Royal Bank of Canada Analysts Give McDonald's (MCD) a $190.00 Price Target

McDonald's (NYSE:MCD) has been assigned a $190.00 price objective by investment analysts at Royal Bank of Canada in a report released on Wednesday. The firm presently has a “buy” rating on the fast-food giant’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 10.39% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Longbow Research raised shares of McDonald's from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $154.05 to $183.00 in a research report on Thursday, September 28th. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Tuesday, September 26th. Credit Suisse Group set a $170.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a research report on Wednesday, September 20th. Sanford C. Bernstein set a $180.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Finally, Mizuho reissued a “buy” rating and issued a $173.00 price objective (up previously from $170.00) on shares of McDonald's in a research report on Wednesday, September 13th. Ten research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $175.62.

McDonald's (NYSE MCD) traded down $0.98 during trading hours on Wednesday, reaching $172.12. 2,201,758 shares of the company’s stock were exchanged, compared to its average volume of 3,421,767. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. The stock has a market capitalization of $137,650.03, a P/E ratio of 24.84, a P/E/G ratio of 2.82 and a beta of 0.67. McDonald's has a 12 month low of $118.18 and a 12 month high of $175.78.

McDonald's (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.01. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. research analysts anticipate that McDonald's will post 6.53 earnings per share for the current year.

In other news, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the transaction, the vice president now directly owns 15,739 shares in the company, valued at approximately $2,596,935. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Horan Capital Advisors LLC. bought a new stake in McDonald's in the 3rd quarter valued at about $104,000. Phocas Financial Corp. bought a new stake in McDonald's in the 2nd quarter valued at about $107,000. Proficio Capital Partners LLC lifted its position in McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after purchasing an additional 570 shares during the last quarter. Finally, Howe & Rusling Inc. lifted its position in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 67.27% of the company’s stock.

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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.