McDonald's (NYSE:MCD)‘s stock had its “buy” rating reiterated by equities researchers at Cowen in a research report issued on Friday. They presently have a $200.00 target price on the fast-food giant’s stock. Cowen’s target price indicates a potential upside of 15.26% from the stock’s current price.

A number of other equities analysts have also recently weighed in on MCD. Royal Bank of Canada reissued a “buy” rating and issued a $175.00 price target on shares of McDonald's in a research note on Friday, September 8th. Mizuho reissued a “buy” rating and issued a $173.00 price target (up previously from $170.00) on shares of McDonald's in a research note on Wednesday, September 13th. Sanford C. Bernstein set a $180.00 price target on McDonald's and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Credit Suisse Group set a $170.00 price target on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, September 20th. Finally, Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research note on Tuesday, September 26th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $178.52.

Shares of McDonald's (NYSE MCD) traded down $0.18 during trading on Friday, reaching $173.52. 2,339,962 shares of the company’s stock traded hands, compared to its average volume of 3,414,200. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald's has a 12-month low of $118.52 and a 12-month high of $175.78. The company has a market capitalization of $140,700.00, a PE ratio of 25.04, a PEG ratio of 2.62 and a beta of 0.67.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.75 by $0.01. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same period in the previous year, the business earned $1.62 earnings per share. McDonald's’s revenue for the quarter was down 10.4% compared to the same quarter last year. equities research analysts anticipate 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 McDonald's stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP James R. Sappington sold 8,046 shares of McDonald's stock in a transaction dated 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 transaction, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of McDonald's by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock valued at $8,776,174,000 after buying an additional 906,303 shares in the last quarter. BlackRock Inc. grew its stake in shares of McDonald's by 3.0% in the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after buying an additional 1,586,761 shares in the last quarter. Capital World Investors grew its stake in shares of McDonald's by 2.8% in the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock valued at $3,413,646,000 after buying an additional 606,232 shares in the last quarter. Capital Research Global Investors grew its stake in shares of McDonald's by 15.0% in the 2nd 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 buying an additional 1,572,074 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of McDonald's by 3.1% in the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock valued at $1,812,747,000 after buying an additional 360,212 shares in the last quarter. 67.27% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for McDonald's (NYSE:MCD)

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