McDonald’s Corporation (NYSE:MCD) Rating Reiterated by Stephens

McDonald’s Corporation (NYSE:MCD)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a report released on Wednesday, July 26th. They currently have a $155.00 price objective on the fast-food giant’s stock. Stephens’ price objective suggests a potential downside of 1.66% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Robert W. Baird set a $170.00 price target on McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Credit Suisse Group reiterated an “outperform” rating and issued a $170.00 price target (up from $165.00) on shares of McDonald’s Corporation in a research note on Wednesday, July 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 price target on shares of McDonald’s Corporation in a research note on Tuesday, July 25th. Zacks Investment Research cut McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of McDonald’s Corporation in a research note on Monday, July 24th. Twelve research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $162.16.

Shares of McDonald’s Corporation (MCD) opened at 157.62 on Wednesday. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $159.98. The company has a market cap of $127.67 billion, a P/E ratio of 25.80 and a beta of 0.70. The firm has a 50 day moving average price of $155.03 and a 200-day moving average price of $141.40.

McDonald’s Corporation (NYSE:MCD) last issued its quarterly earnings results on Tuesday, July 25th. The fast-food giant reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.08. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.96 billion. McDonald’s Corporation had a negative return on equity of 264.89% and a net margin of 21.00%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. Analysts anticipate that McDonald’s Corporation will post $6.55 earnings per share for the current fiscal year.

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In other McDonald’s Corporation news, insider Douglas M. Goare sold 17,286 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jerome N. Krulewitch sold 11,755 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $158.38, for a total transaction of $1,861,756.90. Following the transaction, the executive vice president now directly owns 11,755 shares in the company, valued at approximately $1,861,756.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,156 shares of company stock worth $10,281,996. Insiders own 0.24% of the company’s stock.

Several institutional investors have recently bought and sold shares of MCD. Oakworth Capital Inc. raised its stake in shares of McDonald’s Corporation by 7.7% in the first quarter. Oakworth Capital Inc. now owns 4,977 shares of the fast-food giant’s stock valued at $645,000 after buying an additional 355 shares during the last quarter. Sterling Investment Management Inc. raised its stake in shares of McDonald’s Corporation by 4.9% in the first quarter. Sterling Investment Management Inc. now owns 11,486 shares of the fast-food giant’s stock valued at $1,489,000 after buying an additional 536 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of McDonald’s Corporation by 18.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 92,407 shares of the fast-food giant’s stock valued at $11,977,000 after buying an additional 14,662 shares during the last quarter. Wealthfront Inc. raised its stake in shares of McDonald’s Corporation by 4.9% in the fourth quarter. Wealthfront Inc. now owns 27,042 shares of the fast-food giant’s stock valued at $3,292,000 after buying an additional 1,275 shares during the last quarter. Finally, Chesley Taft & Associates LLC raised its stake in shares of McDonald’s Corporation by 0.3% in the first quarter. Chesley Taft & Associates LLC now owns 34,485 shares of the fast-food giant’s stock valued at $4,470,000 after buying an additional 115 shares during the last quarter. 68.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for McDonald`s Corporation (NYSE:MCD)

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