McDonald’s Corp [MCD] stock prices are up 0.88% to $288.03 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MCD shares have lost -0.56% over the last week, with a monthly amount glided 7.29%, 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 31, 2024, when TD Cowen downgraded its rating to a Hold and also revised its price target to $280 from $285. Previously, JP Morgan reaffirmed its Overweight rating on July 10, 2024, and dropped its price target to $290. On July 02, 2024, Guggenheim reiterated its Buy rating and revised its price target to $280 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $288 on June 13, 2024. BofA Securities reiterated its recommendation of a Neutral and reduced its price target to $288 on May 28, 2024. Argus downgraded its rating to Hold for this stock on March 25, 2024. In a note dated February 06, 2024, BTIG Research downgraded an Neutral rating on this stock.
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 $312.09 within the next 12 months. McDonald’s Corp [NYSE: MCD] shares were valued at $288.03 at the most recent close of the market. An investor can expect a potential return of 8.35% 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 drop of -0.12%. 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 0.15, Equity is -1.73 and Total Capital is 0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-8.12.
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 286.36 points at the first support level, and at 284.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 289.34, and for the 2nd resistance point, it is at 290.64.
Ratios To Look Out For
It’s worth pointing out that McDonald’s Corp [NYSE:MCD]’s Current Ratio is 1.08. On the other hand, the Quick Ratio is 1.06, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 8.02 and price to earnings (TTM) ratio is 25.21.
Transactions by insiders
Recent insider trading involved Gross Marion K., EVP-Chief Supply Chain Officer, that happened on Sep 03 ’24 when 1498.0 shares were sold. President, McDonald’s USA, Erlinger Joseph M. completed a deal on Aug 23 ’24 to sell 1098.0 shares. Meanwhile, Officer JOSEPH ERLINGER bought 1098.0 shares on Aug 23 ’24.
