SunTrust Banks set a $187.00 price objective on McDonald's (NYSE:MCD) in a research report sent to investors on Wednesday, January 3rd. The brokerage currently has a buy rating on the fast-food giant’s stock. SunTrust Banks also issued estimates for McDonald's’ Q1 2018 earnings at $1.64 EPS, Q2 2018 earnings at $1.97 EPS, Q3 2018 earnings at $2.11 EPS, Q4 2018 earnings at $2.01 EPS, FY2018 earnings at $7.72 EPS and FY2019 earnings at $8.12 EPS.

Several other brokerages also recently weighed in on MCD. Canaccord Genuity reaffirmed a hold rating and set a $170.00 price target on shares of McDonald's in a report on Friday, October 6th. Nomura set a $180.00 price target on shares of McDonald's and gave the company a buy rating in a report on Wednesday, October 25th. Stifel Nicolaus set a $172.00 target price on shares of McDonald's and gave the stock a neutral rating in a report on Wednesday, January 3rd. Piper Jaffray Companies boosted their target price on shares of McDonald's from $175.00 to $185.00 and gave the stock an overweight rating in a report on Thursday, December 14th. Finally, Jefferies Group raised shares of McDonald's from a hold rating to a buy rating and boosted their target price for the stock from $150.00 to $200.00 in a report on Tuesday, December 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $180.98.

Shares of McDonald's (MCD) traded down $0.93 during mid-day trading on Wednesday, hitting $176.84. 2,202,329 shares of the stock were exchanged, compared to its average volume of 3,166,227. McDonald's has a 52-week low of $121.70 and a 52-week high of $178.70. The company has a market capitalization of $141,590.00, a price-to-earnings ratio of 25.22, a PEG ratio of 2.81 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27.

McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. sell-side analysts forecast that McDonald's will post 6.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.28%. McDonald's’s payout ratio is 58.30%.

In other McDonald's news, insider Stephen Easterbrook sold 171,577 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the sale, the insider now directly owns 49,778 shares of the company’s stock, valued at $8,378,632.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.24% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in MCD. Proficio Capital Partners LLC increased its holdings in McDonald's by 0.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock worth $117,000 after buying an additional 5 shares during the period. AlphaMark Advisors LLC increased its holdings in McDonald's by 0.4% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock worth $197,000 after buying an additional 5 shares during the period. Highland Private Wealth Management increased its holdings in McDonald's by 0.3% in the 2nd quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock worth $335,000 after buying an additional 6 shares during the period. Winch Advisory Services LLC increased its holdings in McDonald's by 0.4% in the 2nd quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock worth $245,000 after buying an additional 7 shares during the period. Finally, Valmark Advisers Inc. increased its holdings in McDonald's by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock worth $365,000 after buying an additional 8 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

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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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