McDonald's (NYSE:MCD) Stock Rating Reaffirmed by Cowen

Cowen reaffirmed their buy rating on shares of McDonald's (NYSE:MCD) in a research note published on Friday, January 5th. The brokerage currently has a $200.00 target price on the fast-food giant’s stock.

Other research analysts also recently issued reports about the stock. Robert W. Baird restated an outperform rating and set a $170.00 target price on shares of McDonald's in a research report on Tuesday, October 3rd. Royal Bank of Canada restated a buy rating and set a $175.00 target price on shares of McDonald's in a research report on Friday, September 8th. Zacks Investment Research downgraded shares of McDonald's from a buy rating to a hold rating in a research report on Friday, October 27th. Sanford C. Bernstein set a $180.00 price target on shares of McDonald's and gave the company a buy rating in a research report on Tuesday, September 19th. Finally, Mizuho reiterated a buy rating and issued a $173.00 price target (up from $170.00) on shares of McDonald's in a research report on Wednesday, September 13th. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $178.88.

Shares of McDonald's (MCD) traded up $0.01 during trading hours on Friday, reaching $173.58. 1,888,824 shares of the company’s stock were exchanged, compared to its average volume of 2,985,289. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald's has a 12-month low of $119.82 and a 12-month high of $175.78. The company has a market cap of $140,290.00, a price-to-earnings ratio of 25.05, a P/E/G ratio of 2.75 and a beta of 0.67.

McDonald's (NYSE:MCD) last released its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. During the same period in the prior year, the company posted $1.62 EPS. The company’s revenue was down 10.4% compared to the same quarter last year. analysts expect that McDonald's will post 6.53 EPS for the current year.

In related 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 value of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the vice president now directly 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 company insiders.

Several large investors have recently added to or reduced their stakes in MCD. Proficio Capital Partners LLC lifted its holdings in McDonald's by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after purchasing an additional 5 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in McDonald's by 0.4% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after purchasing an additional 5 shares during the last quarter. Highland Private Wealth Management lifted its holdings in McDonald's by 0.3% during the 2nd quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after purchasing an additional 6 shares during the last quarter. Winch Advisory Services LLC lifted its holdings in McDonald's by 0.4% during the 2nd quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after purchasing an additional 7 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its holdings in McDonald's by 0.3% during the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after purchasing an additional 8 shares during the last quarter. 67.30% of the stock is owned by institutional investors and hedge funds.

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About McDonald's

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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