McDonald’s (NYSE:MCD) Stock Price Target Lowered at Mizuho

McDonald’s (NYSE:MCD) had its price target decreased by investment analysts at Mizuho from $290.00 to $260.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the fast-food giant’s stock. Mizuho‘s price target suggests a potential upside of 1.04% from the company’s previous close.

Several other brokerages have also issued reports on MCD. HSBC reduced their target price on McDonald’s from $357.00 to $356.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Evercore dropped their price target on McDonald’s from $320.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. HC Wainwright set a $250.00 price target on McDonald’s in a research note on Friday, September 25th. Royal Bank Of Canada cut their price objective on shares of McDonald’s from $290.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, September 24th. Finally, Seaport Research Partners started coverage on shares of McDonald’s in a research report on Wednesday, September 16th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $294.73.

McDonald’s Trading Up 2.7%

Shares of MCD stock opened at $257.34 on Friday. The business’s fifty day simple moving average is $248.49 and its 200-day simple moving average is $283.68. The company has a market cap of $182.10 billion, a PE ratio of 20.90, a PEG ratio of 2.86 and a beta of 0.44. McDonald’s has a 12-month low of $229.20 and a 12-month high of $341.75.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, beating the consensus estimate of $3.32 by $0.06. The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.13 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.19 EPS. On average, equities analysts forecast that McDonald’s will post 12.83 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. GKV Capital Management Co. Inc. purchased a new stake in shares of McDonald’s in the 1st quarter valued at $33,000. Burkett Financial Services LLC raised its holdings in shares of McDonald’s by 2,312.5% during the third quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock worth $45,000 after purchasing an additional 185 shares during the last quarter. POM Investment Strategies LLC raised its holdings in shares of McDonald’s by 46.2% during the second quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock worth $47,000 after purchasing an additional 55 shares during the last quarter. Westfuller Advisors LLC lifted its position in McDonald’s by 140.0% during the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock valued at $49,000 after purchasing an additional 105 shares during the period. Finally, Mountain Hill Investment Partners Corp. lifted its position in McDonald’s by 777.8% during the third quarter. Mountain Hill Investment Partners Corp. now owns 237 shares of the fast-food giant’s stock valued at $55,000 after purchasing an additional 210 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s stock advanced even as the broader market declined. Reuters noted that the shares have fallen about 18% this year, suggesting that investors may view the stock as oversold and positioned for a recovery. Mapping the Market: Beaten-down McDonald’s stock may be ripe for a rally
• Positive Sentiment: McDonald’s is bringing back Pokémon Happy Meals in November, featuring 15 collectible toys and trading cards. The high-profile collaboration could increase family visits and promotional sales, although the financial impact is not yet quantified. Pokémon Happy Meals Are Coming Back to McDonald’s
• Positive Sentiment: New seasonal drinks, a limited-time $8 Quarter Pounder meal, and the returning McRib give McDonald’s multiple value and holiday offerings that could help stimulate traffic during the important year-end selling period. McDonald’s adds new holiday drinks to menu

McDonald’s Company Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.