McDonald's (MCD) PT Set at $190.00 by Goldman Sachs Group
McDonald's (NYSE:MCD) has been given a $190.00 price objective by equities research analysts at Goldman Sachs Group in a research note issued to investors on Friday. The firm currently has a “buy” rating on the fast-food giant’s stock. Goldman Sachs Group’s price target indicates a potential upside of 9.23% from the stock’s previous close.
Several other analysts have also weighed in on MCD. SunTrust Banks set a $187.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of McDonald's in a research note on Tuesday, October 3rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $175.00 price objective on shares of McDonald's in a research note on Friday, September 8th. Zacks Investment Research lowered McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Sanford C. Bernstein set a $180.00 price objective on McDonald's and gave the company a “buy” rating in a research note on Tuesday, September 19th. Nine research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $177.85.
Shares of McDonald's (MCD) traded up $0.21 during midday trading on Friday, reaching $173.94. The company’s stock had a trading volume of 732,269 shares, compared to its average volume of 2,980,000. 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 52-week low of $118.52 and a 52-week high of $175.78. The firm has a market cap of $140,890.00, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 2.62 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 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. research analysts expect that McDonald's will post 6.53 EPS for the current year.
In other McDonald's news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction that occurred on 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 owns 15,739 shares of the company’s stock, valued at $2,596,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MCD. Canada Pension Plan Investment Board boosted its position in shares of McDonald's by 1.0% during the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock valued at $68,805,000 after buying an additional 4,300 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of McDonald's by 10.6% during the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock valued at $71,558,000 after buying an additional 44,899 shares during the last quarter. Tredje AP fonden boosted its position in shares of McDonald's by 26.7% during the second quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock valued at $18,454,000 after buying an additional 25,380 shares during the last quarter. Beaton Management Co. Inc. purchased a new position in shares of McDonald's during the second quarter valued at approximately $555,000. Finally, Buckingham Asset Management LLC boosted its position in shares of McDonald's by 157.5% during the second quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock valued at $2,906,000 after buying an additional 11,604 shares during the last quarter. 67.27% of the stock is owned by hedge funds and other institutional investors.
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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