In yesterday’s Wall Street session, McDonald’s Corp (NYSE:MCD) shares traded at $283.53, down -0.32% from the previous session.
MCD stock price is now -2.83% away from the 50-day moving average and 0.04% away from the 200-day moving average. The market capitalization of the company currently stands at $204.72B.
On January 29, 2024, BofA Securities reiterated its ‘Neutral’ rating on the stock by increasing its target price from $291 to quote $341, while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Flatley Edith Morgan, EVP – Global CMO sold 4,346 shares of the company’s stock on Feb 23 ’24. The stock was sold for $1,283,461 at an average price of $295.32. Upon completion of the transaction, the EVP – Global CMO now directly owns 2,905 shares in the company, valued at $0.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23 ’24, EVP – Chief Impact Officer Banner Jonathan sold 1,750 shares of the business’s stock. A total of $521,867 was realized by selling the stock at an average price of $298.21. This leaves the insider owning 819 shares of the company worth $0.23 million. A total of 0.05% 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 $302.39. According to the stock market information, the enterprise value for the company is $253.24B, which is based on a 24.51 price-to-earnings ratio, a 3.31 price-to-earnings-growth ratio, and a beta of 0.71. The fifty day moving average price for MCD is $291.63 and a two-hundred day moving average price translates $283.39 for the stock.
The latest earnings results from McDonald’s Corp (NYSE: MCD) was released for Dec, 2023. According to the Restaurants Company, earnings per share came in at $2.72, beating analysts’ expectations of $2.6 by 0.12. This compares to $2.58 EPS in the same period last year. The company reported revenue of $6.41 billion for the quarter, compared to $5.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.09 percent. For the current quarter, analysts expect MCD to generate $5.68B in revenue.
