McDonald’s (NYSE:MCD – Get Rating) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $260.00 to $275.00 in a note issued to investors on Tuesday, The Fly reports. JPMorgan Chase & Co.‘s target price indicates a potential upside of 11.50% from the company’s current price.
Other analysts have also recently issued reports about the company. KeyCorp upped their price target on McDonald’s from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Wednesday, January 26th. BTIG Research lowered their price target on McDonald’s from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, April 19th. Morgan Stanley lowered their price target on McDonald’s from $294.00 to $287.00 and set an “overweight” rating on the stock in a research report on Thursday, March 17th. The Goldman Sachs Group boosted their price objective on McDonald’s from $284.00 to $287.00 in a research note on Wednesday, January 19th. Finally, Oppenheimer reduced their price objective on McDonald’s from $290.00 to $280.00 in a research note on Monday, March 14th. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $281.04.
Shares of NYSE:MCD opened at $246.64 on Tuesday. The business’s fifty day moving average price is $243.39 and its two-hundred day moving average price is $251.40. McDonald’s has a fifty-two week low of $217.68 and a fifty-two week high of $271.15. The stock has a market capitalization of $182.41 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 2.96 and a beta of 0.57.
McDonald’s (NYSE:MCD – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The fast-food giant reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.11. McDonald’s had a negative return on equity of 135.05% and a net margin of 29.93%. The firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the prior year, the business posted $1.92 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts forecast that McDonald’s will post 9.8 earnings per share for the current fiscal year.
In other McDonald’s news, Director Catherine M. Engelbert purchased 1,000 shares of the stock in a transaction on Monday, February 28th. The stock was bought at an average cost of $244.18 per share, for a total transaction of $244,180.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of MCD. Morgan Stanley grew its holdings in shares of McDonald’s by 4.7% during the second quarter. Morgan Stanley now owns 8,376,495 shares of the fast-food giant’s stock worth $1,934,888,000 after buying an additional 372,512 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of McDonald’s by 87.6% during the third quarter. Los Angeles Capital Management LLC now owns 172,543 shares of the fast-food giant’s stock worth $41,602,000 after buying an additional 80,573 shares in the last quarter. Russell Investments Group Ltd. boosted its position in McDonald’s by 43.0% during the third quarter. Russell Investments Group Ltd. now owns 328,694 shares of the fast-food giant’s stock valued at $79,538,000 after purchasing an additional 98,836 shares during the last quarter. Affinity Investment Advisors LLC boosted its position in McDonald’s by 6.4% during the third quarter. Affinity Investment Advisors LLC now owns 6,636 shares of the fast-food giant’s stock valued at $1,600,000 after purchasing an additional 402 shares during the last quarter. Finally, Altus Wealth Group LLC boosted its position in McDonald’s by 47.6% during the third quarter. Altus Wealth Group LLC now owns 4,025 shares of the fast-food giant’s stock valued at $971,000 after purchasing an additional 1,298 shares during the last quarter. Institutional investors and hedge funds own 68.44% of the company’s stock.
McDonald’s Company Profile (Get Rating)
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.
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