McDonald’s Corporation [MCD] Revenue clocked in at $23.27 billion, up 1.98% YTD: What’s Next?

McDonald’s Corporation [NYSE: MCD] price surged by 1.13 percent to reach at $3.05. The company report on October 27, 2022 that McDONALD’S REPORTS THIRD QUARTER 2022 RESULTS.

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Global comparable sales increased nearly 10%, with growth across all segments.

U.S. comparable sales increased more than 6% for the quarter, marking the ninth consecutive quarter of comparable sales growth for the segment.

A sum of 3020260 shares traded at recent session while its average daily volume was at 3.14M shares. McDonald’s Corporation shares reached a high of $273.57 and dropped to a low of $270.62 until finishing in the latest session at $273.39.

The one-year MCD stock forecast points to a potential upside of 5.32. The average equity rating for MCD stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on McDonald’s Corporation [MCD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MCD shares is $288.74 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MCD stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for McDonald’s Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 28, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $275 to $295. The new note on the price target was released on October 28, 2022, representing the official price target for McDonald’s Corporation stock. Previously, the target price had yet another raise from $290 to $295, while KeyBanc Capital Markets kept a Overweight rating on MCD stock. On October 28, 2022, analysts increased their price target for MCD shares from 242 to 250.

The Average True Range (ATR) for McDonald’s Corporation is set at 3.87, with the Price to Sales ratio for MCD stock in the period of the last 12 months amounting to 8.61. Price to Free Cash Flow for MCD in the course of the last twelve months was 117.20 with Quick ratio for the last quarter at 1.60.

MCD Stock Performance Analysis:

McDonald’s Corporation [MCD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.00. With this latest performance, MCD shares dropped by -1.80% in over the last four-week period, additionally plugging by 12.90% over the last 6 months – not to mention a rise of 5.32% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MCD stock in for the last two-week period is set at 57.04, with the RSI for the last a single of trading hit 55.47, and the three-weeks RSI is set at 57.77 for McDonald’s Corporation [MCD]. The present Moving Average for the last 50 days of trading for this stock 261.09, while it was recorded at 272.10 for the last single week of trading, and 251.90 for the last 200 days.

Insight into McDonald’s Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and McDonald’s Corporation [MCD] shares currently have an operating margin of +42.09 and a Gross Margin at +53.87. McDonald’s Corporation’s Net Margin is presently recorded at +32.49.

McDonald’s Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

MCD Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MCD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for McDonald’s Corporation go to 6.67%.

McDonald’s Corporation [MCD] Insider Position Details

There are presently around $137,612 million, or 70.10% of MCD stock, in the hands of institutional investors. The top three institutional holders of MCD stocks are: VANGUARD GROUP INC with ownership of 67,570,353, which is approximately 0.497% of the company’s market cap and around 0.17% of the total institutional ownership; BLACKROCK INC., holding 49,901,559 shares of the stock with an approximate value of $13.64 billion in MCD stocks shares; and STATE STREET CORP, currently with $9.49 billion in MCD stock with ownership of nearly 1.065% of the company’s market capitalization.

Positions in McDonald’s Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,256 institutional holders increased their position in McDonald’s Corporation [NYSE:MCD] by around 15,951,823 shares. Additionally, 1,174 investors decreased positions by around 16,257,339 shares, while 407 investors held positions by with 471,144,747 shares. The mentioned changes placed institutional holdings at 503,353,909 shares, according to the latest SEC report filing. MCD stock had 117 new institutional investments in for a total of 1,489,594 shares, while 113 institutional investors sold positions of 1,716,796 shares during the same period.

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