McDonald’s Corporation (NYSE:MCD) PT Set at $185.00 by Deutsche Bank AG

McDonald’s Corporation (NYSE:MCD) received a $185.00 price objective from analysts at Deutsche Bank AG in a research report issued to clients and investors on Thursday, October 26th. The firm currently has a “buy” rating on the fast-food giant’s stock. Deutsche Bank AG’s price objective suggests a potential upside of 11.72% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. BTIG Research raised their price target on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, June 29th. Argus restated a “buy” rating and set a $175.00 price target (up previously from $158.00) on shares of McDonald’s Corporation in a research note on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $167.00 price target (up previously from $153.00) on shares of McDonald’s Corporation in a research note on Friday, July 21st. Instinet reaffirmed a “buy” rating and set a $172.00 price objective (up previously from $161.00) on shares of McDonald’s Corporation in a report on Friday, July 21st. Finally, J P Morgan Chase & Co set a $170.00 price objective on shares of McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, July 20th. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. McDonald’s Corporation currently has an average rating of “Buy” and a consensus price target of $169.96.

McDonald’s Corporation (NYSE MCD) traded down $1.41 during trading on Thursday, reaching $165.59. 4,226,200 shares of the company’s stock traded hands, compared to its average volume of 3,256,198. The firm has a market capitalization of $132,006.02, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 2.71 and a beta of 0.67. McDonald’s Corporation has a 52-week low of $114.17 and a 52-week 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 earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter last year, the company earned $1.62 earnings per share. The firm’s revenue was down 10.4% on a year-over-year basis. equities research analysts forecast that McDonald’s Corporation will post 6.52 EPS for the current year.

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In other news, VP James R. Sappington sold 8,046 shares of the company’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 owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David Ogden Fairhurst sold 4,782 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 6,954 shares of the company’s stock, valued at approximately $1,092,125.70. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of MCD. Horan Capital Advisors LLC. acquired a new stake in shares of McDonald’s Corporation during the third quarter worth $104,000. Phocas Financial Corp. bought a new position in shares of McDonald’s Corporation in the second quarter valued at $107,000. Orrstown Financial Services Inc. lifted its stake in shares of McDonald’s Corporation by 17.2% in the second quarter. Orrstown Financial Services Inc. now owns 709 shares of the fast-food giant’s stock valued at $108,000 after buying an additional 104 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock valued at $111,000 after buying an additional 346 shares in the last quarter. Finally, Vigilant Capital Management LLC lifted its position in shares of McDonald’s Corporation by 9.4% during the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock valued at $127,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

McDonald’s Corporation Company Profile

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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