Time to Reconsider McDonald's Corporation (MCD) After Achieving 52-Week High?

January 21, 2018 - By Stephen Andrade

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.01, from 0.78 in 2017Q2. It fall, as 48 investors sold McDonald's Corporation shares while 638 reduced holdings. 121 funds opened positions while 404 raised stakes. 520.27 million shares or 3.02% less from 536.45 million shares in 2017Q2 were reported.
Moreover, Loring Wolcott & Coolidge Fiduciary Advsr Llp Ma has 0.49% invested in McDonald's Corporation (NYSE:MCD) for 160,872 shares. Tirschwell & Loewy reported 9,375 shares. Savant Ltd Limited Liability Company reported 16,508 shares. Bnp Paribas Arbitrage Sa has 0.64% invested in McDonald's Corporation (NYSE:MCD). United Fincl Bank invested in 1.95% or 31,282 shares. Arizona State Retirement Sys holds 0.45% or 238,258 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt reported 0.22% of its portfolio in McDonald's Corporation (NYSE:MCD). Todd Asset Management Limited Liability Company accumulated 0.03% or 7,994 shares. Savings Bank Of Montreal Can reported 1.29M shares stake. Baker Avenue Asset Mngmt Lp invested in 0.03% or 1,838 shares. Azimuth Management Lc reported 0.77% of its portfolio in McDonald's Corporation (NYSE:MCD). Chem Retail Bank accumulated 0.99% or 56,861 shares. First Savings Bank Sioux Falls holds 1.18% or 2,144 shares in its portfolio. Mu Invests Co Limited owns 270 shares or 0.03% of their US portfolio. Dodge Cox reported 0% stake.

Since August 9, 2017, it had 0 buys, and 3 insider sales for $3.75 million activity. $1.67M worth of McDonald's Corporation (NYSE:MCD) was sold by Erlinger Joseph M. on Wednesday, August 9. Another trade for 8,046 shares valued at $1.33 million was made by Sappington James R on Wednesday, October 25.

The stock of McDonald's Corporation (NYSE:MCD) hit a new 52-week high and has $181.40 target or 3.00 % above today’s $176.12 share price. The 9 months bullish chart indicates low risk for the $140.40 billion company. The 1-year high was reported on Jan, 21 by Barchart.com. If the $181.40 price target is reached, the company will be worth $4.21 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.89% or $1.55 during the last trading session, reaching $176.12. About 3.75M shares traded or 23.94% up from the average. McDonald's Corporation (NYSE:MCD) has risen 18.25% since January 21, 2017 and is uptrending. It has outperformed by 1.55% the S&P500.

Analysts await McDonald's Corporation (NYSE:MCD) to report earnings on January, 22. They expect $1.58 EPS, up 9.72 % or $0.14 from last year’s $1.44 per share. MCD’s profit will be $1.26 billion for 27.87 P/E if the $1.58 EPS becomes a reality. After $1.76 actual EPS reported by McDonald's Corporation for the previous quarter, Wall Street now forecasts -10.23 % negative EPS growth.

McDonald's Corporation (NYSE:MCD) Ratings Coverage

Among 34 analysts covering McDonald’s Corporation (NYSE:MCD), 24 have Buy rating, 1 Sell and 9 Hold. Therefore 71% are positive. McDonald’s Corporation had 121 analyst reports since September 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Wednesday, July 26. The stock has “Neutral” rating by Longbow on Friday, March 18. As per Friday, October 23, the company rating was maintained by Barclays Capital. The firm has “Market Perform” rating by Bernstein given on Thursday, May 26. Bank of America maintained it with “Buy” rating and $17500 target in Tuesday, June 13 report. The firm earned “Buy” rating on Thursday, June 29 by BTIG Research. The firm has “Buy” rating by Suntrust Robinson given on Thursday, October 8. Cleveland upgraded the stock to “Buy” rating in Wednesday, April 12 report. The stock has “Buy” rating by Nomura on Wednesday, October 25. Credit Suisse maintained it with “Outperform” rating and $130 target in Monday, June 27 report.

More notable recent McDonald's Corporation (NYSE:MCD) news were published by: Fool.com which released: “Better Buy: International Business Machines Corp. vs. McDonald’s Corporation” on December 26, 2017, also Seekingalpha.com with their article: “McDonald’s sets huge sustainability target” published on January 16, 2018, Investorplace.com published: “McDonald’s Corporation is Executing a Successful Turnaround” on December 28, 2017. More interesting news about McDonald's Corporation (NYSE:MCD) were released by: Usnews.com and their article: “Value Menu Should Make McDonald’s Stock a Bargain” published on January 04, 2018 as well as Fool.com‘s news article titled: “McDonald’s Corporation Earnings: What to Watch” with publication date: January 16, 2018.

McDonaldÂ’s Corporation operates and franchises McDonaldÂ’s restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, Latin America, and internationally. The company has market cap of $140.40 billion. The company's restaurants offer various food products, soft drinks, coffee, and other beverages. It has a 25.49 P/E ratio. As of December 31, 2016, it operated 36,899 restaurants, including 31,230 franchised restaurants comprising 21,559 franchised to conventional franchisees, 6,300 licensed to developmental licensees, and 3,371 licensed to foreign affiliates; and 5,669 company-operated restaurants.

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