McDonald's (NYSE:MCD – Get Rating) had its target price raised by Credit Suisse Group from $292.00 to $298.00 in a report published on Wednesday morning, The Fly reports. Credit Suisse Group currently has an outperform rating on the fast-food giant's stock.
A number of other research firms also recently issued reports on MCD. JPMorgan Chase & Co. lifted their price objective on shares of McDonald's from $250.00 to $262.00 and gave the stock an overweight rating in a report on Wednesday, January 18th. Cowen boosted their price target on shares of McDonald's from $280.00 to $293.00 and gave the stock an outperform rating in a research note on Friday, October 28th. KeyCorp boosted their price target on shares of McDonald's from $290.00 to $295.00 and gave the stock an overweight rating in a research note on Friday, October 28th. Jefferies Financial Group boosted their price target on shares of McDonald's from $305.00 to $315.00 and gave the stock a buy rating in a research note on Wednesday, December 21st. Finally, Barclays boosted their price target on shares of McDonald's from $295.00 to $310.00 and gave the stock an overweight rating in a research note on Thursday, January 5th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $289.19.
Get McDonald's alerts:McDonald's Stock Performance
NYSE MCD opened at $272.46 on Wednesday. McDonald's has a 52-week low of $217.68 and a 52-week high of $281.67. The company has a market capitalization of $199.56 billion, a P/E ratio of 34.31, a P/E/G ratio of 3.19 and a beta of 0.63. The company has a fifty day moving average of $269.71 and a 200-day moving average of $261.27.
McDonald's (NYSE:MCD – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The fast-food giant reported $2.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.57 by $0.11. McDonald's had a net margin of 25.42% and a negative return on equity of 123.40%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the previous year, the firm posted $2.76 EPS. The firm's revenue was down 5.3% compared to the same quarter last year. As a group, analysts forecast that McDonald's will post 9.93 EPS for the current fiscal year.Institutional Investors Weigh In On McDonald's
Hedge funds and other institutional investors have recently bought and sold shares of the business. Piershale Financial Group Inc. purchased a new stake in McDonald's in the fourth quarter worth about $26,000. JDM Financial Group LLC purchased a new stake in McDonald's in the fourth quarter worth about $26,000. West Financial Advisors LLC grew its holdings in McDonald's by 520.0% in the third quarter. West Financial Advisors LLC now owns 124 shares of the fast-food giant's stock worth $29,000 after purchasing an additional 104 shares during the period. Legend Financial Advisors Inc. bought a new position in shares of McDonald's in the third quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates bought a new position in shares of McDonald's in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 66.86% of the company's stock.
About McDonald's
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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 on 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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