McDonald’s Corporation [NYSE: MCD] closed the trading session at $291.51 on 04/25/23. The day’s price range saw the stock hit a low of $289.43, while the highest price level was $295.00. The company report on April 25, 2023 at 7:00 AM that McDONALD’S REPORTS FIRST QUARTER 2023 RESULTS.
Comparable sales increased nearly 13% for the quarter, both globally and across each segment.
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Digital Systemwide sales* in our top six markets were nearly $7.5 billion for the quarter, representing almost 40% of their Systemwide sales.
The stocks have a year to date performance of 10.62 percent and weekly performance of 0.21 percent. The stock has been moved at 14.52 percent over the last six months. The stock has performed 7.44 percent around the most recent 30 days and changed 8.14 percent over the most recent 3-months.
If compared to the average trading volume of 2.70M shares, MCD reached to a volume of 5781195 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $304.30 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.
Wells Fargo have made an estimate for McDonald’s Corporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on April 21, 2023. While these analysts kept the previous recommendation, Stifel raised their target price from $270 to $290. The new note on the price target was released on April 21, 2023, representing the official price target for McDonald’s Corporation stock. Previously, the target price had yet another raise from $288 to $312, while Robert W. Baird kept a Outperform rating on MCD stock.
The Average True Range (ATR) for McDonald’s Corporation is set at 3.02, with the Price to Sales ratio for MCD stock in the period of the last 12 months amounting to 9.15. Price to Free Cash Flow for MCD in the course of the last twelve months was 160.72 with Quick ratio for the last quarter at 1.40.
MCD stock trade performance evaluation
McDonald’s Corporation [MCD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.21. With this latest performance, MCD shares gained by 7.44% in over the last four-week period, additionally plugging by 14.52% over the last 6 months – not to mention a rise of 16.52% 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 74.31, with the RSI for the last a single of trading hit 75.24, and the three-weeks RSI is set at 70.53 for McDonald’s Corporation [MCD]. The present Moving Average for the last 50 days of trading for this stock 274.50, while it was recorded at 291.81 for the last single week of trading, and 264.63 for the last 200 days.
McDonald’s Corporation [MCD]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and McDonald’s Corporation [MCD] shares currently have an operating margin of +44.66 and a Gross Margin at +56.43. McDonald’s Corporation’s Net Margin is presently recorded at +26.65.
Return on Total Capital for MCD is now 23.68, given the latest momentum, and Return on Invested Capital for the company is 14.35. Additionally, MCD Total Debt to Total Capital is recorded at 114.06, with Total Debt to Total Assets ending up at 96.56.
Reflecting on the efficiency of the workforce at the company, McDonald’s Corporation [MCD] managed to generate an average of $41,183 per employee. Receivables Turnover for the company is 11.63 with a Total Asset Turnover recorded at a value of 0.44.McDonald’s Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.
Earnings per share (EPS) analysis for McDonald’s Corporation [MCD] stock
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 7.75%.
McDonald’s Corporation [MCD]: Insider Ownership positions
There are presently around $148,042 million, or 70.20% of MCD stock, in the hands of institutional investors. The top three institutional holders of MCD stocks are: VANGUARD GROUP INC with ownership of 68,178,100, which is approximately 0.899% of the company’s market cap and around 0.21% of the total institutional ownership; BLACKROCK INC., holding 51,569,204 shares of the stock with an approximate value of $15.12 billion in MCD stocks shares; and STATE STREET CORP, currently with $9.98 billion in MCD stock with ownership of nearly -1.931% of the company’s market capitalization.
Positions in McDonald’s Corporation stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 1,416 institutional holders increased their position in McDonald’s Corporation [NYSE:MCD] by around 25,687,481 shares. Additionally, 1,224 investors decreased positions by around 19,978,473 shares, while 369 investors held positions by with 459,253,302 shares. The mentioned changes placed institutional holdings at 504,919,256 shares, according to the latest SEC report filing. MCD stock had 252 new institutional investments in for a total of 2,611,668 shares, while 83 institutional investors sold positions of 2,213,813 shares during the same period.