McDonald’s Corp (NYSE: MCD) is -0.51% lower on its value in year-to-date trading and has touched a low of $243.53 and a high of $317.90 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 $296.79 in the last trading session, with the day’s loss setting it -1.79%.
Currently trading at $295.00, the stock is -3.41% and -1.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.89 million and changing -0.60% at the moment leaves the stock 5.61% off its SMA200. MCD registered 15.34% gain for a year compared to 6-month gain of 8.04%. The firm has a 50-day simple moving average (SMA 50) of $298.0912 and a 200-day simple moving average (SMA200) of $279.34195.
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The stock witnessed a -3.12% loss in the last 1 month and extending the period to 3 months gives it a 11.15%, and is -6.26% 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 2.41% over the week and 1.46% over the month.
McDonald’s Corp (MCD) has around 150000 employees, a market worth around $211.62B and $25.76B in sales. Current P/E ratio is 25.82 and Fwd P/E is 23.25. Profit margin for the company is 32.25%. Distance from 52-week low is 21.13% and -7.20% from its 52-week high. The company has generated returns on investments over the last 12 months (17.86%).
with sales reaching $6.59B over the same period.The EPS is expected to shrink by -1.11% this year, but quarterly earnings will post 9.60% year-over-year. Quarterly sales are estimated to grow 10.10% in year-over-year returns.
McDonald’s Corp (MCD) Top Institutional Holders
3853.0 institutions hold shares in McDonald’s Corp (MCD), with institutional investors hold 72.18% of the company’s shares. The shares outstanding are 731.30M, and float is at 717.02M with Short Float at 1.32%. Institutions hold 72.05% 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
The most recent transaction is an insider sale by Erlinger Joseph M., the company’s President, McDonald’s USA. SEC filings show that Erlinger Joseph M. sold 1,099 shares of the company’s common stock on Oct 23 ’24 at a price of $292.38 per share for a total of $0.32 million. Following the sale, the insider now owns 10385.0 shares.
Still, SEC filings show that on Oct 14 ’24, Flatley Edith Morgan (EVP – Global CMO) disposed off 2,346 shares at an average price of $310.00 for $0.73 million. The insider now directly holds 2,905 shares of McDonald’s Corp (MCD).
