Goldman Sachs Group Inc Analysts Give McDonald’s Corporation (MCD) a $173.00 Price Target

McDonald’s Corporation (NYSE:MCD) received a $173.00 target price from equities researchers at Goldman Sachs Group Inc in a report released on Wednesday, November 8th. The brokerage presently has a “buy” rating on the fast-food giant’s stock. Goldman Sachs Group Inc’s price objective indicates a potential upside of 2.39% from the stock’s previous close.

Several other research firms have also recently commented on MCD. Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 price objective on shares of McDonald’s in a research report on Friday, October 6th. Nomura set a $180.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a research report on Wednesday, October 25th. Jefferies Group LLC reissued a “hold” rating and set a $140.00 price target on shares of McDonald’s in a research report on Wednesday, July 19th. Piper Jaffray Companies reissued a “buy” rating and set a $153.00 price target on shares of McDonald’s in a research report on Friday, July 14th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $180.00 price target (up from $175.00) on shares of McDonald’s in a research report on Wednesday, July 26th. Eleven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $169.96.

McDonald’s (MCD) traded down $0.15 on Wednesday, reaching $168.96. 2,082,510 shares of the company’s stock were exchanged, compared to its average volume of 3,456,960. McDonald’s has a 12-month low of $117.71 and a 12-month high of $170.92. The firm has a market cap of $134,812.13, a price-to-earnings ratio of 26.42, a PEG ratio of 2.77 and a beta of 0.67. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald’s had a net margin of 24.19% and a negative return on equity of 216.45%. The firm’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. equities analysts forecast that McDonald’s will post 6.52 earnings per share for the current fiscal year.

In other news, insider Stephen Easterbrook sold 171,577 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of the firm’s stock in a transaction on 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 transaction, the vice president now directly owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jennison Associates LLC grew its holdings in shares of McDonald’s by 681.3% during the second quarter. Jennison Associates LLC now owns 6,109,830 shares of the fast-food giant’s stock valued at $935,782,000 after buying an additional 5,327,778 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of McDonald’s by 3,951.0% during the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock valued at $677,339,000 after buying an additional 4,313,253 shares during the last quarter. FMR LLC grew its holdings in shares of McDonald’s by 72.9% during the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock valued at $1,282,229,000 after buying an additional 3,530,622 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of McDonald’s by 69.9% during the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock valued at $1,157,628,000 after purchasing an additional 3,110,669 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of McDonald’s by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after purchasing an additional 1,586,761 shares in the last quarter. Institutional investors own 67.95% of the company’s stock.

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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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