McDonald’s Corporation (NYSE:MCD) has been assigned a $173.00 price target by analysts at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Wednesday, November 8th. The brokerage presently has a “buy” rating on the fast-food giant’s stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential upside of 2.48% from the company’s current price.
MCD has been the subject of several other research reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $170.00 price objective on shares of McDonald’s Corporation in a research note on Friday, October 6th. Nomura set a $180.00 target price on McDonald’s Corporation and gave the company a “buy” rating in a research report on Wednesday, October 25th. Jefferies Group LLC reissued a “hold” rating and issued a $140.00 price objective on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Piper Jaffray Companies restated a “buy” rating and issued a $153.00 target price on shares of McDonald’s Corporation in a research report on Friday, July 14th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $180.00 target price (up from $175.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $169.96.
Shares of McDonald’s Corporation (MCD) traded up $1.88 during trading on Wednesday, hitting $168.81. 768,430 shares of the company were exchanged, compared to its average volume of 3,481,111. McDonald’s Corporation has a 1-year low of $117.71 and a 1-year high of $170.92. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of -8.17. The firm has a market cap of $136,280.00, a PE ratio of 26.05, a P/E/G ratio of 2.73 and a beta of 0.67.
McDonald’s Corporation (NYSE:MCD) last issued its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 earnings per share. equities analysts predict that McDonald’s Corporation will post 6.52 EPS for the current year.
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In other news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the sale, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.24% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of MCD. GSA Capital Partners LLP acquired a new stake in shares of McDonald’s Corporation in the 3rd quarter worth approximately $1,517,000. Truepoint Inc. lifted its stake in shares of McDonald’s Corporation by 11,583.9% in the 3rd quarter. Truepoint Inc. now owns 156,915 shares of the fast-food giant’s stock worth $157,000 after acquiring an additional 155,572 shares during the period. Smith Shellnut Wilson LLC ADV lifted its stake in shares of McDonald’s Corporation by 23.4% in the 3rd quarter. Smith Shellnut Wilson LLC ADV now owns 2,482 shares of the fast-food giant’s stock worth $389,000 after acquiring an additional 470 shares during the period. Cypress Capital Group lifted its stake in shares of McDonald’s Corporation by 1.2% in the 3rd quarter. Cypress Capital Group now owns 25,888 shares of the fast-food giant’s stock worth $4,056,000 after acquiring an additional 300 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in shares of McDonald’s Corporation in the 3rd quarter worth approximately $813,000. Hedge funds and other institutional investors own 67.95% 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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