McDonald's (MCD) Given a $186.00 Price Target by JPMorgan Chase & Co. Analysts
McDonald's (NYSE:MCD) has been given a $186.00 target price by stock analysts at JPMorgan Chase & Co. in a report released on Friday. The brokerage currently has a “buy” rating on the fast-food giant’s stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 7.27% from the stock’s current price.
MCD has been the subject of a number of other research reports. ValuEngine downgraded shares of McDonald's from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Goldman Sachs Group set a $180.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Tuesday, December 12th. Robert W. Baird reaffirmed an “outperform” rating and set a $170.00 price target on shares of McDonald's in a report on Tuesday, October 3rd. Royal Bank of Canada upped their price target on shares of McDonald's from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, October 13th. Finally, Longbow Research raised shares of McDonald's from a “neutral” rating to a “buy” rating and upped their price target for the stock from $154.05 to $183.00 in a report on Thursday, September 28th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. McDonald's presently has an average rating of “Buy” and an average price target of $178.88.
Shares of McDonald's (NYSE MCD) opened at $173.39 on Friday. McDonald's has a twelve month low of $119.82 and a twelve month high of $175.78. 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 $140,450.00, a P/E ratio of 25.02, a PEG ratio of 2.61 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 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the prior year, the firm posted $1.62 EPS. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. research analysts forecast that McDonald's will post 6.53 earnings per share for the current year.
In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the company’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 transaction, the insider now directly owns 49,778 shares in the company, valued at approximately $8,378,632.96. The sale 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 company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors boosted its stake in McDonald's by 85.4% during the fourth quarter. Capital World Investors now owns 30,881,418 shares of the fast-food giant’s stock worth $3,648,331,000 after acquiring an additional 14,226,904 shares in the last quarter. Norges Bank bought a new position in McDonald's during the fourth quarter worth $1,005,606,000. Jennison Associates LLC boosted its stake in McDonald's by 255.4% during the fourth quarter. Jennison Associates LLC now owns 7,780,691 shares of the fast-food giant’s stock worth $919,211,000 after acquiring an additional 5,591,608 shares in the last quarter. Janus Henderson Group PLC boosted its stake in McDonald's by 3,951.0% during the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after acquiring an additional 4,313,253 shares in the last quarter. Finally, FMR LLC boosted its stake in McDonald's by 72.9% during the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after acquiring an additional 3,530,622 shares in the last quarter. Hedge funds and other institutional investors own 67.28% of the company’s stock.
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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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