A share price of McDonald’s Corp [MCD] is currently trading at $304.04, up 0.07%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MCD shares have gain 0.19% over the last week, with a monthly amount glided 4.76%, 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 October 08, 2024, when Argus upgraded its rating to a Buy. Previously, Jefferies reaffirmed its Buy rating on September 09, 2024, and elevated its price target to $330. On July 31, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $280 on the stock. JP Morgan reiterated its Overweight rating and decreased its price target to $290 on July 10, 2024. Guggenheim reiterated its recommendation of a Buy and reduced its price target to $280 on July 02, 2024. Goldman started tracking with a Neutral rating for this stock on June 13, 2024, and assigned it a price target of $288. In a note dated May 28, 2024, BofA Securities reiterated an Neutral rating on this stock and revised its target price from $302 to $288.
McDonald’s Corp experienced fluctuations in its stock price throughout the past year between $243.53 and $306.96. Currently, Wall Street analysts expect the stock to reach $314.42 within the next 12 months. McDonald’s Corp [NYSE: MCD] shares were valued at $304.04 at the most recent close of the market. An investor can expect a potential return of 3.41% 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 0.15, Equity is -1.73 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 -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 302.73 points at the first support level, and at 301.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 305.55, and for the 2nd resistance point, it is at 307.06.
Ratios To Look Out For
To put it in perspective, the Current Ratio for McDonald’s Corp [NYSE:MCD] is 1.08. In addition, the Quick Ratio stands at 1.06 and the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 8.47 and price to earnings (TTM) ratio is 26.61.
Transactions by insiders
Recent insider trading involved CHRISTOPHER KEMPCZINSKI, Director, that happened on Sep 27 ’24 when 9291.0 shares were purchased. Chairman and CEO, Kempczinski Christopher J completed a deal on Sep 27 ’24 to sell 9291.0 shares. Meanwhile, Chairman and CEO Kempczinski Christopher J sold 11727.0 shares on Sep 23 ’24.
