In the latest session, McDonald’s Corp (NYSE: MCD) closed at $269.44 up 0.70% from its previous closing price of $267.56. In other words, the price has increased by $+1.88 from its previous closing price. On the day, 3872225 shares were traded.
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 42.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.82. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.16.
BofA Securities reiterated its Neutral rating for the stock on January 29, 2024, while the target price for the stock was revised 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 Mar 22 ’24 when Erlinger Joseph M. sold 1,099 shares for $284.38 per share. The transaction valued at 312,534 led to the insider holds 18,075 shares of the business.
Flatley Edith Morgan sold 4,346 shares of MCD for $1,283,461 on Feb 23 ’24. The EVP – Global CMO now owns 2,905 shares after completing the transaction at $295.32 per share. On Feb 23 ’24, another insider, Banner Jonathan, who serves as the EVP – Chief Impact Officer of the company, sold 1,750 shares for $298.21 each. As a result, the insider received 521,867 and left with 819 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 194.27B and an Enterprise Value of 242.78B. As of this moment, McDonald’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.30, and their Forward P/E ratio for the next fiscal year is 19.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.63. Its current Enterprise Value per Revenue stands at 9.52 whereas that against EBITDA is 17.52.
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 286.91, while the 200-Day Moving Average is calculated to be 282.59.
Shares Statistics:
For the past three months, MCD has traded an average of 3.20M shares per day and 3.53M 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 72.80% stake in the company. Shares short for MCD as of Mar 28, 2024 were 8.08M with a Short Ratio of 2.72, compared to 7.59M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.12% and a Short% of Float of 1.12%.
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 2.33%, it implies a Forward Annual Dividend Yield of 2.48%. 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 $2.72 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 $12.8 and $12.06 for the fiscal current year, implying an average EPS of $12.43. EPS for the following year is $13.55, with 34 analysts recommending between $14.2 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 $6.04B. As of the current estimate, McDonald’s Corp’s year-ago sales were $5.9B, an estimated increase of 4.50% 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 $4.50% 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 $26.88B. In the same quarter a year ago, actual revenue was $25.49B, up 5.40% from the average estimate. Based on 30 analysts’ estimates, the company’s revenue will be $28.5B 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.
