Monthly Stock Report: McDonald’s Corporation (MCD)
Publication Date: September 22, 2024
Company Overview
McDonald’s Corporation (Ticker: MCD) is a leading global fast-food chain based in Chicago, Illinois, with a rich history dating back to 1940. As a major player in the Consumer Cyclical sector within the Restaurants industry, McDonald’s operates and franchises a diverse menu that includes hamburgers, chicken sandwiches, fries, and breakfast items, catering to customers both in the United States and internationally. Trading publicly since June 30, 1970, McDonald’s demonstrates an enduring influence in the fast-food market.
Financial Performance and Market Outlook
As of now, McDonald’s has reported an estimated total revenue of approximately $25.76 billion, showcasing robust financial health and growth potential. Current stock pricing is at $296.83, with analysts presenting a bullish outlook that includes a target high price of $360.00 and a target mean price of $300.69. This suggests an upside potential of about 21% from its present market level, making it an attractive option for investors observing a revitalizing economy. Additionally, short interest stands at 1.4% of the float, indicating a relatively low bearish sentiment among investors.
The consensus recommendation among 32 analysts strongly favors a “buy,” with a mean recommendation score of 2.1, reflecting an overall belief that McDonald’s is undervalued and due for price appreciation. With prices fluctuating between a yearly high of $302.39 and a low of $243.53, current performance showcases resilience, notably trading significantly above its fifty-day moving average of $276.60, indicating strong investor confidence.
Price Projections and Investment Analysis
McDonald’s stock is currently positioned in a favorable trading range, largely reflecting positive investor sentiment and market dynamics. The stock is projected to face resistance around the $302.39 mark while being supported by a solid upward trend that positions it above both the fifty-day moving average and historical lows. As investors look to the future, the promising trajectory highlighted by analysts suggests considerable potential for upward movement in McDonald’s stock, bolstered by favorable economic conditions and strong financial fundamentals.
Investors should monitor these indicators closely as they navigate potential investment opportunities in McDonald’s, particularly given the company’s reputation for resilience in a changing consumer landscape.
| Metric | Value |
|---|---|
| Market Cap | $212.9b |
| Total Debt | $52.1b |
| Total Cash | $792.0m |
| Shares Outstanding | 717.3m |
| Float Shares | 715.7m |
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