McDonald's (NYSE:MCD) has been given a $200.00 target price by investment analysts at Goldman Sachs Group in a report issued on Tuesday. The firm currently has a “buy” rating on the fast-food giant’s stock. Goldman Sachs Group’s target price suggests a potential upside of 16.21% from the stock’s previous close.
MCD has been the subject of several other research reports. ValuEngine lowered McDonald's from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Robert W. Baird reissued 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 boosted their price target on McDonald's from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, October 13th. BMO Capital Markets set a $175.00 price objective on McDonald's and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $191.00 price objective (up previously from $185.00) on shares of McDonald's in a research note on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $180.98.
McDonald's (NYSE:MCD) traded down $5.67 during trading hours on Tuesday, reaching $172.10. The company’s stock had a trading volume of 6,847,181 shares, compared to its average volume of 3,460,506. McDonald's has a twelve month low of $121.70 and a twelve month high of $178.70. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The company has a market capitalization of $139,270.00, a price-to-earnings ratio of 24.83, a PEG ratio of 2.81 and a beta of 0.67.
In other news, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the transaction, 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 is available at this link. Corporate insiders own 0.24% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of McDonald's by 1.6% during the second quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock valued at $8,776,174,000 after buying an additional 906,303 shares during the last quarter. BlackRock Inc. grew its stake in shares of McDonald's by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after buying an additional 1,586,761 shares during the last quarter. Capital World Investors grew its stake in shares of McDonald's by 2.8% during the second quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock valued at $3,413,646,000 after buying an additional 606,232 shares during the last quarter. Capital Research Global Investors grew its stake in shares of McDonald's by 15.0% during the second quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock valued at $1,846,905,000 after buying an additional 1,572,074 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of McDonald's by 3.1% during the second quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock valued at $1,812,747,000 after buying an additional 360,212 shares during 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.
