Stifel Nicolaus Reiterates “$172.00” Price Target for McDonald's (MCD)

McDonald's (NYSE:MCD) received a $172.00 price target from Stifel Nicolaus in a research note issued on Wednesday. The firm presently has a “neutral” rating on the fast-food giant’s stock. Stifel Nicolaus’ target price indicates a potential downside of 0.70% from the company’s previous close.

MCD has been the subject of several other reports. Wells Fargo & Co set a $185.00 price objective on McDonald's and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Royal Bank of Canada set a $190.00 price objective on McDonald's and gave the stock a “buy” rating in a research report on Thursday, December 21st. Deutsche Bank set a $185.00 price objective on McDonald's and gave the stock a “buy” rating in a research report on Friday, October 20th. Canaccord Genuity reiterated a “hold” rating and set a $170.00 price objective on shares of McDonald's in a research report on Friday, October 6th. Finally, Goldman Sachs Group set a $180.00 price objective on McDonald's and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $177.22.

Shares of McDonald's (NYSE MCD) traded up $1.10 during mid-day trading on Wednesday, reaching $173.22. The company’s stock had a trading volume of 3,696,800 shares, compared to its average volume of 2,949,250. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's has a 12 month low of $118.18 and a 12 month high of $175.78. The firm has a market capitalization of $139,700.00, a P/E ratio of 25.00, a P/E/G ratio of 2.64 and a beta of 0.67.

McDonald's (NYSE:MCD) last issued 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 business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.62 earnings per share. analysts anticipate that McDonald's will post 6.53 earnings per share for the current fiscal year.

In other news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the transaction, 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. 0.24% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of MCD. Vanguard Group Inc. boosted its holdings in 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. boosted its holdings in 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 boosted its holdings in 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 boosted its holdings in 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 boosted its holdings in 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. Hedge funds and other institutional investors own 67.27% of the company’s stock.

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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.