McDonald’s Corp [MCD] stock prices are up 0.41% to $298.56 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MCD shares have gain 1.32% over the last week, with a monthly amount drifted -4.59%, and not 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 23, 2024, when Robert W. Baird downgraded its rating to a Neutral and also revised its price target to $290 from $320. Previously, Guggenheim downgraded its rating to Neutral on October 23, 2024, and dropped its price target to $285. On October 15, 2024, Truist reiterated its Buy rating and revised its price target to $350 on the stock. Argus upgraded its rating to a Buy. Jefferies reiterated its recommendation of a Buy and raised its price target to $330 on September 09, 2024. TD Cowen downgraded its rating to Hold for this stock on July 31, 2024, and downed its price target to $280. In a note dated July 10, 2024, JP Morgan reiterated an Overweight rating on this stock and revised its target price from $300 to $290.
The stock price of McDonald’s Corp [MCD] has been fluctuating between $243.53 and $317.90 over the past year. Currently, Wall Street analysts expect the stock to reach $310.82 within the next 12 months. McDonald’s Corp [NYSE: MCD] shares were valued at $298.56 at the most recent close of the market. An investor can expect a potential return of 4.11% based on the average MCD price forecast.
Analyzing the MCD fundamentals
The McDonald’s Corp [NYSE:MCD] reported sales of 25.94B for trailing twelve months, representing a surge of 2.70%. 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 -1.69 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 -10.32.
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 296.73 points at the first support level, and at 294.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 300.25, and for the 2nd resistance point, it is at 301.94.
Ratios To Look Out For
It’s worth pointing out that McDonald’s Corp [NYSE:MCD]’s Current Ratio is 0.78. Also, the Quick Ratio is 0.77, while the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 8.25 and price to earnings (TTM) ratio is 26.21.
Transactions by insiders
Recent insider trading involved Gross Marion K., EVP-Chief Supply Chain Officer, that happened on Nov 01 ’24 when 1499.0 shares were sold. President, McDonald’s USA, Erlinger Joseph M. completed a deal on Oct 23 ’24 to sell 1099.0 shares. Meanwhile, Officer JOSEPH ERLINGER bought 1099.0 shares on Oct 23 ’24.
