McDonald’s Corporation (NYSE:MCD)‘s stock had its “neutral” rating reissued by research analysts at Longbow Research in a research report issued on Saturday, July 22nd.
A number of other research firms have also recently weighed in on MCD. BTIG Research upped their target price on shares of McDonald’s Corporation from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, June 29th. Barclays PLC upped their price objective on shares of McDonald’s Corporation from $139.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price objective (up from $160.00) on shares of McDonald’s Corporation in a research note on Thursday, May 25th. Piper Jaffray Companies reissued a “buy” rating and set a $153.00 price target on shares of McDonald’s Corporation in a research note on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $140.00 price target on shares of McDonald’s Corporation in a research note on Wednesday, July 19th. Thirteen research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $162.16.
McDonald’s Corporation (NYSE:MCD) opened at 156.62 on Friday. The firm has a market capitalization of $127.66 billion, a P/E ratio of 25.64 and a beta of 0.70. McDonald’s Corporation has a 52 week low of $110.33 and a 52 week high of $159.98. The firm has a 50-day moving average price of $154.78 and a 200-day moving average price of $140.35.
McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.96 billion. McDonald’s Corporation had a net margin of 21.00% and a negative return on equity of 264.89%. The firm’s revenue for the quarter 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. Equities analysts forecast that McDonald’s Corporation will post $6.55 EPS for the current year.
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In other news, CFO Kevin M. Ozan sold 25,322 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The shares were 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 accessible through this hyperlink. Also, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The disclosure for this sale can be found here. In the last three months, insiders sold 54,363 shares of company stock valued at $8,615,125. Insiders own 0.24% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Parallel Advisors LLC acquired a new stake in shares of McDonald’s Corporation during the fourth quarter valued at $796,000. Menta Capital LLC acquired a new stake in shares of McDonald’s Corporation during the fourth quarter valued at $3,926,000. Tyers Asset Management LLC acquired a new stake in shares of McDonald’s Corporation during the fourth quarter valued at $4,451,000. Envestnet Asset Management Inc. boosted its stake in shares of McDonald’s Corporation by 10.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 263,140 shares of the fast-food giant’s stock valued at $32,029,000 after buying an additional 25,450 shares during the period. Finally, Zurich Insurance Group Ltd FI boosted its stake in shares of McDonald’s Corporation by 21.1% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 135,024 shares of the fast-food giant’s stock valued at $16,435,000 after buying an additional 23,547 shares during the period. Institutional investors and hedge funds own 67.52% 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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