Mcdonald’s (NYSE:MCD) Upgraded to Buy by Longbow Research

Mcdonald’s (NYSE:MCD) was upgraded by Longbow Research from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat.com reports. The brokerage presently has a $227.00 price target on the fast-food giant’s stock. Longbow Research’s target price suggests a potential upside of 17.25% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Mcdonald’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley reduced their price objective on shares of Mcdonald’s from $220.00 to $214.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Cowen raised their price objective on shares of Mcdonald’s from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Credit Suisse Group reduced their price objective on shares of Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, SunTrust Banks reduced their price objective on shares of Mcdonald’s from $240.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $222.96.

Shares of MCD traded up $0.53 during mid-day trading on Friday, hitting $193.61. 3,457,071 shares of the company’s stock were exchanged, compared to its average volume of 3,371,192. The firm has a market capitalization of $144.73 billion, a P/E ratio of 24.51, a P/E/G ratio of 3.04 and a beta of 0.48. Mcdonald’s has a fifty-two week low of $169.04 and a fifty-two week high of $221.93. The business’s 50 day moving average is $204.71 and its two-hundred day moving average is $207.29.

Mcdonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, October 22nd. The fast-food giant reported $2.11 EPS for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.10). The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Mcdonald’s had a net margin of 28.09% and a negative return on equity of 85.71%. Mcdonald’s’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.10 EPS. On average, analysts expect that Mcdonald’s will post 7.87 earnings per share for the current year.

In other Mcdonald’s news, CEO Christopher J. Kempczinski acquired 2,580 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average cost of $193.81 per share, with a total value of $500,029.80. Following the purchase, the chief executive officer now directly owns 2,580 shares in the company, valued at approximately $500,029.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John J. Mulligan acquired 1,300 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average cost of $193.46 per share, with a total value of $251,498.00. Following the completion of the purchase, the director now owns 2,900 shares in the company, valued at $561,034. The disclosure for this purchase can be found here. Company insiders own 0.25% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of MCD. Cox Capital Mgt LLC increased its stake in shares of Mcdonald’s by 2.7% during the 2nd quarter. Cox Capital Mgt LLC now owns 11,382 shares of the fast-food giant’s stock worth $2,364,000 after purchasing an additional 299 shares in the last quarter. Thomasville National Bank increased its stake in shares of Mcdonald’s by 3.6% during the 2nd quarter. Thomasville National Bank now owns 23,281 shares of the fast-food giant’s stock worth $4,834,000 after purchasing an additional 800 shares in the last quarter. Baystate Wealth Management LLC increased its stake in shares of Mcdonald’s by 59.4% during the 2nd quarter. Baystate Wealth Management LLC now owns 735 shares of the fast-food giant’s stock worth $152,000 after purchasing an additional 274 shares in the last quarter. South Texas Money Management Ltd. increased its stake in shares of Mcdonald’s by 4.4% during the 2nd quarter. South Texas Money Management Ltd. now owns 1,529 shares of the fast-food giant’s stock worth $318,000 after purchasing an additional 64 shares in the last quarter. Finally, Winfield Associates Inc. purchased a new position in shares of Mcdonald’s during the 2nd quarter worth approximately $145,000. 67.91% of the stock is owned by institutional investors and hedge funds.

Mcdonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Analyst Recommendations for Mcdonald`s (NYSE:MCD)

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