McDonald’s Corp [MCD] stock prices are up 1.45% to $261.00 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MCD shares have gain 4.20% over the last week, with a monthly amount glided 2.93%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
McDonald’s Corp [NYSE: MCD] stock has seen the most recent analyst activity on July 10, 2024, when JP Morgan reiterated its Overweight rating and also revised its price target to $290 from $300. Previously, Guggenheim reaffirmed its Buy rating on July 02, 2024, and dropped its price target to $280. On June 13, 2024, Goldman initiated with a Neutral rating and assigned a price target of $288 on the stock. BofA Securities reiterated its Neutral rating and decreased its price target to $288 on May 28, 2024. Argus downgraded its rating to a Hold. BTIG Research downgraded its rating to Neutral for this stock on February 06, 2024. In a note dated January 29, 2024, BofA Securities reiterated an Neutral rating on this stock and boosted its target price from $291 to $341.
The stock price of McDonald’s Corp [MCD] has been fluctuating between $243.53 and $302.39 over the past year. Currently, Wall Street analysts expect the stock to reach $311.23 within the next 12 months. McDonald’s Corp [NYSE: MCD] shares were valued at $261.00 at the most recent close of the market. An investor can expect a potential return of 19.25% based on the average MCD price forecast.
Analyzing the MCD fundamentals
The McDonald’s Corp [NYSE:MCD] reported sales of 25.76B for trailing twelve months, representing a surge of 4.60%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.46%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is -1.77 and Total Capital is 0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-7.87.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 258.56 points at the first support level, and at 256.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 262.75, and for the 2nd resistance point, it is at 264.49.
Ratios To Look Out For
It’s worth pointing out that McDonald’s Corp [NYSE:MCD]’s Current Ratio is 0.83. On the other hand, the Quick Ratio is 0.82, and the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 7.30 and price to earnings (TTM) ratio is 22.17.
Transactions by insiders
Recent insider trading involved Gross Marion K., EVP-Chief Supply Chain Officer, that happened on Jul 03 ’24 when 1498.0 shares were sold. President, McDonald’s USA, Erlinger Joseph M. completed a deal on Jun 21 ’24 to sell 1098.0 shares. Meanwhile, President, McDonald’s USA Erlinger Joseph M. sold 1099.0 shares on May 23 ’24.
