Stocks of McDonald’s Corporation (NYSE:MCD) traded higher last session on Wall Street, down -1.08% to $295.20.
According to the data, McDonald’s Corporation (NYSE:MCD) has 34 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $346.00 and a low of $300.00, we find $320.00. Given the previous closing price of $298.41, this indicates a potential upside of 7.24 percent. MCD stock price is now 1.23% away from the 50-day moving average and 8.43% away from the 200-day moving average. The market capitalization of the company currently stands at $213.53B.
A total of 9 analysts have issued a hold rating and 20 have given it a buy rating. Brokers who have rated the stock have averaged $318.97 as their price target over the next twelve months.
In other news, Erlinger Joseph M., President, McDonald’s USA sold 4,487 shares of the company’s stock on Jun 23. The stock was sold for $1,307,287 at an average price of $291.35. Upon completion of the transaction, the President, McDonald’s USA now directly owns 12,038 shares in the company, valued at $3.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06, EVP & CFO Borden Ian Frederick sold 5,796 shares of the business’s stock. A total of $1,680,029 was realized by selling the stock at an average price of $289.86. This leaves the insider owning 10,390 shares of the company worth $3.07 million. Insiders disposed of 93,230 shares of company stock worth roughly $27.52 million over the past 1 year. A total of 0.21% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MCD stock. A new stake in McDonald’s Corporation shares was purchased by WINSLOW CAPITAL MANAGEMENT, LLC during the first quarter worth $396,955,000. HOLOCENE ADVISORS, LP invested $202,447,000 in shares of MCD during the first quarter. In the first quarter, DAVIDSON KEMPNER CAPITAL MANAGEMENT LP acquired a new stake in McDonald’s Corporation valued at approximately $104,374,000. DAVIDSON KEMPNER PARTNERS acquired a new stake in MCD for approximately $104,374,000. SAMLYN CAPITAL, LLC purchased a new stake in MCD valued at around $82,451,000 in the second quarter. In total, there are 3,619 active investors with 70.20% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $297.79 for McDonald’s Corporation (NYSE: MCD). During the past 12 months, McDonald’s Corporation has had a low of $230.58 and a high of $299.10. According to the stock market information, the enterprise value for the company is $264.08B, which is based on a 31.68 price-to-earnings ratio, a 3.79 price-to-earnings-growth ratio, and a beta of 0.64. The fifty day moving average price for MCD is $291.69 and a two-hundred day moving average price translates $272.44 for the stock.
The latest earnings results from McDonald’s Corporation (NYSE: MCD) was released for Mar, 2023. According to the Restaurants Company, earnings per share came in at $2.63, beating analysts’ expectations of $2.33 by 0.3. This compares to $1.48 EPS in the same period last year. The net profit margin was 29.40% and return on equity was -111.30% for MCD. The company reported revenue of $5.9 billion for the quarter, compared to $5.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.1 percent. For the current quarter, analysts expect MCD to generate $6.24B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/20/2023. Investors who held shares on 06/05/2023 were paid a $1.52 dividend. On an annualized basis, this represents a $6.08 dividend and a 2.06% percent yield. There was an ex-dividend date of 06/02/2023 for this dividend. In terms of dividend payout ratio, MCD is presently at 61.90%.
McDonald’s Corporation(MCD) Company Profile
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. The company’s restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes. McDonald’s Corporation was founded in 1940 and is headquartered in Chicago, Illinois.
