McDonald's (MCD) Given a $186.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $186.00 target price on McDonald's (NYSE:MCD) in a research note issued to investors on Friday morning. The firm currently has a buy rating on the fast-food giant’s stock.

A number of other research firms have also recently issued reports on MCD. Canaccord Genuity reiterated a hold rating and issued a $170.00 target price on shares of McDonald's in a research note on Friday, October 6th. Nomura set a $180.00 target price on shares of McDonald's and gave the company a buy rating in a research note on Wednesday, October 25th. Stifel Nicolaus set a $172.00 target price on shares of McDonald's and gave the company a neutral rating in a research note on Wednesday, January 3rd. Piper Jaffray Companies lifted their target price on shares of McDonald's from $175.00 to $185.00 and gave the company an overweight rating in a research note on Thursday, December 14th. Finally, Jefferies Group upgraded shares of McDonald's from a hold rating to a buy rating and boosted their price objective for the stock from $150.00 to $200.00 in a research note on Tuesday, December 5th. Nine investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. McDonald's presently has an average rating of Buy and a consensus price target of $178.88.

McDonald's (NYSE:MCD) traded up $0.18 during midday trading on Friday, reaching $173.57. 2,901,367 shares of the company’s stock were exchanged, compared to its average volume of 3,060,000. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The firm has a market capitalization of $140,590.00, a PE ratio of 25.05, a PEG ratio of 2.75 and a beta of 0.67. McDonald's has a 1 year low of $119.82 and a 1 year high of $175.78.

McDonald's (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The company’s revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.62 earnings per share. analysts expect that McDonald's will post 6.53 EPS for the current fiscal year.

In related news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Horan Capital Advisors LLC. bought a new stake in McDonald's in the 3rd quarter valued at $104,000. Phocas Financial Corp. bought a new stake in McDonald's in the 2nd quarter valued at $107,000. Proficio Capital Partners LLC increased its holdings in McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after buying an additional 5 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 570 shares during the period. Finally, Howe & Rusling Inc. increased its holdings in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after buying an additional 360 shares during the period. Hedge funds and other institutional investors own 67.28% of the company’s stock.

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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.

Analyst Recommendations for McDonald's (NYSE:MCD)

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