McDonald’s (NYSE:MCD – Get Rating) had its price objective cut by Guggenheim to $280.00 in a research note issued to investors on Monday, Stock Target Advisor reports. Guggenheim’s target price points to a potential upside of 10.69% from the stock’s current price.
Several other equities analysts have also weighed in on MCD. Deutsche Bank Aktiengesellschaft reduced their price objective on McDonald’s from $268.00 to $265.00 in a report on Friday, April 29th. BTIG Research reduced their price objective on McDonald’s from $295.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, April 19th. Piper Sandler dropped their target price on McDonald’s from $282.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, March 28th. Morgan Stanley dropped their target price 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. Finally, StockNews.com initiated coverage on McDonald’s in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.68.
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NYSE MCD traded up $6.08 on Monday, hitting $252.96. 136,385 shares of the stock traded hands, compared to its average volume of 3,163,626. The business’s fifty day moving average is $244.75 and its two-hundred day moving average is $249.12. McDonald’s has a 12 month low of $217.68 and a 12 month high of $271.15. The firm has a market capitalization of $187.08 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 3.22 and a beta of 0.55.
McDonald’s (NYSE:MCD – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The fast-food giant reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.10. McDonald’s had a negative return on equity of 131.20% and a net margin of 29.93%. The business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the company earned $1.92 earnings per share. McDonald’s’s revenue was up 10.6% compared to the same quarter last year. On average, analysts forecast that McDonald’s will post 9.81 earnings per share for the current fiscal year.
In other news, insider Joseph M. Erlinger sold 5,892 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $249.23, for a total transaction of $1,468,463.16. Following the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,040,446.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MCD. Norges Bank bought a new stake in shares of McDonald’s in the fourth quarter worth about $2,060,325,000. BlackRock Inc. lifted its holdings in McDonald’s by 4.5% in the fourth quarter. BlackRock Inc. now owns 52,918,755 shares of the fast-food giant’s stock worth $14,185,930,000 after buying an additional 2,294,758 shares during the period. Capital World Investors lifted its holdings in McDonald’s by 91.5% in the first quarter. Capital World Investors now owns 4,472,924 shares of the fast-food giant’s stock worth $1,106,065,000 after buying an additional 2,136,776 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in McDonald’s by 1,189.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,191,692 shares of the fast-food giant’s stock worth $541,962,000 after buying an additional 2,021,754 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in McDonald’s by 1.6% in the first quarter. Vanguard Group Inc. now owns 67,004,180 shares of the fast-food giant’s stock worth $16,568,793,000 after buying an additional 1,039,187 shares during the period. 68.44% of the stock is currently owned by institutional investors.
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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