In yesterday’s Wall Street session, McDonald’s Corporation (NYSE:MCD) shares traded at $281.15, down -1.09% from the previous session.
As of this writing, 35 analysts cover McDonald’s Corporation (NYSE:MCD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $383.00 and a low of $300.00, we find $330.00. Given the previous closing price of $284.24, this indicates a potential upside of 16.1 percent. MCD stock price is now -3.22% away from the 50-day moving average and 0.38% away from the 200-day moving average. The market capitalization of the company currently stands at $203.29B.
There are 10 analysts who have given it a hold rating, whereas 21 have given it a buy rating. Brokers who have rated the stock have averaged $330.06 as their price target over the next twelve months.
With the price target enhanced from $320 to $330, KeyBanc Capital Markets maintained Overweight rating for McDonald’s Corporation (NYSE: MCD).
In other news, Flatley Edith Morgan, EVP – Global CMO sold 1,000 shares of the company’s stock on Aug 25. The stock was sold for $285,000 at an average price of $285.00. Upon completion of the transaction, the EVP – Global CMO now directly owns 929 shares in the company, valued at $0.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23, President, McDonald’s USA Erlinger Joseph M. sold 4,487 shares of the business’s stock. A total of $1,265,424 was realized by selling the stock at an average price of $282.02. This leaves the insider owning 10,786 shares of the company worth $3.03 million. Insiders disposed of 85,013 shares of company stock worth roughly $23.9 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 UNISUPER MANAGEMENT PTY LTD during the first quarter worth $157,306,000. STONEHAGE FLEMING FINANCIAL SERVICES HOLDINGS LTD invested $111,682,000 in shares of MCD during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in McDonald’s Corporation valued at approximately $80,192,000. PORTSIDE WEALTH GROUP, LLC acquired a new stake in MCD for approximately $70,592,000. CLEAR STREET LLC purchased a new stake in MCD valued at around $60,644,000 in the second quarter. In total, there are 3,677 active investors with 70.20% ownership of the company’s stock.
During the past 12 months, McDonald’s Corporation has had a low of $230.58 and a high of $299.35. According to the stock market information, the enterprise value for the company is $253.99B, which is based on a 25.88 price-to-earnings ratio, a 2.81 price-to-earnings-growth ratio, and a beta of 0.64. The fifty day moving average price for MCD is $290.49 and a two-hundred day moving average price translates $280.08 for the stock.
The latest earnings results from McDonald’s Corporation (NYSE: MCD) was released for Jun, 2023. According to the Restaurants Company, earnings per share came in at $3.17, beating analysts’ expectations of $2.79 by 0.38. This compares to $1.60 EPS in the same period last year. The net profit margin was 33.10% and return on equity was -137.00% for MCD. The company reported revenue of $6.5 billion for the quarter, compared to $5.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.62 percent. For the current quarter, analysts expect MCD to generate $6.56B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/18/2023. Investors who held shares on 09/01/2023 were paid a $1.52 dividend. On an annualized basis, this represents a $6.08 dividend and a 2.16% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, MCD is presently at 54.30%.
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.
