Mcdonald’s (NYSE:MCD) received a $230.00 target price from investment analysts at Stephens in a research note issued on Thursday, TipRanks reports. The brokerage presently has a “buy” rating on the fast-food giant’s stock. Stephens’ target price suggests a potential upside of 7.12% from the stock’s previous close.
A number of other analysts also recently weighed in on the stock. MKM Partners assumed coverage on shares of Mcdonald’s in a report on Tuesday, August 13th. They set a “buy” rating and a $250.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Mcdonald’s from $195.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Cleveland Research reaffirmed a “hold” rating on shares of Mcdonald’s in a report on Friday, July 12th. KeyCorp increased their price objective on shares of Mcdonald’s from $215.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Finally, Piper Jaffray Companies set a $226.00 price objective on shares of Mcdonald’s and gave the company a “buy” rating in a research note on Wednesday, September 18th. Eight research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $221.19.
Shares of Mcdonald’s stock traded up $1.55 on Thursday, reaching $214.71. 2,391,529 shares of the stock were exchanged, compared to its average volume of 3,104,446. The firm’s 50 day moving average is $215.77 and its 200-day moving average is $204.08. Mcdonald’s has a one year low of $161.82 and a one year high of $221.93. The firm has a market cap of $161.46 billion, a PE ratio of 27.18, a P/E/G ratio of 3.15 and a beta of 0.49.
Mcdonald’s (NYSE:MCD) last issued its quarterly earnings results on Friday, July 26th. The fast-food giant reported $2.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). Mcdonald’s had a negative return on equity of 92.02% and a net margin of 28.32%. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period last year, the company posted $1.99 EPS. The business’s revenue was down .2% on a year-over-year basis. As a group, research analysts predict that Mcdonald’s will post 8.01 earnings per share for the current fiscal year.
In other Mcdonald’s news, EVP Silvia Lagnado sold 26,649 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $212.58, for a total value of $5,665,044.42. Following the completion of the transaction, the executive vice president now directly owns 40,129 shares in the company, valued at approximately $8,530,622.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Catherine A. Hoovel sold 457 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.15, for a total transaction of $99,694.55. Following the completion of the transaction, the vice president now owns 1,348 shares of the company’s stock, valued at $294,066.20. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. increased its position in shares of Mcdonald’s by 2.9% during the second quarter. Macquarie Group Ltd. now owns 43,457 shares of the fast-food giant’s stock worth $9,025,000 after buying an additional 1,225 shares during the period. Bridger Capital Management LLC acquired a new stake in shares of Mcdonald’s during the second quarter worth $1,162,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Mcdonald’s by 3.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 256,050 shares of the fast-food giant’s stock worth $53,171,000 after buying an additional 9,440 shares during the period. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Mcdonald’s during the second quarter worth $102,533,000. Finally, Hancock Whitney Corp increased its position in shares of Mcdonald’s by 2.5% during the second quarter. Hancock Whitney Corp now owns 11,655 shares of the fast-food giant’s stock worth $2,420,000 after buying an additional 279 shares during the period. Institutional investors own 67.61% of the company’s stock.
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
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