McDonald's (NYSE:MCD) has been given a $184.00 price target by investment analysts at JPMorgan Chase & Co. in a report released on Wednesday. The brokerage currently has a “buy” rating on the fast-food giant’s stock. JPMorgan Chase & Co.’s target price points to a potential upside of 7.51% from the company’s current price.
Other analysts also recently issued research reports about the stock. Deutsche Bank set a $185.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Friday, October 20th. Barclays set a $182.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Wednesday, October 18th. Argus restated a “buy” rating on shares of McDonald's in a report on Tuesday, October 17th. Nomura set a $183.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Goldman Sachs Group set a $172.00 price target on shares of McDonald's and gave the stock a “buy” rating in a report on Friday, October 13th. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $183.42.
McDonald's (MCD) traded down $1.34 during mid-day trading on Wednesday, reaching $171.14. 7,002,919 shares of the company’s stock were exchanged, compared to its average volume of 3,350,000. The firm has a market cap of $138,620.00, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 2.80 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's has a 12 month low of $121.70 and a 12 month high of $178.70.
In related news, insider Stephen Easterbrook sold 171,577 shares of McDonald's stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total value of $28,879,840.64. Following the completion of the sale, the insider now owns 49,778 shares in the company, valued at approximately $8,378,632.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Miles Capital Inc. purchased a new position in McDonald's in the 4th quarter valued at approximately $203,000. Dean Capital Investments Management LLC purchased a new position in McDonald's in the 4th quarter valued at approximately $299,000. Horan Capital Management purchased a new position in McDonald's in the 4th quarter valued at approximately $110,000. Mutual of America Capital Management LLC boosted its position in McDonald's by 0.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 100,108 shares of the fast-food giant’s stock valued at $17,231,000 after buying an additional 867 shares during the period. Finally, Resources Investment Advisors Inc. boosted its position in McDonald's by 102.4% in the 4th quarter. Resources Investment Advisors Inc. now owns 4,111 shares of the fast-food giant’s stock valued at $707,000 after buying an additional 2,080 shares during the period. 67.31% of the stock is owned by institutional investors.
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.
