Mcdonald’s (NYSE:MCD)‘s stock had its “hold” rating reaffirmed by research analysts at Cleveland Research in a research report issued on Friday, TipRanks reports.

Several other research firms have also issued reports on MCD. Robert W. Baird lifted their price target on shares of Mcdonald’s from $196.00 to $205.00 in a report on Monday, April 1st. Longbow Research lowered shares of Mcdonald’s from a “buy” rating to a “neutral” rating and cut their price target for the stock from $200.00 to $197.00 in a report on Wednesday, May 1st. They noted that the move was a valuation call. Mizuho lifted their price target on shares of NXP Semiconductors from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. UBS Group set a $210.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, June 11th. Finally, Credit Suisse Group began coverage on shares of Arco Platform in a report on Tuesday, June 25th. They issued a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $207.93.

NYSE:MCD traded up $0.30 during trading hours on Friday, reaching $212.99. The company’s stock had a trading volume of 1,957,699 shares, compared to its average volume of 2,391,639. The stock has a market cap of $162.63 billion, a P/E ratio of 26.96, a P/E/G ratio of 3.06 and a beta of 0.51. Mcdonald’s has a 12 month low of $153.13 and a 12 month high of $214.80. The firm has a 50 day simple moving average of $204.67.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.01). The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.94 billion. Mcdonald’s had a negative return on equity of 95.31% and a net margin of 28.20%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $1.79 EPS. Equities analysts predict that Mcdonald’s will post 8.02 earnings per share for the current fiscal year.

In other news, insider Ian Frederick Borden sold 4,149 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $199.22, for a total transaction of $826,563.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin M. Ozan sold 40,930 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $195.90, for a total transaction of $8,018,187.00. Following the sale, the chief financial officer now directly owns 42,647 shares in the company, valued at $8,354,547.30. The disclosure for this sale can be found here. Insiders have sold 104,449 shares of company stock worth $20,458,931 over the last three months. Corporate insiders own 0.25% of the company’s stock.

A number of large investors have recently bought and sold shares of MCD. First Command Bank raised its position in shares of Mcdonald’s by 2.7% during the 2nd quarter. First Command Bank now owns 1,857 shares of the fast-food giant’s stock worth $386,000 after purchasing an additional 48 shares during the last quarter. Aldebaran Financial Inc. raised its position in shares of Mcdonald’s by 0.7% during the 1st quarter. Aldebaran Financial Inc. now owns 7,325 shares of the fast-food giant’s stock worth $1,391,000 after purchasing an additional 53 shares during the last quarter. Old Port Advisors raised its position in shares of Mcdonald’s by 4.9% during the 1st quarter. Old Port Advisors now owns 1,232 shares of the fast-food giant’s stock worth $234,000 after purchasing an additional 58 shares during the last quarter. Moloney Securities Asset Management LLC raised its position in shares of Mcdonald’s by 0.8% during the 4th quarter. Moloney Securities Asset Management LLC now owns 7,642 shares of the fast-food giant’s stock worth $1,357,000 after purchasing an additional 59 shares during the last quarter. Finally, CapWealth Advisors LLC raised its position in shares of Mcdonald’s by 1.9% during the 4th quarter. CapWealth Advisors LLC now owns 3,230 shares of the fast-food giant’s stock worth $574,000 after purchasing an additional 60 shares during the last quarter. 67.69% of the stock is currently owned by 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, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Analyst Recommendations for Mcdonald`s (NYSE:MCD)

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