McDonald's (MCD) Earns “Buy” Rating from Goldman Sachs

Goldman Sachs reissued their buy rating on shares of McDonald's (NYSE:MCD) in a report published on Friday. Goldman Sachs currently has a $186.00 price target on the fast-food giant’s stock.

Several other research firms have also recently issued reports on MCD. Bank of America set a $200.00 price objective on shares of McDonald's and gave the stock a buy rating in a research report on Monday, January 29th. Nomura reaffirmed a buy rating and set a $198.00 price objective (up from $190.00) on shares of McDonald's in a research report on Tuesday, January 23rd. Credit Suisse Group reaffirmed an outperform rating and set a $191.00 price objective (up from $185.00) on shares of McDonald's in a research report on Tuesday, January 23rd. Zacks Investment Research raised shares of McDonald's from a hold rating to a buy rating and set a $196.00 price objective for the company in a research report on Thursday, January 18th. Finally, JPMorgan Chase & Co. set a $184.00 price objective on shares of McDonald's and gave the stock a buy rating in a research report on Wednesday, January 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $182.78.

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McDonald's (NYSE MCD) opened at $158.01 on Friday. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82. McDonald's has a 1 year low of $128.60 and a 1 year high of $178.70. The company has a market cap of $123,131.28, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.34 and a beta of 0.65.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter last year, the company posted $1.44 EPS. The firm’s revenue was down 11.4% compared to the same quarter last year. equities research analysts forecast that McDonald's will post 7.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a $1.01 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $4.04 dividend on an annualized basis and a yield of 2.56%. McDonald's’s dividend payout ratio is presently 63.52%.

In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total value of $238,414.92. Following the transaction, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MCD. Janus Henderson Group PLC increased its stake in shares of McDonald's by 3,951.0% during the second quarter. Janus Henderson Group PLC now owns 4,422,423 shares of the fast-food giant’s stock worth $677,339,000 after acquiring an additional 4,313,253 shares during the period. FMR LLC increased its stake in shares of McDonald's by 72.9% during the second quarter. FMR LLC now owns 8,371,823 shares of the fast-food giant’s stock worth $1,282,229,000 after acquiring an additional 3,530,622 shares during the period. Alliancebernstein L.P. increased its stake in shares of McDonald's by 69.9% during the second quarter. Alliancebernstein L.P. now owns 7,558,294 shares of the fast-food giant’s stock worth $1,157,628,000 after acquiring an additional 3,110,669 shares during the period. Jennison Associates LLC increased its stake in shares of McDonald's by 26.5% during the fourth quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock worth $1,518,138,000 after acquiring an additional 1,848,111 shares during the period. Finally, BlackRock Inc. increased its stake in shares of McDonald's by 3.0% during the second quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock worth $8,363,515,000 after acquiring an additional 1,586,761 shares during the period. Institutional investors own 68.54% 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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