McDonald's (MCD) Downgraded by Stephens to “Equal Weight”

Stephens lowered shares of McDonald's (NYSE:MCD) from an overweight rating to an equal weight rating in a report issued on Monday morning, MarketBeat.com reports.

Other analysts have also issued research reports about the stock. SunTrust Banks set a $187.00 price target on shares of McDonald's and gave the company a buy rating in a research report on Wednesday, January 3rd. Robert W. Baird set a $190.00 price target on shares of McDonald's and gave the company a buy rating in a research report on Tuesday, January 2nd. Nomura set a $190.00 price target on shares of McDonald's and gave the company a buy rating in a research report on Tuesday, January 2nd. Zacks Investment Research raised shares of McDonald's from a hold rating to a buy rating and set a $194.00 price target on the stock in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada set a $190.00 target price on McDonald's and gave the company a buy rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $183.40.

MCD stock opened at $161.63 on Monday. The company has a market cap of $128,494.15, a PE ratio of 24.27, a PEG ratio of 2.44 and a beta of 0.64. The company has a debt-to-equity ratio of -9.04, a quick ratio of 1.82 and a current ratio of 1.84. McDonald's has a one year low of $130.91 and a one year high of $178.70.

McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.44 EPS. analysts forecast that McDonald's will post 7.58 earnings per share for the current year.

In related news, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the transaction, the vice president now owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC acquired a new position in McDonald's in the second quarter valued at $153,000. Beach Investment Management LLC. acquired a new position in McDonald's in the second quarter valued at $296,000. AJO LP boosted its stake in McDonald's by 24.5% in the second quarter. AJO LP now owns 436,071 shares of the fast-food giant’s stock valued at $66,789,000 after acquiring an additional 85,831 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in McDonald's by 3.0% in the second quarter. Riverhead Capital Management LLC now owns 49,671 shares of the fast-food giant’s stock valued at $7,608,000 after acquiring an additional 1,437 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC acquired a new position in McDonald's in the second quarter valued at $205,000. Hedge funds and other institutional investors own 68.49% of the company’s stock.

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About McDonald's

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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