McDonald's (NYSE:MCD) received a $191.00 price objective from investment analysts at Credit Suisse Group in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the fast-food giant’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 10.74% from the stock’s previous close.
MCD has been the subject of a number of other research reports. ValuEngine cut shares of McDonald's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Goldman Sachs Group set a $180.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Robert W. Baird reaffirmed an “outperform” rating and set a $170.00 price objective on shares of McDonald's in a research report on Tuesday, October 3rd. Royal Bank of Canada increased their price objective on shares of McDonald's from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, October 13th. Finally, BMO Capital Markets set a $175.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $182.15.
Shares of McDonald's (NYSE MCD) traded down $5.29 during midday trading on Tuesday, hitting $172.48. 9,393,230 shares of the stock were exchanged, compared to its average volume of 3,602,143. The firm has a market cap of $139,710.00, a P/E ratio of 24.89, a P/E/G ratio of 2.81 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. McDonald's has a fifty-two week low of $121.70 and a fifty-two week high of $178.70.
In other McDonald's news, 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC acquired a new stake in shares of McDonald's in the 2nd quarter valued at $153,000. Financial & Investment Management Group Ltd. acquired a new stake in shares of McDonald's in the 2nd quarter valued at $664,000. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of McDonald's by 1.3% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,795 shares of the fast-food giant’s stock valued at $1,347,000 after purchasing an additional 117 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in shares of McDonald's by 511.7% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 135,774 shares of the fast-food giant’s stock valued at $20,795,000 after purchasing an additional 113,579 shares in the last quarter. Finally, Ledyard National Bank raised its holdings in shares of McDonald's by 3.0% in the 2nd quarter. Ledyard National Bank now owns 6,044 shares of the fast-food giant’s stock valued at $926,000 after purchasing an additional 175 shares in the last quarter. 67.31% of the stock is owned by 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.
