McDonald’s (NYSE:MCD – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
A number of other research analysts have also recently issued reports on the company. Wedbush reissued an “outperform” rating on shares of McDonald’s in a report on Friday, January 28th. Edward Jones cut McDonald’s from a “buy” rating to a “hold” rating in a report on Monday, December 20th. Morgan Stanley lifted their price target on McDonald’s from $275.00 to $294.00 and gave the company an “overweight” rating in a report on Friday, January 14th. KeyCorp lifted their price target on McDonald’s from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, January 26th. Finally, The Goldman Sachs Group lifted their price target on McDonald’s from $284.00 to $287.00 in a report on Wednesday, January 19th. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $280.00.
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Shares of NYSE MCD opened at $232.57 on Wednesday. The stock has a market cap of $172.94 billion, a PE ratio of 23.16, a PEG ratio of 2.42 and a beta of 0.61. The business has a fifty day moving average of $250.44 and a two-hundred day moving average of $250.17. McDonald’s has a 52-week low of $217.16 and a 52-week high of $271.15.
McDonald’s (NYSE:MCD – Get Rating) last issued its quarterly earnings data on Thursday, January 27th. The fast-food giant reported $2.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.31 by ($0.08). The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.03 billion. McDonald’s had a net margin of 32.49% and a negative return on equity of 119.62%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 earnings per share. Equities analysts forecast that McDonald’s will post 10.18 EPS for the current year.
In other news, Director Catherine M. Engelbert purchased 1,000 shares of McDonald’s stock in a transaction on Monday, February 28th. The stock was purchased at an average price of $244.18 per share, with a total value of $244,180.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.
Several institutional investors have recently made changes to their positions in MCD. Norges Bank bought a new stake in shares of McDonald’s during the 4th quarter worth approximately $2,060,325,000. Viking Global Investors LP bought a new stake in shares of McDonald’s during the 3rd quarter worth approximately $720,994,000. BlackRock Inc. raised its stake in shares of McDonald’s by 4.5% during the 4th quarter. BlackRock Inc. now owns 52,918,755 shares of the fast-food giant’s stock worth $14,185,930,000 after purchasing an additional 2,294,758 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of McDonald’s by 164.8% during the 3rd quarter. Nordea Investment Management AB now owns 1,843,760 shares of the fast-food giant’s stock worth $451,002,000 after purchasing an additional 1,147,491 shares in the last quarter. Finally, State Street Corp raised its stake in shares of McDonald’s by 2.9% during the 4th quarter. State Street Corp now owns 36,973,382 shares of the fast-food giant’s stock worth $9,911,455,000 after purchasing an additional 1,033,751 shares in the last quarter. Institutional investors own 67.23% of the company’s stock.
McDonald’s Company Profile (Get Rating)
McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations in the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K.
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