McDonald’s Corporation (NYSE:MCD) has been given a $172.00 price objective by analysts at Nomura in a report issued on Wednesday, July 19th. The firm presently has a “buy” rating on the fast-food giant’s stock. Nomura’s target price indicates a potential upside of 10.36% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada set a $170.00 price objective on McDonald’s Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. Vetr raised McDonald’s Corporation from a “sell” rating to a “buy” rating and set a $145.38 price objective for the company in a research report on Tuesday, April 18th. Zacks Investment Research upgraded McDonald’s Corporation from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a research note on Tuesday, June 27th. Credit Suisse Group restated an “outperform” rating and issued a $157.00 target price (up from $137.00) on shares of McDonald’s Corporation in a research note on Saturday, April 29th. Finally, Barclays PLC upped their target price on McDonald’s Corporation from $139.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have issued a buy rating to the company. McDonald’s Corporation currently has an average rating of “Buy” and an average price target of $161.74.
McDonald’s Corporation (MCD) traded down 0.70% during trading on Wednesday, reaching $155.85. 3,964,456 shares of the company were exchanged. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $159.98. The firm has a market capitalization of $127.03 billion, a PE ratio of 25.51 and a beta of 0.70. The stock has a 50 day moving average price of $153.88 and a 200 day moving average price of $138.34.
McDonald’s Corporation (NYSE:MCD) last announced its earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a negative return on equity of 266.50% and a net margin of 21.00%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. On average, analysts expect that McDonald’s Corporation will post $6.52 EPS for the current fiscal year.
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In other McDonald’s Corporation news, CFO Kevin M. Ozan sold 25,322 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $4,013,537.00. Following the completion of the transaction, the chief financial officer now owns 24,039 shares of the company’s stock, valued at approximately $3,810,181.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Douglas M. Goare sold 17,286 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $158.50, for a total value of $2,739,831.00. The disclosure for this sale can be found here. Insiders have sold a total of 54,363 shares of company stock valued at $8,615,125 in the last three months. 0.24% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Zions Bancorporation raised its stake in McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 6 shares during the last quarter. Diversified Trust Co raised its stake in McDonald’s Corporation by 0.3% in the first quarter. Diversified Trust Co now owns 1,986 shares of the fast-food giant’s stock valued at $257,000 after buying an additional 6 shares during the last quarter. D Orazio & Associates Inc. raised its stake in McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock valued at $133,000 after buying an additional 8 shares during the last quarter. Catawba Capital Management VA raised its stake in McDonald’s Corporation by 0.3% in the first quarter. Catawba Capital Management VA now owns 2,950 shares of the fast-food giant’s stock valued at $382,000 after buying an additional 9 shares during the last quarter. Finally, Van Cleef Asset Management Inc raised its stake in McDonald’s Corporation by 0.4% in the first quarter. Van Cleef Asset Management Inc now owns 2,550 shares of the fast-food giant’s stock valued at $331,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 67.66% 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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