As of Friday close, McDonald’s Corporation’s (NYSE:MCD) stock was down -$4.0, moving down -1.37 percent to $287.02. The average number of shares traded per day over the past five days has been 2,406,780 shares. 1 time new highs have been achieved over the past 5 days, with a -$7.01 fall in that time frame. In the last twenty days, the average volume was 2,322,765, while in the previous 50 days, it was 2,445,428.
Since last month, MCD stock retreated -2.68%. Shares of the company fell to $286.76 on 08/04/23, the lowest level in the past month. A 52-week high of $299.35 was reached on 07/21/23 after having rallying from a 52-week low of $230.58. Since the beginning of this year, MCD’s stock price has risen by 8.91% or $23.49, and marked a new high 29 times. However, the stock has declined by -4.12% since its 52-week high.
MCD stock investors should be aware that McDonald’s Corporation (MCD) stock had its last reported insider trading activity 15 days ago on Jul 21. Erlinger Joseph M., the President, McDonald’s USA of the company, disposed of 4,487 shares for $297.87 on Jul 21. It resulted in a $1,336,543 divestment by the insider. Erlinger Joseph M. sold 4,487 shares at an average price of $291.35 on Jun 23. The insider now owns 12,038 shares following the transaction. On Jun 06, EVP & CFO Borden Ian Frederick sold 5,796 shares at $289.86 apiece. The transaction was valued at $1,680,029.
Valuation Metrics
The latest dividend of $1.52 per share was paid out, remained unchanged from last year’s $1.52.
Financial Health
In the three months ended June 29, McDonald’s Corporation’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 57.50% percent. In the year ended June 29, EBITDA margin amounted to 52.73%, whereas operating margins totaled 36.50%. Based on annual data, MCD earned $13.21 billion in gross profit and brought in $23.18 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.00%. Return on equity (ROE) for the past 12 months was -100.00%.
In McDonald’s Corporation’s quarter-end financial report for June 29, it reported total debt of $35.71 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MCD’s revenue rose 11.99% to $5.9 billion during the quarter, while net income inched up to $6.5 billion. While analysts expected McDonald’s Corporation to report $2.79 quarterly earnings, the actual figure was $3.17 per share, beating the consensus estimate by 13.60%. During the quarter, the company generated $3.6 billion in EBITDA. The liabilities of McDonald’s Corporation were 55.44 billion at the end of its most recent quarter ended June 29, and its total debt was $48.56 billion. The value of shareholders’ equity is $728.76 million.
Technical Picture
This quick technical analysis looks at McDonald’s Corporation’s (MCD) price momentum. With a historical volatility rate of 11.07%, the RSI 9-day stood at 31.63% on 04 August.
With respect to its five-day moving average, the current McDonald’s Corporation price is down by -2.38% percent or -$7.01. At present, MCD shares trade -1.74% below its 20-day simple moving average and +9.10% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.23% above its SMA50 and +16.45% above its SMA200.
Stochastic coefficient K was 8.88% and Stochastic coefficient D was 13.67%, while ATR was 3.91. Given the Stochastic reading of 2.06% for the 14-day period, the RSI (14) reading has been calculated as 37.66%. As of today, the MACD Oscillator reading stands at -2.48, while the 14-day reading stands at -3.73.
Analyst Ratings
KeyBanc Capital Markets reiterated its an Overweight rating on McDonald’s Corporation (NYSE: MCD) in a note to investors. The analysts firm has however raised their price target to $330, representing a possible 10.31% increase in the stock price. McDonald’s Corporation (MCD) has been rated Overweight by analysts. According to 0 brokerage firms, MCD is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate McDonald’s Corporation stock as buy, with 20 recommending it as overweight.
With a median target price of $330.00, the current consensus forecast for the stock is $300.00 – $383.00. Based on these forecasts, analysts predict McDonald’s Corporation (MCD) will achieve an average price target of $330.80.
