The price of McDonald’s Corp (NYSE:MCD) shares last traded on Wall Street fell -5.12% to $298.57.
MCD stock price is now 0.66% away from the 50-day moving average and 6.91% away from the 200-day moving average. The market capitalization of the company currently stands at $214.18B.
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With the price target reduced from $320 to $290, Robert W. Baird Downgraded its rating from Outperform to Neutral for McDonald’s Corp (NYSE: MCD). On October 24, 2024, Guggenheim Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $290 to quote $285, while ‘Truist’ rates the stock as ‘Buy’
In other news, JOSEPH ERLINGER, Officer bought 1,099 shares of the company’s stock on Oct 23 ’24. The stock was bought for $345,844 at an average price of $314.69. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 14 ’24, EVP – Global CMO Flatley Edith Morgan sold 2,346 shares of the business’s stock. A total of $727,260 was realized by selling the stock at an average price of $310.00. This leaves the insider owning 2,905 shares of the company worth $0.87 million. A total of 0.04% of the company’s stock is owned by insiders.
During the past 12 months, McDonald’s Corp has had a low of $243.53 and a high of $317.90. According to the stock market information, the enterprise value for the company is $265442181120, which is based on a 26.13 price-to-earnings ratio, a 4.69 price-to-earnings-growth ratio, and a beta of 0.73. The fifty day moving average price for MCD is $296.6128 and a two-hundred day moving average price translates $279.27496 for the stock.
The latest earnings results from McDonald’s Corp (NYSE: MCD) was released for 2024-06-30. The company reported revenue of $6.49 billion for the quarter, compared to $6.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.12 percent.
