McDonald's (NYSE:MCD)‘s stock had its “buy” rating reissued by BMO Capital Markets in a note issued to investors on Monday. They presently have a $190.00 price target on the fast-food giant’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 19.91% from the company’s previous close.
Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. reiterated a “buy” rating and set a $182.00 price objective on shares of McDonald's in a report on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $170.00 price objective on shares of McDonald's in a report on Monday. Zacks Investment Research lowered shares of McDonald's from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Credit Suisse Group reiterated an “outperform” rating and set a $175.00 price objective (down from $191.00) on shares of McDonald's in a report on Tuesday, March 6th. Finally, Bank of America set a $180.00 price objective on shares of McDonald's and gave the stock a “buy” rating in a report on Monday, March 5th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $183.02.
McDonald's (NYSE:MCD) opened at $158.45 on Monday. The firm has a market cap of $124,926.86, a PE ratio of 24.80, a PEG ratio of 2.36 and a beta of 0.65. McDonald's has a 1-year low of $127.47 and a 1-year high of $178.70. The company has a current ratio of 1.84, a quick ratio of 1.82 and a debt-to-equity ratio of -9.04.
In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the sale, the vice president now directly owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in MCD. Acrospire Investment Management LLC bought a new position in McDonald's during the second quarter worth $153,000. Beach Investment Management LLC. bought a new position in McDonald's during the second quarter worth $296,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lifted its stake in McDonald's by 192.7% during the second quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 27,343 shares of the fast-food giant’s stock worth $4,188,000 after purchasing an additional 18,000 shares during the last quarter. Strategic Financial Group LLC bought a new position in McDonald's during the second quarter worth $202,000. Finally, Great Lakes Advisors LLC lifted its stake in McDonald's by 73.0% during the second quarter. Great Lakes Advisors LLC now owns 53,691 shares of the fast-food giant’s stock worth $8,223,000 after purchasing an additional 22,662 shares during the last quarter. Institutional investors own 68.59% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “McDonald's’ (MCD) “Buy” Rating Reaffirmed at BMO Capital Markets” was first posted by Markets Daily and is the property of of Markets Daily. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.themarketsdaily.com/2018/03/13/bmo-capital-markets-analysts-give-mcdonalds-mcd-a-190-00-price-target.html.
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.
Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.