McDonald's’ (MCD) “Outperform” Rating Reiterated at Credit Suisse Group

Credit Suisse Group restated their outperform rating on shares of McDonald's (NYSE:MCD) in a report released on Tuesday, December 19th, The Fly reports. Credit Suisse Group currently has a $185.00 price target on the fast-food giant’s stock, up from their prior price target of $178.00.

Other analysts have also recently issued reports about the stock. Longbow Research upgraded shares of McDonald's from a neutral rating to a buy rating and raised their price target for the stock from $154.05 to $183.00 in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of McDonald's from a hold rating to a buy rating and set a $178.00 target price for the company in a research note on Tuesday, September 26th. Sanford C. Bernstein set a $180.00 target price on shares of McDonald's and gave the company a buy rating in a research note on Tuesday, September 19th. Mizuho restated a buy rating and issued a $173.00 price objective (up from $170.00) on shares of McDonald's in a research note on Wednesday, September 13th. Finally, Royal Bank of Canada restated a buy rating and issued a $175.00 price objective on shares of McDonald's in a research note on Friday, September 8th. Nine investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. McDonald's has a consensus rating of Buy and an average price target of $178.52.

McDonald's (NYSE:MCD) traded down $0.12 during trading on Tuesday, hitting $173.39. 3,069,000 shares of the stock were exchanged, compared to its average volume of 3,050,000. The company has a market cap of $140,450.00, a P/E ratio of 25.02, a P/E/G ratio of 2.61 and a beta of 0.67. McDonald's has a one year low of $119.82 and a one year high of $175.78. 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 (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald's’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 EPS. equities analysts expect that McDonald's will post 6.53 EPS for the current year.

In related news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction that occurred 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 transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of McDonald's stock in a transaction that occurred 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 transaction, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC increased its holdings in shares of McDonald's by 681.3% during the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after acquiring an additional 5,327,778 shares in the last quarter. Janus Henderson Group PLC grew its holdings in McDonald's by 3,951.0% during the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after buying an additional 4,313,253 shares in the last quarter. FMR LLC grew its stake in McDonald's by 72.9% in 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 purchasing an additional 3,530,622 shares during the period. Alliancebernstein L.P. grew its stake in McDonald's by 69.9% in 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 purchasing an additional 3,110,669 shares during the period. Finally, BlackRock Inc. grew its stake in McDonald's by 3.0% in 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 purchasing an additional 1,586,761 shares during the period. 67.28% of the stock is currently owned by institutional investors.

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About McDonald's

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.

The Fly

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