As of Friday close, McDonald’s Corporation’s (NYSE:MCD) stock was up $1.0, moving up 0.37 percent to $272.22. The average number of shares traded per day over the past five days has been 2,264,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$6.01 fall in that time frame. In the last twenty days, the average volume was 2,599,890, while in the previous 50 days, it was 2,417,492.
Since last month, MCD stock retreated -3.42%. Shares of the company fell to $270.83 on 09/22/23, 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 3.30% or $8.69, and marked a new high 29 times. However, the stock has declined by -9.06% since its 52-week high.
MCD stock investors should be aware that McDonald’s Corporation (MCD) stock had its last reported insider trading activity 1 day ago on Sep 22. Erlinger Joseph M., the President, McDonald’s USA of the company, disposed of 4,487 shares for $271.26 on Sep 22. It resulted in a $1,217,144 divestment by the insider. Kempczinski Christopher J sold 5,606 shares at an average price of $280.00 on Sep 18. The insider now owns 29,031 shares following the transaction. On Sep 01, EVP – Chief People Officer CAPOZZI HEIDI B sold 688 shares at $282.54 apiece. The transaction was valued at $194,388.
Valuation Metrics
The latest dividend of $1.52 per share was paid out, remained unchanged from last year’s $1.52. On Thursday October 13 2022, a $0.14 dividend increase was announced.
Financial Health
In the three months ended June 29, McDonald’s Corporation’s quick ratio stood at 1.30, while its current ratio was 1.30, 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 45.40%. 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 -137.00%.
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 17.50%, the RSI 9-day stood at 30.58% on 22 September.
With respect to its five-day moving average, the current McDonald’s Corporation price is down by -2.16% percent or -$6.01. At present, MCD shares trade -3.59% below its 20-day simple moving average and -8.52% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.79% below its SMA50 and +0.23% above its SMA200.
Stochastic coefficient K was 10.51% and Stochastic coefficient D was 17.36%, while ATR was 3.56. Given the Stochastic reading of 9.41% for the 14-day period, the RSI (14) reading has been calculated as 33.30%. As of today, the MACD Oscillator reading stands at -4.45, while the 14-day reading stands at -4.59.
Analyst Ratings
Wells Fargo upgraded its rating on McDonald’s Corporation (NYSE: MCD) to an Overweight in a note to investors on September 07, 2023. The analysts firm previously had an Equal weight rating on the stock.McDonald’s Corporation (MCD) has been rated Overweight by analysts. According to 0 brokerage firms, MCD is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate McDonald’s Corporation stock as buy, with 22 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 $329.90.
