McDonald’s Corp (NYSE: MCD) is -2.88% lower on its value in year-to-date trading and has touched a low of $243.53 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 $288.03 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $287.97, the stock is 2.30% and 7.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing -0.02% at the moment leaves the stock 4.00% off its SMA200. MCD registered 3.16% gain for a year compared to 6-month loss of -1.69%.
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The stock witnessed a 6.63% gain in the last 1 month and extending the period to 3 months gives it a 10.76%, and is 0.32% up 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 1.24% over the week and 1.49% over the month.
McDonald’s Corp (MCD) has around 150000 employees, a market worth around $206.57B and $25.76B in sales. Current P/E ratio is 25.20 and Fwd P/E is 22.60. Profit margin for the company is 32.25%. Distance from 52-week low is 18.25% and -4.77% from its 52-week high. The company has generated returns on investments over the last 12 months (17.86%).
The EPS is expected to shrink by -1.32% this year
3860.0 institutions hold shares in McDonald’s Corp (MCD), with institutional investors hold 72.36% of the company’s shares. The shares outstanding are 731.30M, and float is at 716.84M with Short Float at 1.37%. Institutions hold 72.23% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 69.51 million shares valued at $17.71 billion. The investor’s holdings represent 9.6295 of the MCD Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 50.18 million shares valued at $12.79 billion to account for 6.9519 of the shares outstanding. The other top investors are STATE STREET CORP which holds 34.61 million shares representing 4.7955 and valued at over $8.82 billion, while JPMORGAN CHASE & CO holds 2.5478 of the shares totaling 18.39 million with a market value of $4.69 billion.
McDonald’s Corp (MCD) Insider Activity
McDonald’s Corp disclosed in a document filed with the SEC on Sep 03 ’24 that Gross Marion K. (EVP-Chief Supply Chain Officer) sold a total of 1,498 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $286.36 per share for $0.43 million. Following the transaction, the insider now directly holds 1560.0 shares of the MCD stock.
Still, SEC filings show that on Aug 23 ’24, Erlinger Joseph M. (President, McDonald’s USA) disposed off 1,098 shares at an average price of $288.70 for $0.32 million. The insider now directly holds 12,583 shares of McDonald’s Corp (MCD).
