McDonald's (NYSE:MCD) had its price objective upped by stock analysts at Citigroup from $167.00 to $176.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “neutral” rating on the fast-food giant’s stock. Citigroup’s price objective suggests a potential upside of 7.84% from the stock’s current price.
MCD has been the topic of a number of other research reports. Bank of America set a $200.00 target price on McDonald's and gave the stock a “buy” rating in a report on Monday, January 29th. Credit Suisse Group reaffirmed an “outperform” rating and set a $191.00 target price (up previously from $185.00) on shares of McDonald's in a report on Tuesday, January 23rd. Nomura reaffirmed a “buy” rating and set a $198.00 target price (up previously from $190.00) on shares of McDonald's in a report on Tuesday, January 23rd. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $196.00 target price on the stock in a report on Thursday, January 18th. Finally, Goldman Sachs Group set a $200.00 target price on McDonald's and gave the stock 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 given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $184.95.
Shares of McDonald's (MCD) traded down $0.64 during midday trading on Tuesday, reaching $163.21. The company’s stock had a trading volume of 3,950,000 shares, compared to its average volume of 3,610,000. McDonald's has a 12-month low of $123.95 and a 12-month 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 $132,200.00, a price-to-earnings ratio of 25.66, a PEG ratio of 2.50 and a beta of 0.59.
McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.12. McDonald's had a negative return on equity of 217.17% and a net margin of 22.75%. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter last year, the firm earned $1.44 EPS. McDonald's’s quarterly revenue was down 11.4% on a year-over-year basis. equities analysts anticipate that McDonald's will post 7.54 EPS for the current year.
In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total transaction of $5,999,799.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the sale, the vice president now directly owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. In the last three months, insiders sold 207,550 shares of company stock worth $35,118,055. Company insiders own 0.24% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board increased its position in shares of 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 valued at $68,805,000 after purchasing an additional 4,300 shares during the period. Teacher Retirement System of Texas increased its position in shares of 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 valued at $71,558,000 after purchasing an additional 44,899 shares during the period. Tredje AP fonden increased its position 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 valued at $18,454,000 after purchasing an additional 25,380 shares during the period. Beaton Management Co. Inc. acquired a new position in shares of McDonald's during the 2nd quarter valued at $555,000. Finally, Buckingham Asset Management LLC increased its position 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 valued at $2,906,000 after purchasing an additional 11,604 shares during the period. 67.53% of the stock is currently owned by hedge funds and other institutional investors.
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.