McDonald's (NYSE:MCD) has been assigned a $190.00 price objective by analysts at Royal Bank of Canada in a report issued on Thursday, December 21st. The firm currently has a “buy” rating on the fast-food giant’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 9.47% from the stock’s current price.
Several other brokerages also recently weighed in on MCD. Credit Suisse Group reiterated an “outperform” rating and issued a $185.00 price target (up from $178.00) on shares of McDonald's in a report on Tuesday, December 19th. Piper Jaffray Companies increased their price target on McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, December 14th. Goldman Sachs Group set a $180.00 price objective on McDonald's and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Barclays set a $193.00 price objective on McDonald's and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, ValuEngine cut McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $178.88.
Shares of McDonald's (NYSE:MCD) traded up $0.18 during midday trading on Thursday, hitting $173.57. The stock had a trading volume of 2,901,367 shares, compared to its average volume of 3,060,000. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's has a 12-month low of $119.82 and a 12-month high of $175.78. The stock has a market capitalization of $140,590.00, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67.
McDonald's (NYSE:MCD) last issued its quarterly earnings results 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. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. research analysts expect that McDonald's will post 6.53 EPS for the current year.
In other news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of MCD. Jennison Associates LLC raised its stake in McDonald's by 681.3% in the 2nd quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock worth $935,782,000 after acquiring an additional 5,327,778 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of McDonald's by 3,951.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after buying an additional 4,313,253 shares during the last quarter. FMR LLC raised its stake in shares of McDonald's by 72.9% during the 2nd quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after buying an additional 3,530,622 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of McDonald's by 69.9% during the 2nd quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after buying an additional 3,110,669 shares during the last quarter. Finally, BlackRock Inc. raised its stake 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 valued at $8,363,515,000 after buying an additional 1,586,761 shares during the last quarter. Institutional investors own 67.28% 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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