Mcdonald’s’ (MCD) “Buy” Rating Reiterated at Goldman Sachs Group

Mcdonald’s (NYSE:MCD)‘s stock had its “buy” rating restated by Goldman Sachs Group in a research report issued on Friday. They presently have a $192.00 price objective on the fast-food giant’s stock. Goldman Sachs Group’s price objective would indicate a potential upside of 14.44% from the company’s current price.

A number of other brokerages have also issued reports on MCD. Royal Bank of Canada set a $175.00 target price on Mcdonald’s and gave the stock a “buy” rating in a research report on Thursday, July 26th. Morgan Stanley dropped their target price on Mcdonald’s from $169.00 to $167.00 and set an “equal weight” rating on the stock in a research report on Friday, July 27th. Wells Fargo & Co dropped their target price on Mcdonald’s from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 11th. Cowen reaffirmed a “buy” rating and set a $190.00 target price on shares of Mcdonald’s in a research report on Friday, July 27th. Finally, Stifel Nicolaus reaffirmed a “neutral” rating and set a $168.00 target price on shares of Mcdonald’s in a research report on Monday, August 20th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $182.65.

Shares of MCD opened at $167.77 on Friday. The stock has a market cap of $129.78 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 2.49 and a beta of 0.66. Mcdonald’s has a 12 month low of $146.84 and a 12 month high of $178.70. The company has a debt-to-equity ratio of -5.24, a quick ratio of 1.45 and a current ratio of 1.47.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.07. Mcdonald’s had a negative return on equity of 133.89% and a net margin of 25.26%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, equities research analysts predict that Mcdonald’s will post 7.65 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Mcdonald’s by 5.5% during the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after purchasing an additional 1,014,792 shares during the last quarter. Fundsmith Equity Fund L.P. bought a new position in shares of Mcdonald’s during the second quarter valued at approximately $1,191,239,000. Janus Henderson Group PLC grew its holdings in shares of Mcdonald’s by 5.4% during the second quarter. Janus Henderson Group PLC now owns 8,107,972 shares of the fast-food giant’s stock valued at $1,270,446,000 after purchasing an additional 412,750 shares during the last quarter. Magellan Asset Management Ltd grew its holdings in shares of Mcdonald’s by 0.4% during the second quarter. Magellan Asset Management Ltd now owns 5,955,794 shares of the fast-food giant’s stock valued at $933,213,000 after purchasing an additional 20,873 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Mcdonald’s by 9.6% during the second quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock valued at $931,884,000 after purchasing an additional 522,333 shares during the last quarter. 66.98% of the stock is owned by hedge funds and other institutional investors.

About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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