McDonald's (NYSE:MCD) had its target price increased by equities researchers at Deutsche Bank to $190.00 in a report released on Wednesday. The firm presently has a “buy” rating on the fast-food giant’s stock. Deutsche Bank’s price target indicates a potential upside of 11.02% from the company’s current price.
A number of other equities research analysts have also recently commented on MCD. Sanford C. Bernstein restated an “outperform” rating and set a $195.00 target price (up previously from $180.00) on shares of McDonald's in a research note on Wednesday. JPMorgan Chase & Co. set a $184.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Wednesday. Bank of America set a $200.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets restated a “buy” rating and set a $190.00 target price on shares of McDonald's in a research note on Wednesday. Finally, Barclays decreased their target price on shares of McDonald's from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. McDonald's presently has an average rating of “Buy” and an average price target of $183.42.
Shares of McDonald's (NYSE:MCD) traded down $1.34 during trading hours on Wednesday, hitting $171.14. 7,000,000 shares of the stock traded hands, compared to its average volume of 3,350,000. McDonald's has a 52-week low of $121.70 and a 52-week high of $178.70. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The company has a market cap of $138,620.00, a PE ratio of 26.91, a PEG ratio of 2.80 and a beta of 0.67.
In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.24% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Proficio Capital Partners LLC grew its holdings in shares of McDonald's by 0.7% in the second 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 in the last quarter. AlphaMark Advisors LLC boosted its stake in McDonald's by 0.4% during the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after buying an additional 5 shares during the period. Highland Private Wealth Management boosted its stake in McDonald's by 0.3% during the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock worth $335,000 after buying an additional 6 shares during the period. Winch Advisory Services LLC boosted its stake in McDonald's by 0.4% during the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock worth $245,000 after buying an additional 7 shares during the period. Finally, Valmark Advisers Inc. boosted its stake in McDonald's by 0.3% during the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock worth $365,000 after buying an additional 8 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.
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About McDonald's
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.
