McDonald’s (NYSE:MCD) received a $193.00 price target from stock analysts at Barclays in a research note issued on Friday. The brokerage presently has a “buy” rating on the fast-food giant’s stock. Barclays’ target price indicates a potential upside of 11.46% from the company’s current price.
MCD has been the subject of several other research reports. ValuEngine downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Robert W. Baird reiterated an “outperform” rating and issued a $170.00 price target on shares of McDonald’s in a research report on Tuesday, October 3rd. Bank of America reiterated a “buy” rating and issued a $175.00 price target on shares of McDonald’s in a research report on Monday, August 14th. Royal Bank Of Canada upped their price target on shares of McDonald’s from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, October 13th. Finally, Longbow Research upgraded shares of McDonald’s from a “neutral” rating to a “buy” rating and upped their price target for the company from $154.05 to $183.00 in a research report on Thursday, September 28th. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $174.32.
Shares of McDonald’s (NYSE:MCD) opened at $173.15 on Friday. The firm has a market cap of $138,032.75, a P/E ratio of 27.05, a PEG ratio of 2.83 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald’s has a 12-month low of $118.18 and a 12-month high of $174.44.
McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.01. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The company’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 EPS. research analysts expect that McDonald’s will post 6.53 earnings per share for the current fiscal year.
In related news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the sale, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of McDonald’s by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after acquiring an additional 906,303 shares during the period. BlackRock Inc. lifted its holdings in shares of McDonald’s by 3.0% during the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after acquiring an additional 1,586,761 shares during the period. Capital World Investors lifted its holdings in shares of McDonald’s by 2.8% during the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock worth $3,413,646,000 after acquiring an additional 606,232 shares during the period. Capital Research Global Investors lifted its holdings in shares of McDonald’s by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after acquiring an additional 1,572,074 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of McDonald’s by 3.1% during the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after acquiring an additional 360,212 shares during the period. Institutional investors and hedge funds own 67.40% of the company’s stock.
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McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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