JPMorgan Chase & Co. Issues Positive Forecast for McDonald’s (NYSE:MCD) Stock Price

McDonald’s (NYSE:MCD – Get Free Report) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $250.00 to $270.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the fast-food giant’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 2.90% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Evercore cut their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Jefferies Financial Group lowered their target price on McDonald’s from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. DZ Bank reiterated a “buy” rating on shares of McDonald’s in a research report on Thursday, September 24th. Tigress Financial boosted their price target on McDonald’s from $385.00 to $390.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, KeyCorp upped their price target on McDonald’s from $280.00 to $307.00 and gave the stock an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $297.52.

View Our Latest Stock Report on McDonald’s

McDonald’s Trading Down 0.8%

NYSE MCD traded down $2.16 during trading hours on Thursday, hitting $278.06. 7,298,837 shares of the company’s stock traded hands, compared to its average volume of 4,358,852. McDonald’s has a 52 week low of $229.20 and a 52 week high of $341.75. The firm has a market capitalization of $196.77 billion, a P/E ratio of 22.59, a P/E/G ratio of 3.01 and a beta of 0.42. The business’s fifty day moving average price is $248.20 and its two-hundred day moving average price is $282.85.

McDonald’s (NYSE:MCD – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.19. The business had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.28 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $3.22 earnings per share. On average, sell-side analysts expect that McDonald’s will post 12.82 EPS for the current fiscal year.

Institutional Trading of McDonald’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GKV Capital Management Co. Inc. bought a new stake in McDonald’s in the 1st quarter valued at $33,000. Burkett Financial Services LLC boosted its holdings in shares of McDonald’s by 2,312.5% during the 3rd quarter. Burkett Financial Services LLC now owns 193 shares of the fast-food giant’s stock valued at $45,000 after purchasing an additional 185 shares during the last quarter. POM Investment Strategies LLC grew its position in shares of McDonald’s by 46.2% during the second quarter. POM Investment Strategies LLC now owns 174 shares of the fast-food giant’s stock valued at $47,000 after purchasing an additional 55 shares in the last quarter. Westfuller Advisors LLC grew its position in shares of McDonald’s by 140.0% during the second quarter. Westfuller Advisors LLC now owns 180 shares of the fast-food giant’s stock valued at $49,000 after purchasing an additional 105 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. lifted its position in shares of McDonald’s by 777.8% in the third quarter. Mountain Hill Investment Partners Corp. now owns 237 shares of the fast-food giant’s stock worth $55,000 after buying an additional 210 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Key McDonald’s News

Here are the key news stories impacting McDonald’s this week:

About McDonald’s

(Get Free Report)

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.

Further Reading

Analyst Recommendations for McDonald's (NYSE:MCD)

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.