MCD Stock: McDonald’s Given a $172.00 Price Target at Stifel Nicolaus

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McDonald’s (NYSE:MCD) has been given a $172.00 price objective by Stifel Nicolaus in a research report issued to clients and investors on Wednesday, January 3rd. The firm presently has a “neutral” rating on the fast-food giant’s stock. Stifel Nicolaus’ price target would suggest a potential downside of 0.98% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Mizuho reiterated a “buy” rating and issued a $173.00 price objective (up previously from $170.00) on shares of McDonald’s in a research note on Wednesday, September 13th. Jefferies Group upgraded shares of McDonald’s from a “hold” rating to a “buy” rating and raised their price target for the company from $150.00 to $200.00 in a research report on Tuesday, December 5th. Goldman Sachs Group set a $173.00 price target on shares of McDonald’s and gave the company a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank set a $185.00 price target on shares of McDonald’s and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Royal Bank of Canada restated a “buy” rating and set a $175.00 price target on shares of McDonald’s in a research report on Friday, September 8th. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $178.52.

Shares of McDonald’s (NYSE:MCD) traded up $0.20 during trading on Wednesday, reaching $173.71. 464,418 shares of the company’s stock were exchanged, compared to its average volume of 3,050,000. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. McDonald’s has a twelve month low of $119.73 and a twelve month high of $175.78. The firm has a market cap of $140,700.00, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the prior year, the business posted $1.62 EPS. McDonald’s’s revenue for the quarter was down 10.4% compared to the same quarter last year. equities research analysts anticipate that McDonald’s will post 6.53 EPS for the current fiscal year.

In other McDonald’s news, insider Stephen Easterbrook sold 171,577 shares of McDonald’s stock in a transaction dated 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 in the company, valued at $8,378,632.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of McDonald’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Congress Asset Management Co. MA grew its holdings in shares of McDonald’s by 1.4% in the first quarter. Congress Asset Management Co. MA now owns 330,884 shares of the fast-food giant’s stock valued at $42,886,000 after purchasing an additional 4,471 shares in the last quarter. Madison Investment Holdings Inc. lifted its stake in McDonald’s by 1.8% in the first quarter. Madison Investment Holdings Inc. now owns 166,203 shares of the fast-food giant’s stock worth $21,542,000 after acquiring an additional 2,996 shares during the last quarter. Argent Capital Management LLC lifted its stake in McDonald’s by 0.7% in the first quarter. Argent Capital Management LLC now owns 94,175 shares of the fast-food giant’s stock worth $12,206,000 after acquiring an additional 686 shares during the last quarter. Comerica Securities Inc. lifted its stake in McDonald’s by 12.3% in the first quarter. Comerica Securities Inc. now owns 6,722 shares of the fast-food giant’s stock worth $871,000 after acquiring an additional 738 shares during the last quarter. Finally, SNS Financial Group LLC purchased a new position in McDonald’s in the first quarter worth approximately $451,000. Institutional investors and hedge funds own 67.28% of the company’s stock.

McDonald’s Company Profile

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.

Analyst Recommendations for McDonald's (NYSE:MCD)

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