McDonald's (MCD) Given a $186.00 Price Target at JPMorgan Chase & Co.
MCD has been the topic of several other research reports. Credit Suisse Group reiterated an outperform rating and set a $185.00 price target (up previously from $178.00) on shares of McDonald's in a research report on Tuesday, December 19th. Goldman Sachs Group set a $190.00 price target on shares of McDonald's and gave the stock a buy rating in a research report on Friday, January 5th. Cowen reiterated a buy rating and set a $200.00 price target on shares of McDonald's in a research report on Friday, January 5th. Piper Jaffray Companies upped their price target on shares of McDonald's from $175.00 to $185.00 and gave the stock an overweight rating in a research report on Thursday, December 14th. Finally, Stifel Nicolaus set a $172.00 price target on shares of McDonald's and gave the stock a neutral rating in a research report on Wednesday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $178.88.
McDonald's (NYSE MCD) traded up $0.18 on Friday, hitting $173.57. 2,901,367 shares of the stock traded hands, compared to its average volume of 3,060,000. 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 fifty-two week low of $119.82 and a fifty-two week high of $175.78. The company has a market cap of $140,590.00, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 2.75 and a beta of 0.67.
McDonald's (NYSE:MCD) last posted its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $5.75 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. sell-side analysts predict 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 stock in a transaction that occurred 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 sale, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of McDonald's in the 2nd quarter valued at approximately $322,000. Horan Capital Advisors LLC. acquired a new stake in shares of McDonald's in the 3rd quarter valued at approximately $104,000. Phocas Financial Corp. bought a new stake in McDonald's during the 2nd quarter worth approximately $107,000. Proficio Capital Partners LLC increased its stake in McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after purchasing an additional 5 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in McDonald's by 219.2% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after purchasing an additional 570 shares in the last quarter. Institutional investors and hedge funds own 67.28% of the company’s stock.
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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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