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Is McDonald’s Corp (MCD) a good stock to buy now?

McDonald’s Corp (NYSE: MCD) is -6.33% lower on its value in year-to-date trading and has touched a low of $245.73 and a high of $302.39 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 $280.22 in the last trading session, with the day’s loss setting it -2.48%.

Currently trading at $277.74, the stock is -2.66% and -4.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing -0.89% at the moment leaves the stock -1.94% off its SMA200. MCD registered -0.02% loss for a year compared to 6-month gain of 5.43%. The firm has a 50-day simple moving average (SMA 50) of $9.77 and a 200-day simple moving average (SMA200) of $17.97.

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The stock witnessed a -4.47% loss in the last 1 month and extending the period to 3 months gives it a -6.33%, and is -0.32% 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 1.05% over the week and 1.36% over the month.

McDonald’s Corp (MCD) has around 150000 employees, a market worth around $200.54B and $25.49B in sales. Current P/E ratio is 24.01 and Fwd P/E is 20.51. Profit margin for the company is 33.22%. Distance from 52-week low is 13.03% and -8.15% from its 52-week high. The company has generated returns on investments over the last 12 months (18.61%).

McDonald’s Corp quarterly earnings per share for the current quarter are estimated at $2.72 with sales reaching $6.17B over the same period.The EPS is expected to grow by 4.06% this year, but quarterly earnings will post 5.50% year-over-year. Quarterly sales are estimated to grow 4.60% in year-over-year returns.

McDonald’s Corp (MCD) Top Institutional Holders

3,875 institutions hold shares in McDonald’s Corp (MCD), with institutional investors hold 72.55% of the company’s shares. The shares outstanding are 731.30M, and float is at 721.67M with Short Float at 1.21%. Institutions hold 72.39% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 68.19 million shares valued at $20.35 billion. The investor’s holdings represent 9.36% of the MCD Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 51.15 million shares valued at $15.26 billion to account for 7.02% of the shares outstanding. The other top investors are State Street Corporation which holds 34.08 million shares representing 4.68% and valued at over $10.17 billion, while JP Morgan Chase & Company holds 2.06% of the shares totaling 14.98 million with a market value of $4.47 billion.

McDonald’s Corp (MCD) Insider Activity

The most recent transaction is an insider sale by Erlinger Joseph M.,the company’sPresident, McDonald’s USA. SEC filings show that Erlinger Joseph M. sold 1,099 shares of the company’s common stock on Mar 22 ’24 at a price of $284.38 per share for a total of $0.31 million. Following the sale, the insider now owns 18075.0 shares.

McDonald’s Corp disclosed in a document filed with the SEC on Feb 23 ’24 that Flatley Edith Morgan (EVP – Global CMO) sold a total of 4,346 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $295.32 per share for $1.28 million. Following the transaction, the insider now directly holds 2905.0 shares of the MCD stock.

Still, SEC filings show that on Feb 23 ’24, Banner Jonathan (EVP – Chief Impact Officer) disposed off 1,750 shares at an average price of $298.21 for $0.52 million. The insider now directly holds 819 shares of McDonald’s Corp (MCD).

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