McDonald’s Corp (MCD) Volatility Spurs A Quest For Clarity

Currently, there are 731.30M common shares owned by the public and among those 715.83M shares have been available to trade.

The company’s stock has a 5-day price change of 6.71% and 5.57% over the past three months. MCD shares are trading -3.02% year to date (YTD), with the 12-month market performance up to 2.02% higher. It has a 12-month low price of $243.53 and touched a high of $302.39 over the same period. MCD has an average intraday trading volume of 3.95 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.09%, 11.01%, and 4.32% respectively.

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Institutional ownership of McDonald’s Corp (NYSE: MCD) shares accounts for 72.66% of the company’s 731.30M shares outstanding.

It has a market capitalization of $206.27B and a beta (3y monthly) value of 0.72. The stock’s trailing 12-month PE ratio is 25.16, while the earnings-per-share (ttm) stands at $11.43. The company has a PEG of 5.66 and a Quick Ratio of 1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.66% over the week and 2.24% over the month.

Earnings per share for the fiscal year are expected to decrease by -1.32%, and 8.18% over the next financial year. EPS should shrink at an annualized rate of 4.45% over the next five years, compared to 8.93% over the past 5-year period.

Looking at the support for the MCD, a number of firms have released research notes about the stock. TD Cowen stated their Hold rating for the stock in a research note on July 31, 2024, with the firm’s price target at $285-$280. JP Morgan coverage for the McDonald’s Corp (MCD) stock in a research note released on July 10, 2024 offered a Overweight rating with a price target of $290. Guggenheim was of a view on July 02, 2024 that the stock is Buy, while Goldman gave the stock Neutral rating on June 13, 2024, issuing a price target of $288. BofA Securities on their part issued Neutral rating on May 28, 2024.

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