An overview of McDonald’s Corp’s (MCD) institutional holdings

The price of McDonald’s Corp (NYSE:MCD) shares last traded on Wall Street rose 1.86% to $266.85.

Based on available information, 36 analysts follow McDonald’s Corp (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 $270.00, we find $307.90. Given the previous closing price of $261.97, this indicates a potential upside of 17.53 percent. MCD stock price is now 0.01% away from the 50-day moving average and -4.31% away from the 200-day moving average. The market capitalization of the company currently stands at $194.47B.

Among analysts, 9 rate the stock a hold while 23 rate it a buy. Brokers who have rated the stock have averaged $306.61 as their price target over the next twelve months.

With the price target maintained at $300, DZ Bank recently Upgraded its rating from Hold to Buy for McDonald’s Corp (NYSE: MCD).

In other news, Erlinger Joseph M., President, McDonald’s USA sold 4,487 shares of the company’s stock on Oct 23. The stock was sold for $1,151,409 at an average price of $256.61. Upon completion of the transaction, the President, McDonald’s USA now directly owns 9,534 shares in the company, valued at $2.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02, EVP – Chief People Officer CAPOZZI HEIDI B sold 688 shares of the business’s stock. A total of $180,256 was realized by selling the stock at an average price of $262.00. This leaves the insider owning 19,331 shares of the company worth $5.16 million. Insiders disposed of 99,189 shares of company stock worth roughly $26.47 million over the past 1 year. A total of 0.17% of the company’s stock is owned by insiders.

During the past 12 months, McDonald’s Corp has had a low of $245.73 and a high of $299.35. According to the stock market information, the enterprise value for the company is $241.32B, which is based on a 23.51 price-to-earnings ratio, a 2.45 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for MCD is $266.53 and a two-hundred day moving average price translates $278.86 for the stock.

The latest earnings results from McDonald’s Corp (NYSE: MCD) was released for Sep, 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 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 $6.19B in revenue.

McDonald’s Corp(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.

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