McDonald's Stock Dips Below 200-Day Average as Uber Delivery Deal Expands

McDonald's Corporation saw its share price drop below its 200-day moving average during trading on Wednesday. The stock traded as low as $274.45 against a 200-day moving average of $282.16 before closing the session at $275.3020, with 6,856,754 shares traded.

The technical decline comes alongside an expanded multi-year collaboration with Uber Technologies across 14 international markets, including the United States, the United Kingdom, Canada, Australia, France and Germany. Under the agreement, Uber Eats will become the preferred delivery fulfillment provider for orders made through the McDonald's mobile application, primarily using the white-label solution Uber Direct. The companies are also linking their loyalty platforms, enabling MyMcDonald's Rewards members in select markets to exchange points for Uber ride discounts starting in November 2026.

Delivery has grown into a major channel for the fast-food chain, generating more than $20 billion in annual global sales. During the third quarter of 2026, global delivery sales expanded at a mid-to-high-single-digit pace, and worldwide comparable sales rose 1.5%. However, domestic guest counts remain under pressure, and U.S. comparable sales fell 0.2% for the quarter, though management noted trends turned positive in September.

McDonald's released its quarterly financial results on Wednesday, November 4th, posting adjusted earnings per share of $3.57, which exceeded analyst forecasts of $3.38. Quarterly revenue climbed 1.1% from the prior year to $7.16 billion, missing expectations of $7.28 billion. Alongside its results, the company raised its quarterly dividend from $1.86 to $1.93 per share, payable on Tuesday, December 15th to shareholders of record as of Tuesday, December 1st.

Wall Street opinions on the stock remain mixed but skew favorable. According to MarketBeat, the consensus rating stands at Moderate Buy with an average price target of $297.82. Among recent research notes, Citigroup raised its target on the stock from $295.00 to $315.00 with a buy rating, while Freedom Broker downgraded the shares from buy to hold and reduced its target from $305.00 to $298.00.