SunTrust Banks Analysts Give McDonald's (MCD) a $187.00 Price Target
SunTrust Banks set a $187.00 price target on McDonald's (NYSE:MCD) in a research note issued to investors on Wednesday. The firm currently has a buy rating on the fast-food giant’s stock. SunTrust Banks also issued estimates for McDonald's’ Q1 2018 earnings at $1.64 EPS, Q2 2018 earnings at $1.97 EPS, Q3 2018 earnings at $2.11 EPS, Q4 2018 earnings at $2.01 EPS, FY2018 earnings at $7.72 EPS and FY2019 earnings at $8.12 EPS.
A number of other equities analysts have also recently weighed in on MCD. Royal Bank of Canada reiterated a buy rating and set a $175.00 price target on shares of McDonald's in a report on Friday, September 8th. Mizuho reiterated a buy rating and set a $173.00 price target (up from $170.00) on shares of McDonald's in a report on Wednesday, September 13th. Sanford C. Bernstein set a $180.00 price target on McDonald's and gave the stock a buy rating in a report on Tuesday, September 19th. Credit Suisse Group set a $170.00 price target on McDonald's and gave the stock a buy rating in a report on Wednesday, September 20th. Finally, Zacks Investment Research upgraded McDonald's from a hold rating to a buy rating and set a $178.00 price target for the company in a report on Tuesday, September 26th. Nine analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $178.52.
Shares of McDonald's (NYSE:MCD) opened at $174.05 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The stock has a market capitalization of $138,471.14, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. McDonald's has a twelve month low of $118.52 and a twelve month high of $175.78.
McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.62 EPS. equities research analysts anticipate that McDonald's will post 6.53 earnings per share for the current year.
In related news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 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. Company insiders own 0.24% of the company’s stock.
A number of hedge funds have recently bought and sold shares of MCD. Horan Capital Advisors LLC. acquired a new stake in McDonald's in the 3rd quarter valued at about $104,000. Phocas Financial Corp. acquired a new stake in McDonald's in the 2nd quarter valued at about $107,000. Proficio Capital Partners LLC raised its position 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 purchasing an additional 5 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position 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 purchasing an additional 570 shares in the last quarter. Finally, Howe & Rusling Inc. raised its position 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 purchasing an additional 360 shares in the last quarter. 67.27% of the stock is currently owned by institutional investors.
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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