Stocks of McDonald’s Corp (NYSE:MCD) traded higher last session on Wall Street, down -1.26% to $266.69.
MCD stock price is now -7.60% away from the 50-day moving average and -5.75% away from the 200-day moving average. The market capitalization of the company currently stands at $192.56B.
, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Erlinger Joseph M., President, McDonald’s USA sold 1,099 shares of the company’s stock on Mar 22 ’24. The stock was sold for $312,534 at an average price of $284.38. Upon completion of the transaction, the President, McDonald’s USA now directly owns 18,075 shares in the company, valued at $4.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23 ’24, EVP – Global CMO Flatley Edith Morgan sold 4,346 shares of the business’s stock. A total of $1,283,461 was realized by selling the stock at an average price of $295.32. This leaves the insider owning 2,905 shares of the company worth $0.77 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 $241.08B, which is based on a 23.06 price-to-earnings ratio, a 3.11 price-to-earnings-growth ratio, and a beta of 0.71. The fifty day moving average price for MCD is $287.96 and a two-hundred day moving average price translates $282.84 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 $2.95, beating analysts’ expectations of $2.82 by 0.13. 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 $6.17B in revenue.
