Royal Bank of Canada set a $190.00 price objective on McDonald's (NYSE:MCD) in a research note released on Wednesday, December 27th. The brokerage currently has a buy rating on the fast-food giant’s stock.
Other equities analysts also recently issued research reports about the stock. Robert W. Baird reissued an outperform rating and issued a $170.00 target price on shares of McDonald's in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of McDonald's from a buy rating to a hold rating in a report on Friday, October 27th. Sanford C. Bernstein set a $180.00 target price on shares of McDonald's and gave the stock a buy rating in a report on Tuesday, September 19th. Mizuho reissued a buy rating and issued a $173.00 target price (up previously from $170.00) on shares of McDonald's in a report on Wednesday, September 13th. Finally, UBS Group set a $170.00 target price on shares of McDonald's and gave the stock a hold rating in a report on Wednesday, October 25th. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. McDonald's currently has a consensus rating of Buy and a consensus target price of $178.88.
McDonald's (MCD) opened at $173.57 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald's has a 1-year low of $119.82 and a 1-year high of $175.78. The firm has a market cap of $140,590.00, a P/E ratio of 25.05, a price-to-earnings-growth 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 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $5.75 billion. During the same quarter in the previous year, the firm earned $1.62 earnings per share. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. equities research analysts forecast that McDonald's will post 6.53 EPS for the current fiscal year.
In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the business’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 in the company, valued at $8,378,632.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the business’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 transaction, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Nadler Financial Group Inc. boosted its stake in shares of McDonald's by 4.5% during the fourth quarter. Nadler Financial Group Inc. now owns 7,211 shares of the fast-food giant’s stock valued at $1,241,000 after purchasing an additional 309 shares during the period. Trellis Advisors LLC purchased a new stake in shares of McDonald's during the fourth quarter valued at $269,000. Nisa Investment Advisors LLC boosted its stake in shares of McDonald's by 2.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 316,598 shares of the fast-food giant’s stock valued at $54,489,000 after purchasing an additional 6,540 shares during the period. Broadleaf Partners LLC purchased a new stake in shares of McDonald's during the fourth quarter valued at $212,000. Finally, Bristol Advisors LLC boosted its stake in shares of McDonald's by 19.2% during the fourth quarter. Bristol Advisors LLC now owns 9,300 shares of the fast-food giant’s stock valued at $1,601,000 after purchasing an additional 1,500 shares during the period. 67.28% of the stock is owned by hedge funds and other 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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