McDonald's (NYSE:MCD)‘s stock had its “buy” rating restated by stock analysts at JPMorgan Chase & Co. in a research note issued on Monday. They presently have a $182.00 price target on the fast-food giant’s stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 15.38% from the company’s current price.
A number of other analysts have also issued reports on the company. Jefferies Group upgraded McDonald's from a “hold” rating to a “buy” rating and increased their target price for the company from $150.00 to $200.00 in a report on Tuesday, December 5th. Citigroup increased their price objective on McDonald's from $167.00 to $176.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Barclays cut their price objective on McDonald's from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. Goldman Sachs Group set a $180.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research upgraded McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a report on Thursday, January 18th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $183.02.
Shares of McDonald's (MCD) opened at $157.74 on Monday. The stock has a market capitalization of $124,926.86, a price-to-earnings ratio of 23.57, a PEG ratio of 2.36 and a beta of 0.65. McDonald's has a 1-year low of $127.35 and a 1-year high of $178.70. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04.
McDonald's (NYSE:MCD) last released its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share. sell-side analysts expect that McDonald's will post 7.63 EPS for the current fiscal year.
In other news, insider Douglas M. Goare sold 34,575 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
Several large investors have recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in McDonald's during the second quarter worth about $153,000. Beach Investment Management LLC. acquired a new stake in McDonald's during the second quarter worth about $296,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund grew its position in McDonald's by 192.7% during the second quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 27,343 shares of the fast-food giant’s stock worth $4,188,000 after buying an additional 18,000 shares in the last quarter. Strategic Financial Group LLC acquired a new stake in McDonald's during the second quarter worth about $202,000. Finally, Great Lakes Advisors LLC grew its position in McDonald's by 73.0% during the second quarter. Great Lakes Advisors LLC now owns 53,691 shares of the fast-food giant’s stock worth $8,223,000 after buying an additional 22,662 shares in the last quarter. 68.59% of the stock is currently owned by institutional investors.
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McDonald's 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.
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