McDonald’s snaps six day winning streak

McDonald’s (NYSE:MCD) shares traded in the red on Wednesday, snapping a six-day gain streak. The stock closed down 0.13% at $312.92.

MCD stock rose about 25% in the last 12 months. YTD, the stock is trading up 5.4%, compared to the broader S&P 500 market which is up 21.92%.

Looking at Seeking Alpha’s Quant Ratings, this company has a Hold rating with a score of 3.21 out of 5.

When it comes to Wall Street analysis, 18 out of 37 analysts recommend a Strong Buy, 12 recommend a Hold and 7 recommend it as a Buy.

According to SA analyst Mike Zaccardi, “Despite a recent earnings miss, McDonald’s management provided solid guidance, with expectations of mid-to-high 40% operating margins and a 90% free cash flow conversion rate.

I see shares as being fully valued with technical resistance at $300, and while it deserves a premium valuation, its EPS growth potential is modest.”

Seeking Alpha analysts have a Hold rating on the company.