McDonald's (NYSE:MCD) received a $200.00 target price from investment analysts at Goldman Sachs Group in a report issued on Friday. The firm currently has a “buy” rating on the fast-food giant’s stock. Goldman Sachs Group’s price target suggests a potential upside of 13.56% from the company’s current price.
A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target for the company in a report on Thursday. Barclays reiterated an “overweight” rating and set a $205.00 price target (up from $193.00) on shares of McDonald's in a report on Tuesday. JPMorgan Chase & Co. set a $186.00 price target on McDonald's and gave the stock a “buy” rating in a report on Friday, January 12th. Cowen reiterated a “buy” rating and set a $200.00 price target on shares of McDonald's in a report on Friday, January 5th. Finally, SunTrust Banks set a $187.00 price target on McDonald's and gave the stock a “buy” rating in a report on Wednesday, January 3rd. 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. The company has a consensus rating of “Buy” and an average price target of $179.68.
McDonald's (NYSE MCD) traded up $1.55 during midday trading on Friday, reaching $176.12. The company had a trading volume of 3,687,695 shares, compared to its average volume of 2,860,000. The firm has a market capitalization of $142,660.00, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.76 and a beta of 0.67. McDonald's has a 1-year low of $119.82 and a 1-year high of $176.64. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.
McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Zacks’ 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%. McDonald's’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. sell-side analysts anticipate that McDonald's will post 6.53 earnings per share for the current year.
In related news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated 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 directly owns 15,739 shares in the company, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in MCD. Horan Capital Advisors LLC. bought a new position in shares of McDonald's during the 3rd quarter worth approximately $104,000. Phocas Financial Corp. bought a new position in shares of McDonald's during the 2nd quarter worth approximately $107,000. Proficio Capital Partners LLC lifted its position in shares of McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after buying an additional 5 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of McDonald's by 219.2% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock worth $130,000 after buying an additional 570 shares in the last quarter. Finally, Howe & Rusling Inc. lifted its position in shares of McDonald's by 75.0% during the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock worth $132,000 after buying an additional 360 shares in the last quarter. 67.30% of the stock is currently owned by institutional investors and hedge funds.
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.