McDonald's (NYSE:MCD) has been assigned a $190.00 target price by Nomura in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the fast-food giant’s stock. Nomura’s price target suggests a potential upside of 9.38% from the company’s previous close.
Several other research firms also recently weighed in on MCD. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $194.00 target price for the company in a research report on Tuesday. Royal Bank of Canada set a $190.00 target price on McDonald's and gave the company a “buy” rating in a research report on Tuesday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $185.00 target price (up from $178.00) on shares of McDonald's in a research report on Tuesday, December 19th. Piper Jaffray Companies lifted their target price on McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, December 14th. Finally, Goldman Sachs Group set a $180.00 target price on McDonald's and gave the company a “buy” rating in a research report on Tuesday, December 12th. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $177.52.
Shares of McDonald's (NYSE:MCD) traded up $1.21 during trading hours on Tuesday, hitting $173.70. The company had a trading volume of 2,747,910 shares, compared to its average volume of 2,970,000. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The firm has a market cap of $140,700.00, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 2.65 and a beta of 0.67. McDonald's has a 1 year low of $118.18 and a 1 year high of $175.78.
McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the company earned $1.62 EPS. sell-side 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 business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The sale was disclosed in a filing with the SEC, which is accessible 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 value of $1,327,590.00. Following the transaction, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
A number of hedge funds have recently bought and sold shares of MCD. Horan Capital Advisors LLC. purchased a new stake in McDonald's during the third quarter worth approximately $104,000. Phocas Financial Corp. purchased a new stake in McDonald's during the second quarter worth approximately $107,000. Proficio Capital Partners LLC lifted its stake in McDonald's by 0.7% during the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in McDonald's by 219.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its stake in McDonald's by 75.0% in the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after buying an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 67.27% 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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