McDonald’s Corporation (NYSE:MCD)‘s stock had its “buy” rating reissued by equities research analysts at Instinet in a note issued to investors on Friday. They presently have a $172.00 price target on the fast-food giant’s stock, up from their previous price target of $161.00. Instinet’s price target would indicate a potential upside of 11.75% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the company. UBS AG set a $143.00 price objective on McDonald’s Corporation and gave the company a “neutral” rating in a research note on Wednesday, April 26th. Sanford C. Bernstein raised McDonald’s Corporation from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $129.00 to $160.00 in a research note on Tuesday, April 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $159.00 price objective on shares of McDonald’s Corporation in a research note on Thursday, April 27th. Argus raised McDonald’s Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.84 to $158.00 in a research note on Thursday, April 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $140.00 price objective on shares of McDonald’s Corporation in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the stock. McDonald’s Corporation presently has a consensus rating of “Buy” and a consensus target price of $156.08.
McDonald’s Corporation (MCD) opened at 153.92 on Friday. The company’s 50-day moving average price is $153.30 and its 200-day moving average price is $136.92. The stock has a market cap of $125.46 billion, a PE ratio of 27.17 and a beta of 0.70. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $156.75.
McDonald’s Corporation (NYSE:MCD) last posted its earnings results on Tuesday, April 25th. The fast-food giant reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.14. The company had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.53 billion. McDonald’s Corporation had a negative return on equity of 387.22% and a net margin of 19.58%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 earnings per share. On average, equities analysts expect that McDonald’s Corporation will post $6.41 EPS for the current fiscal year.
In related news, VP James R. Sappington sold 13,912 shares of the business’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $141.39, for a total value of $1,967,017.68. Following the transaction, the vice president now owns 14,608 shares in the company, valued at approximately $2,065,425.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in MCD. Norges Bank acquired a new position in McDonald’s Corporation during the fourth quarter valued at about $960,307,000. Janus Capital Management LLC boosted its position in McDonald’s Corporation by 0.3% in the fourth quarter. Janus Capital Management LLC now owns 4,769,935 shares of the fast-food giant’s stock valued at $580,597,000 after buying an additional 13,474 shares during the last quarter. Legal & General Group Plc boosted its position in McDonald’s Corporation by 4.6% in the first quarter. Legal & General Group Plc now owns 4,241,304 shares of the fast-food giant’s stock valued at $549,720,000 after buying an additional 187,324 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in McDonald’s Corporation by 4.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,882,107 shares of the fast-food giant’s stock valued at $503,160,000 after buying an additional 174,209 shares during the last quarter. Finally, Swiss National Bank boosted its position in McDonald’s Corporation by 18.0% in the first quarter. Swiss National Bank now owns 3,653,548 shares of the fast-food giant’s stock valued at $473,536,000 after buying an additional 558,300 shares during the last quarter. Institutional investors own 67.60% of the company’s stock.
About McDonald’s Corporation
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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