In the latest session, McDonald’s Corp (NYSE: MCD) closed at $282.86 down -3.89% from its previous closing price of $294.31. In other words, the price has decreased by -$11.45 from its previous closing price. On the day, 5358992 shares were traded. MCD stock price reached its highest trading level at $293.47 during the session, while it also had its lowest trading level at $282.60.
Ratios:
For a deeper understanding of McDonald’s Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 44.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.16.
On January 29, 2024, BofA Securities reiterated its Neutral rating and also lowered its target price recommendation from $291 to $341.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 23 ’24 when Flatley Edith Morgan sold 4,346 shares for $295.32 per share. The transaction valued at 1,283,461 led to the insider holds 2,905 shares of the business.
Banner Jonathan sold 1,750 shares of MCD for $521,867 on Feb 23 ’24. The EVP – Chief Impact Officer now owns 819 shares after completing the transaction at $298.21 per share. On Feb 23 ’24, another insider, Erlinger Joseph M., who serves as the President, McDonald’s USA of the company, sold 1,098 shares for $296.00 each. As a result, the insider received 325,008 and left with 19,174 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MCD now has a Market Capitalization of 204.24B and an Enterprise Value of 252.75B. As of this moment, McDonald’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.46, and their Forward P/E ratio for the next fiscal year is 20.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.01. Its current Enterprise Value per Revenue stands at 9.91 whereas that against EBITDA is 18.23.
Stock Price History:
Over the past 52 weeks, MCD has reached a high of $302.39, while it has fallen to a 52-week low of $245.73. The 50-Day Moving Average of the stock is 292.93, while the 200-Day Moving Average is calculated to be 283.55.
Shares Statistics:
For the past three months, MCD has traded an average of 3.02M shares per day and 3.01M over the past ten days. A total of 731.30M shares are outstanding, with a floating share count of 721.67M. Insiders hold about 0.05% of the company’s shares, while institutions hold 72.85% stake in the company. Shares short for MCD as of Feb 29, 2024 were 7.59M with a Short Ratio of 2.52, compared to 7.98M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.05% and a Short% of Float of 1.05%.
Dividends & Splits
According to the company, the forward annual dividend rate for MCD is 6.38, from 6.23 in the trailing year. Against a Trailing Annual Dividend Yield of 2.12%, it implies a Forward Annual Dividend Yield of 2.36%. The stock’s 5-year Average Dividend Yield is 2.23. The current Payout Ratio is 53.87% for MCD, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 29, 2024. Stock splits for the company last occurred on Mar 08, 1999 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 27 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.73 for the current quarter, with a high estimate of $2.84 and a low estimate of $2.62, while EPS last year was $2.63. The consensus estimate for the next quarter is $3.19, with high estimates of $3.28 and low estimates of $3.01.
Analysts are recommending an EPS of between $12.88 and $12.06 for the fiscal current year, implying an average EPS of $12.44. EPS for the following year is $13.57, with 34 analysts recommending between $14.27 and $13.11.
Revenue Estimates
A total of 22 analysts believe the company’s revenue will be $6.17B this quarter.It ranges from a high estimate of $6.31B to a low estimate of $6.05B. As of the current estimate, McDonald’s Corp’s year-ago sales were $5.9B, an estimated increase of 4.60% from the year-ago figure. For the next quarter, 22 analysts are estimating revenue of $6.76B, an increase of 7.80% over than the figure of $4.60% in the same quarter last year. There is a high estimate of $6.93B for the next quarter, whereas the lowest estimate is $5.98B.
A total of 31 analysts have provided revenue estimates for MCD’s current fiscal year. The highest revenue estimate was $27.41B, while the lowest revenue estimate was $25.88B, resulting in an average revenue estimate of $26.89B. In the same quarter a year ago, actual revenue was $25.49B, up 5.50% from the average estimate. Based on 30 analysts’ estimates, the company’s revenue will be $28.51B in the next fiscal year. The high estimate is $29.33B and the low estimate is $27.26B. The average revenue growth estimate for next year is up 6.00% from the average revenue estimate for this year.
