McDonald's’ (MCD) Buy Rating Reaffirmed at Cowen
MCD has been the topic of a number of other reports. ValuEngine downgraded shares of McDonald's from a buy rating to a hold rating in a research report on Friday, December 1st. Goldman Sachs Group set a $180.00 price objective on shares of McDonald's and gave the stock a buy rating in a research report on Tuesday, December 12th. Robert W. Baird reissued an outperform rating and set a $170.00 price objective on shares of McDonald's in a research report on Tuesday, October 3rd. Royal Bank of Canada raised their price objective on shares of McDonald's from $175.00 to $180.00 and gave the stock an outperform rating in a research report on Friday, October 13th. Finally, Longbow Research raised shares of McDonald's from a neutral rating to a buy rating and raised their price objective for the stock from $154.05 to $183.00 in a research report on Thursday, September 28th. Nine research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $178.52.
McDonald's (NYSE MCD) traded down $0.12 during midday trading on Friday, hitting $173.93. 2,060,000 shares of the company were exchanged, compared to its average volume of 3,010,000. 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 stock has a market cap of $140,880.00, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67. McDonald's has a 1 year low of $118.52 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 EPS for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $1.62 EPS. equities analysts expect that McDonald's will post 6.53 earnings per share for the current year.
In related news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated 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 sale, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Horan Capital Advisors LLC. acquired a new position in McDonald's during the third quarter worth about $104,000. Phocas Financial Corp. acquired a new position in McDonald's during the second quarter worth about $107,000. Proficio Capital Partners LLC raised its position in McDonald's by 0.7% during the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 5 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in McDonald's by 219.2% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after acquiring an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. raised its position in McDonald's by 75.0% during the third quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after acquiring an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 67.28% of the company’s stock.
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.
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with Analyst Ratings Network's FREE daily email newsletter.