McDonald’s Corp (NYSE:MCD) shares, rose in value on Friday, April 05, with the stock price down by -0.76% to the previous day’s close as strong demand from buyers drove the stock to $268.04.
Actively observing the price movement in the recent trading, the stock is buoying the session at $270.09. The value of beta (5-year monthly) is 0.71 whereas the PE ratio is 23.18 over 12-month period. Referring to stock’s 52-week performance, its high was $302.39, and the low was $245.73. On the whole, MCD has fluctuated by -8.50% over the past month.
With the market capitalization of McDonald’s Corp currently standing at about $193.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024. The company’s Forward Dividend Ratio is 6.38, with its dividend yield at 2.38%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.51, which is expected to increase to $3.03 for fiscal year $11.47 and then to about $12.51 by fiscal year 2025. Data indicates that the EPS growth is expected to be 4.10% in 2025, while the next year’s EPS growth is forecast to be 9.10%.
Analysts have estimated the company’s revenue for the quarter at $5.69 billion, with a low estimate of $5.59 billion and a high estimate of $5.82 billion. According to the average forecast, sales growth in current quarter could jump down -3.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $24.81 billion, representing an increase of 5.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MCD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.13, with the price of MCD currently trading nearly -5.18% and -7.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.07, while the 7-day volatility ratio is showing 1.25% which for the 30-day chart, stands at 1.40%. Furthermore, McDonald’s Corp (MCD)’s beta value is 0.71, and its average true range (ATR) is 3.91.
A comparison of McDonald’s Corp (MCD) with its peers suggests the former has fared considerably weaker in the market. MCD showed an intraday change of -0.76% in today’s session so far, and over the past year, it shrunk by -5.04%%.
Data on historical trading for McDonald’s Corp (NYSE:MCD) indicates that the trading volumes over the past 10 days have averaged 3.0 million and over the past 3 months, they’ve averaged 3.14 million. According to company’s latest data on outstanding shares, there are 731.30 million shares outstanding.
Nearly 0.05% of McDonald’s Corp’s shares belong to company insiders and institutional investors own 72.86% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.71 million shares as on Mar 15, 2024, resulting in a short ratio of 2.92. According to the data, the short interest in McDonald’s Corp (MCD) stood at 1.21% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.49 million. The stock has fallen by -9.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MCD stock heading into the next quarter.
