McDonald's (NYSE:MCD) had its target price dropped by Barclays from $205.00 to $200.00 in a note issued to investors on Wednesday. The brokerage currently has an “overweight” rating on the fast-food giant’s stock. Barclays’ price objective would suggest a potential upside of 16.89% from the company’s current price.
A number of other brokerages have also issued reports on MCD. Bank of America set a $200.00 price objective on shares of McDonald's and gave the company a “buy” rating in a report on Monday. Credit Suisse Group reiterated an “outperform” rating and issued a $191.00 price objective (up previously from $185.00) on shares of McDonald's in a report on Tuesday, January 23rd. Nomura reiterated a “buy” rating and issued a $198.00 price objective (up previously from $190.00) on shares of McDonald's in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a report on Thursday, January 18th. Finally, Goldman Sachs Group set a $200.00 price objective on shares of McDonald's and gave the company a “buy” rating in a report on Friday, January 19th. 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 stock presently has a consensus rating of “Buy” and a consensus target price of $183.25.
McDonald's (NYSE:MCD) traded down $1.38 on Wednesday, hitting $171.10. 3,774,722 shares of the stock were exchanged, compared to its average volume of 3,605,720. McDonald's has a one year low of $121.70 and a one year high of $178.70. 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 cap of $141,715.69, a P/E ratio of 24.77, a P/E/G ratio of 2.80 and a beta of 0.67.
In related news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction 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 sale, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board boosted its holdings in McDonald's by 1.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock worth $68,805,000 after acquiring an additional 4,300 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in McDonald's by 10.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after acquiring an additional 44,899 shares during the last quarter. Tredje AP fonden raised its stake in shares of McDonald's by 26.7% during the 2nd quarter. Tredje AP fonden now owns 120,490 shares of the fast-food giant’s stock worth $18,454,000 after purchasing an additional 25,380 shares during the period. Beaton Management Co. Inc. bought a new stake in shares of McDonald's during the 2nd quarter worth $555,000. Finally, Buckingham Asset Management LLC raised its stake in shares of McDonald's by 157.5% during the 2nd quarter. Buckingham Asset Management LLC now owns 18,973 shares of the fast-food giant’s stock worth $2,906,000 after purchasing an additional 11,604 shares during the period. 67.31% of the stock is 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.
