect improved comparable sales in the second half of the year, driven by menu and marketing innovation, including the strong initial performance of Snack Wraps and new beverage tests, along with easier year-over-year comparisons in the fourth quarter.

The company is actively discussing with franchisees potential adjustments to core menu prices that may have become too high, affecting value perceptions for approximately 50% of its U.S. customer base, while perceptions remain strong among frequent app users and value platform customers.

Raymond James slightly raised its estimates for McDonald’s and views the current valuation at approximately 23 times 2026 price-to-earnings ratio as offering neutral risk/reward, noting this falls within the historical range of 20-25 times earnings.

In other recent news, McDonald’s Corporation reported its financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $3.19, which was higher than the forecasted $3.15. Additionally, McDonald’s revenue exceeded projections, reaching $6.84 billion compared to the expected $6.7 billion. These results indicate stronger-than-anticipated performance for the quarter. The positive earnings report reflects investor optimism about the company’s financial health. Analysts had projected slightly lower figures, which McDonald’s managed to exceed. This development highlights the company’s ability to outperform market expectations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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