McDonald's (NYSE:MCD) has been assigned a $190.00 price target by stock analysts at BMO Capital Markets in a report released on Monday. The brokerage presently has a “buy” rating on the fast-food giant’s stock. BMO Capital Markets’ target price points to a potential upside of 20.00% from the company’s previous close.
Several other equities analysts have also recently issued reports on MCD. JPMorgan Chase & Co. set a $182.00 target price on McDonald's and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $170.00 target price on shares of McDonald's in a research report on Monday. Credit Suisse Group reiterated an “outperform” rating and set a $175.00 target price (down previously from $191.00) on shares of McDonald's in a research report on Tuesday, March 6th. Zacks Investment Research cut McDonald's from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Bank of America set a $180.00 target price on McDonald's and gave the stock a “buy” rating in a research report on Monday, March 5th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. McDonald's currently has a consensus rating of “Buy” and a consensus price target of $183.02.
Shares of McDonald's (NYSE:MCD) traded up $1.09 during midday trading on Monday, reaching $158.33. The company’s stock had a trading volume of 2,969,136 shares, compared to its average volume of 4,839,263. The stock has a market cap of $125,460.00, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 2.36 and a beta of 0.65. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82. McDonald's has a 12 month low of $127.35 and a 12 month high of $178.70.
In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of the 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 document filed with the SEC, which is available at this link. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total value of $238,414.92. Following the transaction, 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. 0.24% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of McDonald's by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after buying an additional 906,303 shares during the period. BlackRock Inc. increased its holdings in McDonald's by 0.9% in the 4th quarter. BlackRock Inc. now owns 55,535,177 shares of the fast-food giant’s stock valued at $9,558,713,000 after purchasing an additional 481,739 shares in the last quarter. Capital World Investors increased its holdings in McDonald's by 2.8% in the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock valued at $3,413,646,000 after purchasing an additional 606,232 shares in the last quarter. Capital Research Global Investors increased its holdings in McDonald's by 15.0% in the 2nd 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 purchasing an additional 1,572,074 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in McDonald's by 3.1% in the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock valued at $1,812,747,000 after purchasing an additional 360,212 shares in the last quarter. 68.59% of the stock is currently 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.
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