McDonald's (MCD) Given a $186.00 Price Target by JPMorgan Chase & Co. Analysts

McDonald's (NYSE:MCD) has been given a $186.00 price target by equities research analysts at JPMorgan Chase & Co. in a research note issued on Friday. The brokerage presently has a “buy” rating on the fast-food giant’s stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 7.27% from the stock’s current price.

MCD has been the topic of several other reports. Wells Fargo & Co set a $185.00 price target on McDonald's and gave the company a “buy” rating in a research report on Wednesday, October 25th. Royal Bank of Canada set a $190.00 price target on McDonald's and gave the company a “buy” rating in a research report on Thursday, December 21st. Deutsche Bank set a $185.00 price target on McDonald's and gave the company a “buy” rating in a research report on Friday, October 20th. Canaccord Genuity reissued a “hold” rating and set a $170.00 price target on shares of McDonald's in a research report on Friday, October 6th. Finally, Goldman Sachs Group set a $180.00 target price on McDonald's and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $178.88.

Shares of McDonald's (NYSE MCD) opened at $173.39 on Friday. The company has a market capitalization of $140,450.00, a price-to-earnings ratio of 25.02, a PEG ratio of 2.61 and a beta of 0.67. McDonald's has a fifty-two week low of $119.82 and a fifty-two week high of $175.78. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17.

McDonald's (NYSE:MCD) last posted its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.75 billion. McDonald's had a negative return on equity of 216.45% and a net margin of 24.19%. McDonald's’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 earnings per share. sell-side analysts anticipate that McDonald's will post 6.53 EPS for the current year.

In other news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total value of $28,879,840.64. Following the sale, the insider now owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. boosted its stake in McDonald's by 100.0% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,410 shares of the fast-food giant’s stock valued at $216,000 after purchasing an additional 705 shares during the period. First PREMIER Bank boosted its stake in McDonald's by 2.3% during the 2nd quarter. First PREMIER Bank now owns 18,470 shares of the fast-food giant’s stock valued at $2,829,000 after purchasing an additional 419 shares during the period. American National Bank boosted its stake in McDonald's by 8.0% during the 2nd quarter. American National Bank now owns 7,925 shares of the fast-food giant’s stock valued at $1,213,000 after purchasing an additional 584 shares during the period. KAMES CAPITAL plc bought a new stake in McDonald's during the 2nd quarter valued at approximately $726,000. Finally, First Command Bank boosted its stake in McDonald's by 0.9% during the 2nd quarter. First Command Bank now owns 2,446 shares of the fast-food giant’s stock valued at $375,000 after purchasing an additional 23 shares during the period. Institutional investors own 67.28% of the company’s stock.

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McDonald's Company Profile

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 (NYSE:MCD)

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