Morgan Stanley Reiterates “Equal Weight” Rating for McDonald's Co. (MCD)
McDonald's Co. (NYSE:MCD)‘s stock had its “equal weight” rating reiterated by Morgan Stanley in a research note issued on Monday. They currently have a $113.00 price objective on the stock. Morgan Stanley’s price target indicates a potential upside of 9.56% from the stock’s previous close.
The analysts wrote, “MCD’s Europe and APMEA update did not prove a catalyst in terms of near term trends, or a refranchising update, but did highlight urgency around rebuilding momentum in key markets like Germany, Japan and Southeast Asia. MCD’s scale advantages are evident in Europe (systemsales greater than its 9 largest competitors combined) and it still wants to grow into the dominant player in APMEA.”
A number of other analysts have also recently weighed in on MCD. Analysts at Deutsche Bank raised their price target on shares of McDonald's Co. from $110.00 to $115.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Erste Group upgraded shares of McDonald's Co. to a “buy” rating in a research note on Monday, May 5th. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of McDonald's Co. in a research note on Monday, April 28th. They now have a $106.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $104.90.
McDonald's Co. (NYSE:MCD) traded down 1.14% during mid-day trading on Monday, hitting $101.96. The stock had a trading volume of 1,495,960 shares. McDonald's Co. has a one year low of $92.22 and a one year high of $103.78. The stock has a 50-day moving average of $100.2 and a 200-day moving average of $97.10. The company has a market cap of $100.8 billion and a price-to-earnings ratio of 18.75.
McDonald's Co. (NYSE:MCD) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.24 by $0.03. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter last year, the company posted $1.26 earnings per share. McDonald's Co.’s revenue was up 1.4% compared to the same quarter last year. Analysts expect that McDonald's Co. will post $5.76 EPS for the current fiscal year.
In other McDonald's Co. news, COO Timothy Fenton sold 9,938 shares of the stock on the open market in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $102.36, for a total value of $1,017,253.68. Following the transaction, the chief operating officer now directly owns 27,421 shares of the company’s stock, valued at approximately $2,806,814. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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