Mcdonald’s Corp (NYSE:MCD) – Stock analysts at SunTrust Banks issued their FY2021 earnings per share estimates for Mcdonald’s in a research note issued to investors on Wednesday, January 8th, according to Zacks Investment Research. SunTrust Banks analyst J. Bartlett expects that the fast-food giant will post earnings per share of $9.01 for the year. SunTrust Banks currently has a “Buy” rating and a $230.00 target price on the stock.
Other analysts also recently issued research reports about the stock. Deutsche Bank initiated coverage on shares of Mcdonald’s in a report on Tuesday, November 26th. They issued a “hold” rating and a $193.00 price objective for the company. Longbow Research raised shares of Mcdonald’s from a “neutral” rating to a “buy” rating and set a $227.00 price objective for the company in a report on Friday, November 8th. KeyCorp boosted their price objective on shares of Mcdonald’s from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday. Credit Suisse Group cut their price objective on shares of Mcdonald’s from $236.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, MKM Partners cut their price objective on shares of Mcdonald’s from $240.00 to $225.00 and set a “buy” rating for the company in a report on Monday, November 4th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $224.12.
Shares of MCD stock opened at $211.24 on Friday. The company has a market capitalization of $160.73 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.99 and a beta of 0.45. Mcdonald’s has a 52 week low of $173.41 and a 52 week high of $221.93. The company has a 50-day simple moving average of $201.63 and a 200 day simple moving average of $206.45.
A number of hedge funds have recently added to or reduced their stakes in MCD. Trust Co. of Oklahoma boosted its stake in shares of Mcdonald’s by 6.8% in the 4th quarter. Trust Co. of Oklahoma now owns 3,175 shares of the fast-food giant’s stock valued at $627,000 after purchasing an additional 201 shares during the last quarter. Welch Group LLC boosted its position in shares of Mcdonald’s by 2.0% in the fourth quarter. Welch Group LLC now owns 146,978 shares of the fast-food giant’s stock valued at $29,044,000 after acquiring an additional 2,853 shares during the period. Nippon Life Global Investors Americas Inc. boosted its position in shares of Mcdonald’s by 6.4% in the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 57,890 shares of the fast-food giant’s stock valued at $11,439,000 after acquiring an additional 3,470 shares during the period. First American Bank bought a new position in shares of Mcdonald’s in the fourth quarter valued at approximately $219,000. Finally, Schmidt P J Investment Management Inc. boosted its position in shares of Mcdonald’s by 0.3% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 39,473 shares of the fast-food giant’s stock valued at $7,800,000 after acquiring an additional 123 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.
In related news, Director John W. Rogers, Jr. acquired 1,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of $194.12 per share, for a total transaction of $194,120.00. Following the transaction, the director now directly owns 88,500 shares in the company, valued at $17,179,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John J. Mulligan acquired 1,300 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average price of $193.46 per share, with a total value of $251,498.00. Following the completion of the transaction, the director now owns 2,900 shares in the company, valued at $561,034. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 7,380 shares of company stock valued at $1,430,223. 0.25% of the stock is owned by corporate insiders.
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.