McDonald’s (MCD) Given a $180.00 Price Target by Goldman Sachs Group Analysts
McDonald’s (NYSE:MCD) has been assigned a $180.00 price objective by research analysts at Goldman Sachs Group in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the fast-food giant’s stock. Goldman Sachs Group’s target price indicates a potential upside of 3.90% from the stock’s current price.
Several other research firms have also weighed in on MCD. Barclays set a $193.00 target price on McDonald’s and gave the stock a “buy” rating in a report on Friday. ValuEngine downgraded McDonald’s from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Jefferies Group raised McDonald’s from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $200.00 in a research report on Tuesday, December 5th. Deutsche Bank set a $185.00 price target on McDonald’s and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Argus reaffirmed a “buy” rating on shares of McDonald’s in a research report on Tuesday, October 17th. Ten research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $174.55.
McDonald’s (MCD) traded up $0.10 on Tuesday, reaching $173.25. The company had a trading volume of 2,340,700 shares, compared to its average volume of 3,456,502. McDonald’s has a 12-month low of $118.18 and a 12-month high of $174.44. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. The firm has a market cap of $138,032.69, a price-to-earnings ratio of 27.06, a P/E/G ratio of 2.83 and a beta of 0.67.
In other McDonald’s news, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the sale, the insider now directly 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 is accessible through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of McDonald’s by 1.6% during the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock valued at $8,776,174,000 after acquiring an additional 906,303 shares during the period. BlackRock Inc. lifted its stake in shares of McDonald’s by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after acquiring an additional 1,586,761 shares during the period. Capital World Investors lifted its stake in shares of McDonald’s by 2.8% during the second quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock valued at $3,413,646,000 after acquiring an additional 606,232 shares during the period. Capital Research Global Investors lifted its stake in shares of McDonald’s by 15.0% during the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock valued at $1,846,905,000 after acquiring an additional 1,572,074 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of McDonald’s by 3.1% during the second quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock valued at $1,812,747,000 after acquiring an additional 360,212 shares during the period. 67.40% of the stock is currently owned by institutional investors.
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McDonald’s Company Profile
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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