BMO Capital Markets Increases McDonald’s Corporation (NYSE:MCD) Price Target to $175.00

McDonald’s Corporation (NYSE:MCD) had its price target boosted by BMO Capital Markets from $159.07 to $175.00 in a research note issued on Wednesday. The brokerage presently has an “outperform” rating on the fast-food giant’s stock. BMO Capital Markets’ target price points to a potential upside of 11.81% from the stock’s current price.

Several other research firms also recently weighed in on MCD. Credit Suisse Group restated an “outperform” rating and issued a $170.00 price objective (up from $165.00) on shares of McDonald’s Corporation in a report on Wednesday. Robert W. Baird restated a “positive” rating and issued a $170.00 price objective (up from $164.00) on shares of McDonald’s Corporation in a report on Wednesday. Stephens restated an “overweight” rating and issued a $155.00 price objective on shares of McDonald’s Corporation in a report on Wednesday. Morgan Stanley restated an “equal weight” rating and issued a $162.00 price objective (up from $150.00) on shares of McDonald’s Corporation in a report on Wednesday. Finally, Sanford C. Bernstein set a $180.00 price objective on McDonald’s Corporation and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. McDonald’s Corporation has an average rating of “Buy” and a consensus target price of $159.76.

Shares of McDonald’s Corporation (MCD) traded down 1.61% on Wednesday, reaching $156.51. 4,671,216 shares of the company’s stock traded hands. The firm has a market cap of $127.57 billion, a P/E ratio of 27.63 and a beta of 0.70. The stock has a 50-day moving average of $153.29 and a 200 day moving average of $137.53. McDonald’s Corporation has a 12-month low of $110.33 and a 12-month high of $159.00. McDonald’s Corporation also was the recipient of some unusual options trading on Monday. Stock traders acquired 35,169 put options on the stock. This represents an increase of 342% compared to the average daily volume of 7,948 put options.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings data on Tuesday, July 25th. The fast-food giant reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.11. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.96 billion. McDonald’s Corporation had a negative return on equity of 387.22% and a net margin of 19.58%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. On average, equities research analysts expect that McDonald’s Corporation will post $6.41 earnings per share for the current year.

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In other McDonald’s Corporation news, VP James R. Sappington sold 13,912 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $141.39, for a total value of $1,967,017.68. Following the sale, the vice president now owns 14,608 shares in the company, valued at approximately $2,065,425.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.24% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in MCD. First Republic Investment Management Inc. raised its position in shares of McDonald’s Corporation by 3.4% in the fourth quarter. First Republic Investment Management Inc. now owns 152,723 shares of the fast-food giant’s stock worth $18,590,000 after buying an additional 4,962 shares during the period. Fiera Capital Corp raised its position in shares of McDonald’s Corporation by 0.8% in the fourth quarter. Fiera Capital Corp now owns 25,265 shares of the fast-food giant’s stock worth $3,076,000 after buying an additional 202 shares during the period. Levin Capital Strategies L.P. raised its position in shares of McDonald’s Corporation by 102.4% in the fourth quarter. Levin Capital Strategies L.P. now owns 978,968 shares of the fast-food giant’s stock worth $119,160,000 after buying an additional 495,256 shares during the period. Zions Bancorporation raised its position in shares of McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares during the period. Finally, Intellectus Partners LLC acquired a new position in shares of McDonald’s Corporation during the fourth quarter worth about $1,306,000. Institutional investors and hedge funds own 67.66% 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.

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




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