Currently, McDonald’s Corp [MCD] is trading at $266.44, up 1.92%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MCD shares have gain 4.88% over the last week, with a monthly amount glided 4.55%, 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.
This stock has fluctuated between a low of $243.53 and a high of $302.39 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $312.09 within the next 12 months. McDonald’s Corp [NYSE: MCD] shares were valued at $266.44 at the most recent close of the market. An investor can expect a potential return of 17.13% based on the average MCD price forecast.
Analyzing the MCD fundamentals
Trailing Twelve Months sales for McDonald’s Corp [NYSE:MCD] were 25.76B which represents -0.12% decline. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.46%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is -1.71 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 262.04 points at the first support level, and at 257.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 269.10, and for the 2nd resistance point, it is at 271.77.
Ratios To Look Out For
To put it in perspective, the Current Ratio for McDonald’s Corp [NYSE:MCD] is 0.83. As well, the Quick Ratio is 0.82, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 7.45 and price to earnings (TTM) ratio is 23.32.
Transactions by insiders
Recent insider trading involved Erlinger Joseph M., President, McDonald’s USA, that happened on Jul 23 ’24 when 1099.0 shares were sold. EVP-Chief Supply Chain Officer, Gross Marion K. completed a deal on Jul 03 ’24 to sell 1498.0 shares. Meanwhile, President, McDonald’s USA Erlinger Joseph M. sold 1098.0 shares on Jun 21 ’24.
