- McDonald's dismisses shareholder proposal to add Bitcoin to its treasury, favoring board-level investment decisions.
- Analysts provide a mixed outlook for McDonald's stock with an average price target suggesting moderate growth potential.
- GuruFocus estimates suggest McDonald's stock is near its fair value, with minimal downside expected.
The National Center for Public Policy Research recently proposed that McDonald's (MCD, Financial) incorporate Bitcoin into its treasury strategy, a move met with disapproval by the company. Backed by the SEC, McDonald's classified the proposal as a routine business matter, highlighting its preference for board-initiated investment strategies over those driven by shareholder activism, particularly in the cryptocurrency realm.
Wall Street Analysts' Projections
Wall Street remains divided on McDonald’s stock outlook. Based on estimates from 31 analysts, the average target price for McDonald’s Corp (MCD, Financial) stands at $330.26. This encompasses a range with a high estimate of $360.00 and a low of $280.00, suggesting an upside potential of 6.57% from its current trading price of $309.90. For a more comprehensive breakdown of these projections, you can visit the McDonald’s Corp (MCD) Forecast page.
Brokerage firm recommendations provide additional insights, with 39 firms giving McDonald's Corp (MCD, Financial) an average recommendation rating of 2.1, which denotes an "Outperform" status. This rating falls within a scale where 1 indicates a Strong Buy and 5 suggests a Sell.
According to GuruFocus, the projected GF Value for McDonald's Corp (MCD, Financial) in one year is assessed at $309.54. This estimation reveals a slight downside of 0.12% from the current stock price of $309.90. The GF Value is GuruFocus' calculation of the stock’s fair trading value, derived from its historical trading multiples, past business growth, and anticipated future performance. For further details, check out the McDonald’s Corp (MCD) Summary page.
