The stock of McDonald’s Corp (MCD) has seen a 2.69% increase in the past week, with a 6.91% gain in the past month, and a -0.69% decrease in the past quarter. The volatility ratio for the week is 2.72%, and the volatility levels for the past 30 days are at 2.38% for MCD. The simple moving average for the last 20 days is 4.28% for MCD’s stock, with a simple moving average of -2.35% for the last 200 days.
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 23.49x, Company’s 36-month beta value is 0.70.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.”
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The public float for MCD is 720.21M, and currently, short sellers hold a 1.36% ratio of that floaft. The average trading volume of MCD on August 06, 2024 was 3.93M shares.
MCD) stock’s latest price update
McDonald’s Corp (NYSE: MCD)’s stock price has gone decline by -2.98 in comparison to its previous close of 276.69, however, the company has experienced a 2.69% increase in its stock price over the last five trading days. investorplace.com reported 2024-08-05 that The U.S. stock market is currently in the midst of a correction, primarily due to a lower-than-expected increase in jobs last month and some high-profile earnings misses. But on Aug. 2, FactSet reported that 78% of the S&P 500 firms that had delivered their quarterly financial results had generated earnings per share that were above analysts’ average estimates.
Analysts’ Opinion of MCD
Many brokerage firms have already submitted their reports for MCD stocks, with TD Cowen repeating the rating for MCD by listing it as a “Hold.” The predicted price for MCD in the upcoming period, according to TD Cowen is $280 based on the research report published on July 31, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see MCD reach a price target of $290, previously predicting the price at $300. The rating they have provided for MCD stocks is “Overweight” according to the report published on July 10th, 2024.
Guggenheim gave a rating of “Buy” to MCD, setting the target price at $280 in the report published on July 02nd of the current year.
MCD Trading at 4.71% 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 -11.22% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares surge +8.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.01% upper at present.
During the last 5 trading sessions, MCD rose by +2.69%, which changed the moving average for the period of 200-days by +6.89% in comparison to the 20-day moving average, which settled at $258.46. In addition, McDonald’s Corp saw -9.46% 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 $260.00 back on Jul 23 ’24. After this action, Erlinger Joseph M. now owns 13,681 shares of McDonald’s Corp, valued at $285,740 using the latest closing price.
Gross Marion K., the EVP-Chief Supply Chain Officer of McDonald’s Corp, sale 1,498 shares at $248.26 during a trade that took place back on Jul 03 ’24, which means that Gross Marion K. is holding 1,560 shares at $371,893 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
- 0.56 for the gross margin
The net margin for McDonald’s Corp stands at 0.32. The total capital return value is set at 0.24.
Based on McDonald’s Corp (MCD), the company’s capital structure generated 1.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at -7.87. The interest coverage ratio of the stock is 8.15.
Currently, EBITDA for the company is 12.13 billion with net debt to EBITDA at 3.96. When we switch over and look at the enterprise to sales, we see a ratio of 9.45. The receivables turnover for the company is 11.51for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
In a nutshell, McDonald’s Corp (MCD) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
