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McDonald’s Corporation (NYSE: MCD) Jumps 0.48%: The Most Likely Path Going Forward

McDonald’s Corporation (NYSE:MCD) shares, rose in value on Friday, May 13, with the stock price up by 0.48% to the previous day’s close as strong demand from buyers drove the stock to $245.37.

Actively observing the price movement in the recent trading, the stock is buoying the session at $244.19, falling within a range of $241.12 and $246.38. The value of beta (5-year monthly) is 0.61 whereas the PE ratio is 25.80 over 12-month period. Referring to stock’s 52-week performance, its high was $271.15, and the low was $217.68. On the whole, MCD has fluctuated by -2.00% over the past month.

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With the market capitalization of McDonald’s Corporation currently standing at about $179.25 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 27, 2022 – May 02, 2022. The company’s Forward Dividend Ratio is 5.52, with its dividend yield at 2.26%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.34, which is expected to increase to $2.32 for fiscal year $9.41 and then to about $10.14 by fiscal year 2022. Data indicates that the EPS growth is expected to be 55.50% in 2022, while the next year’s EPS growth is forecast to be 7.80%.

Analysts have estimated the company’s revenue for the quarter at $6.05 billion, with a low estimate of $5.9 billion and a high estimate of $6.24 billion. According to the average forecast, sales growth in current quarter could jump up 13.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $23.26 billion, representing an increase of 21.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MCD’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 3.35, with the price of MCD currently trading nearly -1.82% and 0.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.22, while the 7-day volatility ratio is showing 1.85% which for the 30-day chart, stands at 2.11%. Furthermore, McDonald’s Corporation (MCD)’s beta value is 0.57, and its average true range (ATR) is 5.32.

A comparison of McDonald’s Corporation (MCD) with its peers suggests the former has fared considerably weaker in the market. MCD showed an intraday change of 0.48% in today’s session so far, and over the past year, it grew by 6.28%%. In comparison, Starbucks Corporation (SBUX) has moved higher at 6.27% today and is down -36.74% over the past 12 months. On the other hand, the price of Chipotle Mexican Grill Inc. (CMG) has risen 3.96% today. The stock, however, is off -3.14% from where it was a year ago. Additionally, there is a gain of 2.96% for Yum! Brands Inc. (YUM) in recent trading while the stock has seen an overall depriciation of -6.42%% over the past year. The PE ratio stands at 25.80 for McDonald’s Corporation, compared to 18.71 for Starbucks Corporation, and 53.26 for Chipotle Mexican Grill Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.26%. Meanwhile, the Dow Jones Industrial Improved by 1.40%.

Data on historical trading for McDonald’s Corporation (NYSE:MCD) indicates that the trading volumes over the past 3 months, they’ve averaged 3.32 million. According to company’s latest data on outstanding shares, there are 742.60 million shares outstanding.

Nearly 0.05% of McDonald’s Corporation’s shares belong to company insiders and institutional investors own 70.00% of the company’s shares. The stock has fallen by -8.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MCD stock heading into the next quarter.

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