McDonald's (NYSE:MCD) has been given a $190.00 price objective by investment analysts at Nomura in a report released on Tuesday, January 2nd. The firm currently has a “buy” rating on the fast-food giant’s stock. Nomura’s price objective suggests a potential upside of 9.47% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Robert W. Baird reiterated an “outperform” rating and set a $170.00 price target on shares of McDonald's in a research report on Tuesday, October 3rd. Royal Bank of Canada reissued a “buy” rating and set a $175.00 price objective on shares of McDonald's in a research note on Friday, September 8th. Zacks Investment Research lowered McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Sanford C. Bernstein set a $180.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Tuesday, September 19th. Finally, Mizuho reissued a “buy” rating and set a $173.00 price objective (up previously from $170.00) on shares of McDonald's in a research note on Wednesday, September 13th. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. McDonald's presently has an average rating of “Buy” and an average target price of $178.88.
Shares of McDonald's (NYSE MCD) traded up $0.18 during midday trading on Tuesday, reaching $173.57. 2,901,367 shares of the company’s stock were exchanged, compared to its average volume of 3,060,000. McDonald's has a twelve month low of $119.82 and a twelve month high of $175.78. 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 company has a market capitalization of $140,590.00, a PE ratio of 25.05, a P/E/G ratio of 2.75 and a beta of 0.67.
McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same period last year, the business earned $1.62 earnings per share. The business’s quarterly revenue was down 10.4% on a year-over-year basis. sell-side analysts forecast that McDonald's will post 6.53 earnings per share for the current year.
In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $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 made changes to their positions in the business. Canada Pension Plan Investment Board increased its holdings in shares of McDonald's by 1.0% during the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after acquiring an additional 4,300 shares in the last quarter. Legacy Capital Partners Inc. increased its holdings in shares of McDonald's by 7.0% during the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock valued at $3,390,000 after acquiring an additional 1,706 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of McDonald's by 10.6% during the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after acquiring an additional 44,899 shares in the last quarter. Tredje AP fonden increased its holdings in shares of McDonald's by 26.7% during the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after acquiring an additional 25,380 shares in the last quarter. Finally, Beaton Management Co. Inc. bought a new position in shares of McDonald's during the second quarter valued at $555,000. 67.28% of the stock is owned by institutional investors and hedge funds.
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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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