Latest McDonald’s Corp. (MCD) Target Price Suggests Stock Is Worth $132.14/Share

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McDonald’s Corp. (MCD) up 0.79 per cent in the past week, is under coverage of 33 analysts who collectively recommend a hold rating on stock. 15 of the analysts have a buy or better rating; the 16 sells versus 2 holds. The 21 equity analysts who rate the stock have an average target price at $132.14, with individual targets ranging between $113 and $145. The shares closed last trade at $126.49, implying that analysts see shares rising about 4.47 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 7.88 up so far this year. A Exec Vice Pres & CFO at McDonald’s Corp. (MCD) sold shares in the company in a transaction completed on Monday April 25, 2016. Ozan Kevin M offloaded 13,007 shares in the company at an average price of $125.07 and ended up generating $1,626,785 in proceeds. Ozan Kevin M retains 9,736 shares in the company after this transaction. A Corp Exec VP – Ops & Tech Sys in the company, Sappington James R, on Friday January 29, 2016 collected $972,505 from the sale of 7,827 shares at $125.07 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering MCD stock at the going market price of $126.49/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $1.4 in earnings per share (EPS). That would represent a 11.11% year-over-year increase Revenue for the same period is expected to arrive at $6.29B.

Earnings Roundup: In the last fiscal quarter alone, McDonald’s Corp. generated around $5.9B in revenue and net income of $1.23/share. That compares with the consensus estimate $5.82B and $1.16/share, respectively. For the three months through December 2015, revenue for the company hit $6.34B, with earnings at $1.31/share.

Analyst Coverage: Argus has been a brokerage house following shares of McDonald’s Corp. (MCD), so its rating change is noteworthy. The stock was upgraded to Buy from Hold, wrote analysts at Argus, in a note issued to clients on Wednesday January 27, 2016. There was another key note issued by Nomura on Monday January 04, 2016. The firm lifted its rating on MCD from Neutral to Buy.

Price Momentum: Despite the -1.12% decrease in value, the stock’s new closing price represents a -2.55% fall in value from company’s one year high of $129.8. The stock is currently holding above its 50 day moving average of $125.85 and above its 200 day moving average of $118.09. Over the last three months and over the last six months, the shares of McDonald’s Corp. (MCD), have changed 2.96% and 13.73, respectively.

 

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