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

Disclaimer:

The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.

Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.

By using this report, you acknowledge that you understand and accept these terms.