Mcdonald’s (NYSE:MCD) had its target price increased by analysts at Stifel Nicolaus from $190.00 to $200.00 in a research note issued on Friday, The Fly reports. The firm presently has a “hold” rating on the fast-food giant’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 2.58% from the stock’s current price. The analysts noted that the move was a valuation call.
Other research analysts have also recently issued research reports about the stock. Longbow Research cut shares of Mcdonald’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $200.00 to $197.00 in a report on Wednesday, May 1st. They noted that the move was a valuation call. BTIG Research increased their target price on shares of Mcdonald’s to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. SunTrust Banks increased their target price on shares of Mcdonald’s to $230.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Bank of America increased their target price on shares of Mcdonald’s from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, UBS Group increased their target price on shares of Mcdonald’s from $185.00 to $203.00 and gave the stock a “neutral” rating in a report on Tuesday. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $205.36.
MCD stock opened at $205.29 on Friday. The stock has a market capitalization of $156.14 billion, a PE ratio of 25.99, a P/E/G ratio of 2.86 and a beta of 0.50. Mcdonald’s has a 12 month low of $153.13 and a 12 month high of $206.39.
Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.94 billion. Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $1.79 EPS. On average, equities research analysts forecast that Mcdonald’s will post 8.04 EPS for the current fiscal year.
In other Mcdonald’s news, insider Ian Frederick Borden sold 4,149 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $199.22, for a total transaction of $826,563.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin M. Ozan sold 40,930 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $195.90, for a total transaction of $8,018,187.00. Following the sale, the chief financial officer now directly owns 42,647 shares of the company’s stock, valued at approximately $8,354,547.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,449 shares of company stock valued at $20,458,931. 0.25% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Mackey Komara & Dankovich LLC acquired a new stake in Mcdonald’s during the 1st quarter valued at approximately $29,000. Ruggie Capital Group increased its position in Mcdonald’s by 3,020.0% during the 4th quarter. Ruggie Capital Group now owns 156 shares of the fast-food giant’s stock valued at $28,000 after purchasing an additional 151 shares during the period. Gantzert Investment Co. LLC ADV acquired a new stake in Mcdonald’s during the 4th quarter valued at approximately $31,000. Aspire Private Capital LLC acquired a new stake in shares of Mcdonald’s during the 4th quarter worth approximately $32,000. Finally, Focused Wealth Management Inc grew its position in shares of Mcdonald’s by 4,500.0% during the 4th quarter. Focused Wealth Management Inc now owns 184 shares of the fast-food giant’s stock worth $33,000 after buying an additional 180 shares during the period. 67.76% of the stock is owned by institutional investors and hedge funds.
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.
Featured Article: Holder of Record
Receive News & Ratings for Mcdonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mcdonald's and related companies with MarketBeat.com's FREE daily email newsletter.