McDonald’s Corporation (MCD) Is Down -1.52% in 2021 With Lots of Room to Run

McDonald’s Corporation (NYSE: MCD) is -1.52% lower on its value in year-to-date trading and has touched a low of $124.23 and a high of $231.91 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MCD stock was last observed hovering at around $212.06 in the last trading session, with the day’s loss setting it -0.74% off its average median price target of $240.00 for the next 12 months. It is also 22.59% off the consensus price target high of $273.00 offered by 35 analysts, but current levels are -1.11% lower than the price target low of $209.00 for the same period.

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Currently trading at $211.32, the stock is -0.29% and -0.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.24 million and changing -0.35% at the moment leaves the stock 2.25% off its SMA200. MCD registered -1.03% loss for a year compared to 6-month gain of -0.12%. The firm has a 50-day simple moving average (SMA 50) of $211.97 and a 200-day simple moving average (SMA200) of $215.19.

The stock witnessed a -0.97% loss in the last 1 month and extending the period to 3 months gives it a -1.76%, and is -1.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 1.73% over the month.

McDonald’s Corporation (MCD) has around 205000 employees, a market worth around $159.82B and $19.21B in sales. Current P/E ratio is 33.52 and Fwd P/E is 22.97. Profit margin for the company is 24.80%. Distance from 52-week low is 70.10% and -8.88% from its 52-week high. The company has generated returns on investments over the last 12 months (27.40%).

McDonald’s Corporation (MCD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for McDonald’s Corporation (MCD) is a “Overweight”. 35 analysts offering their recommendations for the stock have an average rating of 1.90, where 9 rate it as a Hold and 2 think it is a “Overweight”. 24 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

McDonald’s Corporation is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $1.79 with sales reaching $5.02B over the same period.The EPS is expected to grow by 4.00% this year, but quarterly earnings will post 15.20% year-over-year. Quarterly sales are estimated to grow 6.50% in year-over-year returns.

McDonald’s Corporation (MCD) Top Institutional Holders

2,879 institutions hold shares in McDonald’s Corporation (MCD), with 428.07k shares held by insiders accounting for 0.06% while institutional investors hold 68.84% of the company’s shares. Institutions hold 68.80% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 64.94 million shares valued at $13.93 billion. The investor’s holdings represent 8.71% of the MCD Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 50.75 million shares valued at $10.89 billion to account for 6.81% of the shares outstanding. The other top investors are State Street Corporation which holds 36.06 million shares representing 4.84% and valued at over $7.74 billion, while Wellington Management Company, LLP holds 4.46% of the shares totaling 33.22 million with a market value of $7.13 billion.

McDonald’s Corporation (MCD) Insider Activity

A total of 9 insider transactions have happened at McDonald’s Corporation (MCD) in the last six months, with sales accounting for 4 and purchases happening 5 times. The most recent transaction is an insider sale by DeBiase Francesca A., the company’s EVP-Gl. Chief Sup. Chain Off.. SEC filings show that DeBiase Francesca A. sold 21,930 shares of the company’s common stock on Nov 16 at a price of $215.62 per share for a total of $4.73 million. Following the sale, the insider now owns 13968.0 shares.

McDonald’s Corporation disclosed in a document filed with the SEC on Nov 16 that Erlinger Joseph M. (President, McDonald’s USA) sold a total of 7,377 shares of the company’s common stock. The trade occurred on Nov 16 and was made at $215.59 per share for $1.59 million. Following the transaction, the insider now directly holds 8187.0 shares of the MCD stock.

Still, SEC filings show that on Nov 10, Borden Ian Frederick (President, International) disposed off 4,149 shares at an average price of $215.75 for $0.9 million. The insider now directly holds 13,721 shares of McDonald’s Corporation (MCD).

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McDonald’s Corporation (MCD): Who are the competitors?

The company’s main competitors (and peers) include Chipotle Mexican Grill Inc. (CMG) that is trading 60.03% up over the past 12 months. Short interest in the company’s stock has risen 3.66% from the last report on Dec 30, 2020 to stand at a total of 5.52 million short shares sold with a short interest ratio of 1.79.

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