McDonald's (MCD) Given a $190.00 Price Target by Royal Bank of Canada Analysts

McDonald's (NYSE:MCD) has been assigned a $190.00 price objective by analysts at Royal Bank of Canada in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the fast-food giant’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 10.16% from the company’s previous close.

A number of other research firms have also commented on MCD. Canaccord Genuity restated a “hold” rating and issued a $170.00 price objective on shares of McDonald's in a research note on Friday, October 6th. Nomura set a $180.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective on the stock in a research note on Thursday, January 18th. Stifel Nicolaus set a $172.00 target price on shares of McDonald's and gave the company a “neutral” rating in a report on Wednesday, January 3rd. Finally, Piper Jaffray Companies lifted their target price on shares of McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, December 14th. Nine investment 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 an average rating of “Buy” and an average price target of $182.15.

McDonald's (NYSE:MCD) traded down $5.29 during midday trading on Tuesday, reaching $172.48. 9,393,230 shares of the company’s stock were exchanged, compared to its average volume of 3,602,143. 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 capitalization of $139,710.00, a price-to-earnings ratio of 24.89, a PEG ratio of 2.81 and a beta of 0.67. McDonald's has a one year low of $121.70 and a one year high of $178.70.

McDonald's (NYSE:MCD) last posted its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. McDonald's’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.44 earnings per share. research analysts anticipate that McDonald's will post 6.53 EPS for the current year.

In related news, insider Stephen Easterbrook sold 171,577 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Horan Capital Advisors LLC. purchased a new stake in shares of McDonald's in the third quarter valued at about $104,000. Phocas Financial Corp. purchased a new stake in shares of McDonald's in the second quarter valued at about $107,000. Tarbox Family Office Inc. lifted its holdings in shares of McDonald's by 105.8% in the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after purchasing an additional 328 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of McDonald's by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of McDonald's by 219.2% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after purchasing an additional 570 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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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.