Royal Bank of Canada Analysts Give McDonald's (MCD) a $190.00 Price Target

McDonald's (NYSE:MCD) received a $190.00 price objective from investment analysts at Royal Bank of Canada in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the fast-food giant’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 10.36% from the company’s current price.

A number of other brokerages have also recently weighed in on MCD. Credit Suisse Group restated an “outperform” rating and issued a $185.00 price target (up previously from $178.00) on shares of McDonald's in a research report on Tuesday. Piper Jaffray Companies raised their price target on McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, December 14th. Goldman Sachs Group set a $180.00 price target on McDonald's and gave the company a “buy” rating in a research report on Tuesday, December 12th. Barclays set a $193.00 price target on McDonald's and gave the company a “buy” rating in a research report on Friday, December 8th. Finally, ValuEngine cut McDonald's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. McDonald's currently has a consensus rating of “Buy” and an average target price of $175.62.

McDonald's (MCD) opened at $172.17 on Thursday. The stock has a market capitalization of $138,224.02, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. McDonald's has a 52-week low of $118.18 and a 52-week high of $175.78.

McDonald's (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The firm 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%. McDonald's’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 earnings per share. equities analysts expect that McDonald's will post 6.53 EPS for the current fiscal year.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $1,327,590.00. Following the completion of the sale, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Horan Capital Advisors LLC. acquired a new stake in McDonald's in the 3rd quarter worth about $104,000. Phocas Financial Corp. purchased a new position in shares of McDonald's in the 2nd quarter worth about $107,000. Proficio Capital Partners LLC raised its holdings in shares of McDonald's by 0.7% in 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 during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of 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 worth $130,000 after purchasing an additional 570 shares during the period. Finally, Howe & Rusling Inc. raised its holdings in shares of McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after purchasing an additional 360 shares during the period. 67.29% of the stock is currently owned by hedge funds and other 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.