In yesterday’s Wall Street session, McDonald’s Corp (NYSE:MCD) shares traded at $294.36, up 1.91% from the previous session.
MCD stock price is now 1.06% away from the 50-day moving average and 4.61% away from the 200-day moving average. The market capitalization of the company currently stands at $210.94B.
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With the price target enhanced from $311 to $334, Citigroup Upgraded its rating from Neutral to Buy for McDonald’s Corp (NYSE: MCD). On October 23, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $320 to quote $290, while ‘Guggenheim’ rates the stock as ‘Neutral’
In other news, Erlinger Joseph M., President, McDonald’s USA sold 300 shares of the company’s stock on Jan 23 ’25. The stock was sold for $84,225 at an average price of $280.75. Upon completion of the transaction, the President, McDonald’s USA now directly owns 7,887 shares in the company, valued at $2.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 23 ’25, Officer JOSEPH ERLINGER bought 300 shares of the business’s stock. A total of $84,405 was incurred on buying the stock at an average price of $281.35. A total of 0.03% of the company’s stock is owned by insiders.
During the past 12 months, McDonald’s Corp has had a low of $243.53 and a high of $317.90. According to the stock market information, the enterprise value for the company is $259206266880, which is based on a 25.84 price-to-earnings ratio, a 6.43 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for MCD is $291.1422 and a two-hundred day moving average price translates $281.27634 for the stock.
The latest earnings results from McDonald’s Corp (NYSE: MCD) was released for 2024-09-30. The company reported revenue of $6.87 billion for the quarter, compared to $6.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.7 percent. For the current quarter, analysts expect MCD to generate $6.48B in revenue.
