McDonald's (MCD) Given “Buy” Rating at Nomura

McDonald's (NYSE:MCD)‘s stock had its “buy” rating restated by research analysts at Nomura in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They currently have a $198.00 price objective on the fast-food giant’s stock, up from their previous price objective of $190.00. Nomura’s price objective points to a potential upside of 11.98% from the stock’s previous close.

Several other analysts also recently commented on the stock. Jefferies Group upgraded shares of McDonald's from a “hold” rating to a “buy” rating and upped their price target for the company from $150.00 to $200.00 in a research report on Tuesday, December 5th. Goldman Sachs Group set a $173.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank set a $185.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Thursday, October 26th. Credit Suisse Group upped their price target on shares of McDonald's from $170.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Barclays set a $193.00 price target on shares of McDonald's and gave the company a “buy” rating in a research report on Friday, December 8th. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $180.15.

McDonald's (NYSE MCD) traded up $0.60 during mid-day trading on Tuesday, reaching $176.81. 2,978,805 shares of the company traded hands, compared to its average volume of 2,900,000. McDonald's has a 1 year low of $119.82 and a 1 year high of $177.75. The stock has a market cap of $143,220.00, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 2.78 and a beta of 0.67. 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 (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. McDonald's’s revenue for the quarter was down 10.4% on a year-over-year basis. research analysts anticipate that McDonald's will post 6.53 EPS for the current year.

In other news, insider Stephen Easterbrook sold 171,577 shares of the company’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 of the company’s stock, valued at approximately $8,378,632.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the transaction, the vice president now directly owns 15,739 shares in the company, valued at $2,596,935. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Horan Capital Advisors LLC. acquired a new stake in McDonald's in the 3rd quarter valued at about $104,000. Phocas Financial Corp. acquired a new stake in McDonald's in the 2nd quarter valued at about $107,000. Proficio Capital Partners LLC grew its stake in McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after acquiring an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. grew its stake in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after acquiring an additional 360 shares during the last quarter. 67.30% of the stock is currently 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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