McDonald’s Corp (NYSE:MCD) price closed lower on Tuesday, April 16, dropping -0.30% below its previous close.
A look at the daily price movement shows that the last close reads $266.23. The company’s 5Y monthly beta was ticking 0.71 while its P/E ratio in the trailing 12-month period read 22.95. Taking into account the 52-week price action we note that the stock hit a 52-week high of $302.39 and 52-week low of $245.73. The stock subtracted -4.91% on its value in the past month.
McDonald’s Corp, which has a market valuation of $191.38 billion, is expected to release its quarterly earnings report Apr 30, 2024. The company stock has a Forward Dividend ratio of 6.38, while the dividend yield is 2.40%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MCD a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.10. The overview shows that MCD’s price is at present -3.68% off the SMA20 and -6.79% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 27.00, with weekly volatility standing at 0.95%. The indicator jumps to 1.17% when calculated based on the past 30 days. McDonald’s Corp (NYSE:MCD)’s beta value is holding at 0.72, while the average true range (ATR) indicator is currently reading 3.51.
An analysis of the McDonald’s Corp (NYSE:MCD) stock in terms of its daily trading volume indicates that the 3-month average is 3.29 million.
Current records show that the company has 731.30M in outstanding shares. The insiders’ percentage holdings are 0.06% of outstanding shares while the percentage share held by institutions stands at 72.87%. But the -10.48% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
