How many times has McDonald's (MCD) split its stock?

Our data shows 9 stock splits for McDonald's (MCD). See the table on this page for dates and ratios.

What is a stock split?

A stock split increases the number of shares outstanding while proportionally lowering the share price, so market capitalization is unchanged. Chart and return tools often use split-adjusted prices. The split table on this page refreshes daily from our corporate-actions data.

What is the cumulative split multiple for MCD?

Multiplying each split factor in chronological order gives a cumulative multiple of about 121.5 from the oldest split through the most recent one in our table.

Does a stock split change the value of my MCD investment?

A split does not change the total market value of your holding by itself; you own more shares at a lower per-share price. Dividends per share and some per-share metrics are often adjusted for splits.

Stock split history for McDonald's (MCD)

McDonald's stock (symbol: MCD) underwent a total of 9 stock splits.

The most recent stock split occurred on March 8, 1999.

One MCD share bought prior to June 14, 1971 would equal 121.5 MCD shares today.

The same share count applies to one share bought at IPO on April 21, 1965.

McDonald's

MCD

Stock splits history (since IPO on April 21, 1965)

Cumulative multiple is the running product of split factors from the chronologically oldest row through each date. Rows are listed newest-first, so the cumulative column reads forward in time from the bottom of the table toward the top.

Date	Type	Split	Multiple	Cumulative multiple	Pre-split price	Post-split price
March 8, 1999	Stock split	2:1	x2	x121.5	$94.32	$46.38
June 27, 1994	Stock split	2:1	x2	x60.75	$59	$29.50
June 19, 1989	Stock split	2:1	x2	x30.375	$56.88	$29.24
June 23, 1987	Stock split	3:2	x1.5	x15.1875	$85.68	$57.76
June 26, 1986	Stock split	3:2	x1.5	x10.125	$105.66	$70.92
September 25, 1984	Stock split	3:2	x1.5	x6.75	$74.52	$49.50
October 7, 1982	Stock split	3:2	x1.5	x4.5	$86.27	$62.10
June 6, 1972	Stock split	2:1	x2	x3	$111.78	$54.68
June 14, 1971	Stock split	3:2	x1.5	x1.5	$82.88	$55.50

March 8, 1999

Type: Stock split
Split: 2:1
Multiple: x2
Cumulative multiple: x121.5
Pre-split price: $94.32
Post-split price: $46.38

June 27, 1994

Type: Stock split
Split: 2:1
Multiple: x2
Cumulative multiple: x60.75
Pre-split price: $59
Post-split price: $29.50

June 19, 1989

Type: Stock split
Split: 2:1
Multiple: x2
Cumulative multiple: x30.375
Pre-split price: $56.88
Post-split price: $29.24

June 23, 1987

Type: Stock split
Split: 3:2
Multiple: x1.5
Cumulative multiple: x15.1875
Pre-split price: $85.68
Post-split price: $57.76

June 26, 1986

Type: Stock split
Split: 3:2
Multiple: x1.5
Cumulative multiple: x10.125
Pre-split price: $105.66
Post-split price: $70.92

September 25, 1984

Type: Stock split
Split: 3:2
Multiple: x1.5
Cumulative multiple: x6.75
Pre-split price: $74.52
Post-split price: $49.50

October 7, 1982

Type: Stock split
Split: 3:2
Multiple: x1.5
Cumulative multiple: x4.5
Pre-split price: $86.27
Post-split price: $62.10

June 6, 1972

Type: Stock split
Split: 2:1
Multiple: x2
Cumulative multiple: x3
Pre-split price: $111.78
Post-split price: $54.68

June 14, 1971

Type: Stock split
Split: 3:2
Multiple: x1.5
Cumulative multiple: x1.5
Pre-split price: $82.88
Post-split price: $55.50

Row notes (9)

March 8, 1999—A historic 2-for-1 forward split executed at the peak of the 90s bull market; this remains the final stock split in McDonald's history to date.
June 27, 1994—Strategic forward split following a period of massive global expansion as the brand solidified its position as a worldwide cultural and retail icon.
June 19, 1989—Traditional 2-for-1 split implemented to maintain an attractive trading range during the high-growth consumer boom of the late 1980s.
June 23, 1987—Market-driven 3-for-2 adjustment reflecting the company's steady earnings momentum and consistent market share gains in the fast-food sector.
June 26, 1986—Growth-oriented split utilized to manage the share price as McDonald's successfully expanded its breakfast and value menu offerings.
September 25, 1984—Periodic capital adjustment executed to reward long-term shareholders as the company celebrated several years of record-breaking systemwide sales.
October 7, 1982—Strategic 3-for-2 split designed to enhance market liquidity after the stock successfully navigated the economic shifts of the early 1980s.
June 6, 1972—Early-era 2-for-1 split following the company's rapid post-IPO valuation growth and the success of the "Billion Served" milestone.
June 14, 1971—Foundational 3-for-2 share distribution conducted during the formative years of the franchise’s nationwide dominance and menu diversification.

Pre-split price is the final regular-session close on a trading day strictly before the split calendar date. Post-split price is the first session open on or after that date. Both values come from unadjusted end-of-day bars for the company's primary listing.

The Type column reflects the data feed's event category (for example stock split vs stock dividend). When the feed labels a generic split but the ratio is reverse (e.g. 1:10), we show reverse stock split. Optional editorial context for a row appears next to the split ratio as an info icon (hover or keyboard focus on desktop; tap on mobile). The same text is listed under Row notes when that block is expanded.

Wondering why some rows show ratios like 51:50 or 2000:1973? Read: stock split ratios explained →How the cumulative column is computed: cumulative split multiplier explained. For ratios driven by spin-offs, see spin-offs explained. Or read the methodology for how prices and cumulative multiples are computed.

Stock splits for companies in the Consumer Cyclical sector

8 peers sorted by market cap

Compare split histories across large names in the same sector. Each ticker links to its own split table; the list excludes ETFs and funds and follows our daily company snapshot.

Ticker	Company	Market cap
AMZN	Amazon.com, Inc.	$2.79T
TSLA	Tesla, Inc.	$1.41T
HD	The Home Depot, Inc.	$327.75B
BABA	Alibaba Group Holding Limited	$303.66B
TJX	The TJX Companies, Inc.	$174.57B
PDD	PDD Holdings Inc.	$136.46B
BKNG	Booking Holdings Inc.	$134.92B
LOW	Lowe's Companies, Inc.	$134.59B

Frequently asked questions

How many times has McDonald's (MCD) split its stock?: Our data shows 9 stock splits for McDonald's (MCD). See the table on this page for dates and ratios.
What is a stock split?: A stock split increases the number of shares outstanding while proportionally lowering the share price, so market capitalization is unchanged. Chart and return tools often use split-adjusted prices. The split table on this page refreshes daily from our corporate-actions data.
What is the cumulative split multiple for MCD?: Multiplying each split factor in chronological order gives a cumulative multiple of about 121.5 from the oldest split through the most recent one in our table.
Does a stock split change the value of my MCD investment?: A split does not change the total market value of your holding by itself; you own more shares at a lower per-share price. Dividends per share and some per-share metrics are often adjusted for splits.