McDonald’s Corporation (NYSE:MCD) PT Set at $182.00 by Barclays PLC

McDonald’s Corporation (NYSE:MCD) has been given a $182.00 price target by equities researchers at Barclays PLC in a report issued on Wednesday, October 18th. The brokerage presently has a “buy” rating on the fast-food giant’s stock. Barclays PLC’s price target suggests a potential upside of 10.04% from the company’s current price.

MCD has been the subject of several other reports. Royal Bank Of Canada set a $175.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a research report on Tuesday, July 25th. BidaskClub downgraded McDonald’s Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Robert W. Baird restated an “outperform” rating and issued a $170.00 target price on shares of McDonald’s Corporation in a research report on Tuesday, October 3rd. Finally, Bank of America Corporation reiterated a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a research report on Monday, August 14th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $169.93.

Shares of McDonald’s Corporation (NYSE MCD) traded up 0.84% during trading on Wednesday, hitting $165.39. The stock had a trading volume of 2,298,244 shares. The stock has a market cap of $133.97 billion, a price-to-earnings ratio of 27.07 and a beta of 0.69. The company’s 50 day moving average price is $160.28 and its 200 day moving average price is $153.23. McDonald’s Corporation has a 12 month low of $110.83 and a 12 month high of $167.90.

McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald’s Corporation had a negative return on equity of 252.87% and a net margin of 24.19%. The business’s revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 earnings per share. Equities research analysts expect that McDonald’s Corporation will post $6.54 earnings per share for the current fiscal year.

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In other news, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $157.05, for a total transaction of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,621 shares of company stock worth $3,745,474. Insiders own 0.24% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board lifted its position in McDonald’s Corporation by 1.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after acquiring an additional 4,300 shares in the last quarter. Legacy Capital Partners Inc. increased its stake in McDonald’s Corporation by 7.0% in the 1st quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after buying an additional 1,706 shares during the last quarter. Holderness Investments Co. increased its stake in McDonald’s Corporation by 323.7% in the 1st quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock valued at $1,372,000 after buying an additional 8,090 shares during the last quarter. Cypress Asset Management Inc. TX increased its stake in McDonald’s Corporation by 136.4% in the 2nd quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock valued at $4,330,000 after buying an additional 16,315 shares during the last quarter. Finally, Oakworth Capital Inc. increased its stake in McDonald’s Corporation by 7.7% in the 1st quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock valued at $645,000 after buying an additional 355 shares during the last quarter. 67.85% of the stock is currently owned by institutional investors and hedge funds.

About McDonald’s Corporation

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.

Analyst Recommendations for McDonald`s Corporation (NYSE:MCD)

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