The stock of McDonald’s Corp (NYSE: MCD) has decreased by -0.43 when compared to last closing price of 267.39. Despite this, the company has experienced a -0.50% fall in its stock price over the last five trading sessions. Business Insider reported 2024-04-15 that McDonald’s is bringing back bagel breakfast sandwiches to California restaurants. The popular menu item, plus a $15 million ad buy, could boost sales by 10%, according to Bloomberg.
Is It Worth Investing in McDonald’s Corp (NYSE: MCD) Right Now?
The price-to-earnings ratio for McDonald’s Corp (NYSE: MCD) is above average at 23.02x, Company’s 36-month beta value is 0.72.Analysts have differing opinions on the stock, with 15 analysts rating it as a “buy,” 8 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for MCD is 721.65M, and currently, short sellers hold a 1.12% ratio of that floaft. The average trading volume of MCD on April 16, 2024 was 3.28M shares.
MCD’s Market Performance
The stock of McDonald’s Corp (MCD) has seen a -0.50% decrease in the past week, with a -5.50% drop in the past month, and a -9.28% fall in the past quarter. The volatility ratio for the week is 1.12%, and the volatility levels for the past 30 days are at 1.23% for MCD. The simple moving average for the last 20 days is -3.62% for MCD stock, with a simple moving average of -5.68% for the last 200 days.
Analysts’ Opinion of MCD
BofA Securities gave a rating of “Neutral” to MCD, setting the target price at $341 in the report published on January 29th of the current year.
MCD Trading at -6.72% from the 50-Day Moving Average
After a stumble in the market that brought MCD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.96% of loss for the given period.
Volatility was left at 1.23%, however, over the last 30 days, the volatility rate increased by 1.12%, as shares sank -4.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.69% lower at present.
During the last 5 trading sessions, MCD fell by -0.50%, which changed the moving average for the period of 200-days by -8.74% in comparison to the 20-day moving average, which settled at $275.57. In addition, McDonald’s Corp saw -10.21% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MCD starting from Erlinger Joseph M., who sale 1,099 shares at the price of $284.38 back on Mar 22 ’24. After this action, Erlinger Joseph M. now owns 18,075 shares of McDonald’s Corp, valued at $312,534 using the latest closing price.
Flatley Edith Morgan, the EVP – Global CMO of McDonald’s Corp, sale 4,346 shares at $295.32 during a trade that took place back on Feb 23 ’24, which means that Flatley Edith Morgan is holding 2,905 shares at $1,283,461 based on the most recent closing price.
Stock Fundamentals for MCD
Current profitability levels for the company are sitting at:
- 0.46 for the present operating margin
- 0.57 for the gross margin
The net margin for McDonald’s Corp stands at 0.33. The total capital return value is set at 0.24.
Based on McDonald’s Corp (MCD), the company’s capital structure generated 1.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at -8.51. The interest coverage ratio of the stock is 8.58.
Currently, EBITDA for the company is 12.13 billion with net debt to EBITDA at 3.73. When we switch over and look at the enterprise to sales, we see a ratio of 9.33. The receivables turnover for the company is 10.25for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
In a nutshell, McDonald’s Corp (MCD) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
