Robert W. Baird Analysts Give McDonald’s Corporation (NYSE:MCD) a $175.00 Price Target

McDonald’s Corporation (NYSE:MCD) has been assigned a $175.00 price target by equities researchers at Robert W. Baird in a research note issued to investors on Wednesday, October 25th. The brokerage presently has a “buy” rating on the fast-food giant’s stock. Robert W. Baird’s price objective would suggest a potential upside of 5.68% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Royal Bank of Canada set a $175.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price objective on shares of McDonald’s Corporation in a research note on Tuesday, July 25th. BidaskClub cut shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Bank of America Corporation reaffirmed a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a research note on Monday, August 14th. Finally, Longbow Research raised shares of McDonald’s Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $154.05 to $183.00 in a research note on Thursday, September 28th. Eleven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $169.96.

McDonald’s Corporation (NYSE MCD) opened at $165.59 on Wednesday. The firm has a market cap of $133,130.00, a PE ratio of 26.09, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67. McDonald’s Corporation has a 1 year low of $114.17 and a 1 year high of $170.92. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.

McDonald’s Corporation (NYSE:MCD) last released 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 Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. sell-side analysts expect that McDonald’s Corporation will post 6.52 EPS for the current year.

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In other McDonald’s Corporation news, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Ogden Fairhurst sold 4,782 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $157.05, for a total transaction of $751,013.10. Following the transaction, 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. 0.24% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MCD. Canada Pension Plan Investment Board raised its holdings in McDonald’s Corporation by 1.0% in the second 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. raised its holdings in McDonald’s Corporation by 7.0% in the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after acquiring an additional 1,706 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in McDonald’s Corporation by 10.6% in the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after acquiring an additional 44,899 shares in the last quarter. Holderness Investments Co. raised its holdings in McDonald’s Corporation by 323.7% in the first quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock valued at $1,372,000 after acquiring an additional 8,090 shares in the last quarter. Finally, Cypress Asset Management Inc. TX raised its holdings in McDonald’s Corporation by 136.4% in the second quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock valued at $4,330,000 after acquiring an additional 16,315 shares in the last quarter. 68.03% 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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