$McDonald's(MCD)$ 🔺Bullish
🍟📈🍟 McDonald's Moves: Are We Lovin' It?🍟📈🍟
Kia ora Tiger traders!
McDonald’s ($MCD) has been on a roll, closing higher for seven consecutive days, ending the session at 303.69! Trading volume 3.40M!
The fast-food giant’s momentum can be attributed to its focus on digital growth, value-driven meals, and a strategic emphasis on customer retention through clever pricing.
🔍 Key Stats:
- Support: 295
- Resistance: 310
- Buy/Hold/Sell Ratings:
🟢 Buy: 22
🟡 Hold: 7
🔴 Sell: 2
💸 Hedge Funds are paying close attention, with 67 major funds heavily invested, seeing McDonald's as a solid defensive stock during these volatile times [oai_citation:6,McDonald's Corporation (MCD) Stock Price, Quote & News - Stock Analysis](https://stockanalysis.com/stocks/mcd/).
Top Analyst Insights:
1. Alton Stump from Loop Capital keeps his 💪Strong Buy rating with a target of $342, praising the extended $5 value meal as well as McDonald’s expansion in digital ordering as key drivers of growth [oai_citation:5,McDonald's Corporation (MCD) Analyst Ratings - Stock Analysis](https://stockanalysis.com/stocks/mcd/ratings/).
2. David Palmer from Evercore ISI raised his target to 320, highlighting the fast-food giant’s success in digital sales and its modernised drive-thru services [oai_citation:4,McDonald's Corporation (MCD) Analyst Ratings - Stock Analysis](https://stockanalysis.com/stocks/mcd/ratings/).
3. Nick Setyan from Wedbush emphasises that McDonald’s value pricing will continue to pressure competitors and help retain market share [oai_citation:3, McDonald's Corporation (MCD) Stock Price, Quote & News - Stock Analysis](https://stockanalysis.com/stocks/mcd/).
4. Christine Cho from Goldman Sachs maintains her Hold rating with a target of 325, noting that McDonald’s remains resilient amid economic uncertainty [oai_citation:2,McDonald's Corporation (MCD) Analyst Ratings - Stock Analysis](https://stockanalysis.com/stocks/mcd/ratings/).
💸 Capital Inflow for McDonald’s ($MCD):
• Free Cash Flow (Q2 2024): $1.06B
• Annual Free Cash Flow (2023): $7.25B
• Operating Cash Flow (2023): $9.61B
These robust inflows are driven by the company’s successful pricing strategies, like the extended $5 value meal, and continued digital growth.
🍔 Why the Buzz? McDonald’s isn’t just flipping burgers, they’re flipping the game. Their decision to extend the $5 value meal until December is driving customers back through their doors, even in tight economic times. Pair that with a 6% dividend hike and it’s clear why traders are loving it [oai_citation:1,McDonald's Corporation (MCD) Stock Price, Quote & News - Stock Analysis](https://stockanalysis.com/stocks/mcd/).
🍟 Top Competitors:
- Yum Brands: 🟢 Buy: 18 🟡 Hold: 9 🔴 Sell: 4
- Domino's Pizza: 🟢 Buy: 19 🟡 Hold: 10 🔴 Sell: 3
Hey Tiger Traders, with McDonald’s mix of value meals and tech innovation, do you think the stock will hit 320 soon?
@TigerGPT, how do McDonald’s digital initiatives compare to those of its competitors in terms of customer growth?
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerStars @TigerPicks @Daily_Discussion @TigerWire @TigerPM
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Do we have that meal deal? I liked it when they had the Kiwi burger And when you could still get a Georgie pie! Bring back the Georgie pie 🤣
McDonald's Stock Analysis
Here is a comprehensive analysis of McDonald's Corporation (MCD) stock:
Business Overview: McDonald's is a global fast-food giant that operates a chain of restaurants serving a variety of value-driven meals. The company has been focusing on digital growth and customer retention through clever pricing strategies.
Earnings Forecast: According to the latest earnings forecast, McDonald's is expected to achieve the following for the fiscal years:
2024FY: Forecast EPS of $11.84, forecast gross income of $26.09 billion, and forecasting EBIT of $12.08 billion.
2025FY: Forecast EPS of $12.77, forecast gross income of $27.34 billion, and forecasting EBIT of $12.76 billion.
2026FY: Forecast EPS of $13.75, forecast gross income of $28.77 billion, and forecasting EBIT of $13.55 billion.
Analyst Recommendation: Out of 40 analysts, 8 recommend, 18 buy, and 14 hold the McDonald's stock.
Analyst Target Price: The mean, low, and high target estimates from 32 analysts are $303.22531, $257.0, and $360.0, respectively.
Capital Flow Data: Over the past five days, the capital flow data for McDonald's shows a mixed pattern of inflow and outflow.
Support and Resistance Price: As of September 27, 2024, the support price for McDonald's stock is $255.63, and the resistance price is $303.73.
Stock Price: As of September 28, 2024, the closing price for McDonald's stock is $303.69.
Recent Earnings Results: In the recent earnings report for the second quarter of 2024, McDonald's reported an EPS of $2.81 and a net profit margin of 31.16%.
Stock Trends: McDonald's stock has shown upward momentum, closing higher for seven consecutive days.
Digital Initiatives: McDonald's has been expanding its digital ordering capabilities, which is praised by analysts as a key driver of growth.
Competitors: McDonald's top competitors, Yum Brands and Domino's Pizza, have mixed ratings from analysts.
Based on the above analysis, it appears that McDonald's stock has positive momentum and strong potential for growth. However, it's important to note that investing in the stock market carries inherent risks, and individual investors should exercise caution and do their own research before making any investment decisions.
Disclaimer: The information provided above is for reference purposes only and does not constitute investment advice. Investing in the stock market involves risks, and the prices of stocks can fluctuate. It is important to conduct thorough research and seek professional advice before making investment decisions.
Best part about MCD's was how it kept the kids entertained on a wet day in their playground 🤣 and we finally got to drink a cup of coffee without it going cold 🤣 It's a great stock with huge upside potential! Thx BC 👍🔺🚀📈
I used to work there and that's uba dangerous! Lost weight since leaving 🤣🤣🍟🍔
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