McDonald's (MCD) Given a $200.00 Price Target by Bank of America Analysts

McDonald's (NYSE:MCD) has been given a $200.00 price target by Bank of America in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the fast-food giant’s stock. Bank of America’s price target suggests a potential upside of 15.96% from the company’s previous close.

MCD has been the topic of several other reports. Wells Fargo & Co set a $185.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Royal Bank of Canada set a $190.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Thursday, December 21st. Deutsche Bank set a $185.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Friday, October 20th. Canaccord Genuity reissued a “hold” rating and set a $170.00 target price on shares of McDonald's in a research note on Friday, October 6th. Finally, Goldman Sachs Group set a $200.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Friday, January 19th. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. McDonald's currently has a consensus rating of “Buy” and a consensus price target of $182.15.

McDonald's (MCD) traded down $5.29 during trading hours on Monday, hitting $172.48. 9,426,895 shares of the stock were exchanged, compared to its average volume of 3,120,000. 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 has a 12 month low of $121.70 and a 12 month high of $178.70. The company has a market cap of $139,710.00, a price-to-earnings ratio of 24.89, a P/E/G ratio of 2.81 and a beta of 0.67.

McDonald's (NYSE:MCD) last issued its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The business 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 revenue was down 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share. equities analysts expect that McDonald's will post 6.53 EPS for the current year.

In other news, insider Stephen Easterbrook sold 171,577 shares of the 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 completion of the sale, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Horan Capital Advisors LLC. purchased a new stake in McDonald's during the third quarter worth about $104,000. Phocas Financial Corp. purchased a new stake in McDonald's during the second quarter worth about $107,000. Tarbox Family Office Inc. increased its holdings in McDonald's by 105.8% during the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after buying an additional 328 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in McDonald's by 0.7% during the second 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 during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in McDonald's by 219.2% during the third 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 during the last quarter. Institutional investors own 67.31% of the company’s stock.

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About McDonald's

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.