Goldman Reveals Price Target for McDonald’s Shares

Goldman Sachs (NYSE:GS) released a report on McDonald’s (NYSE:MCD) confirming its Buy rating on the stock with a price target of $100.

According to the report, “the company is reinvesting its record profits into continued increases in its ad budget, restaurant remodels which are modernizing its image, and technology improvements such as an upgraded POS system. We expect continued share gains as MCD widens the gap between itself and its primary competition.”

In August Goldman had upgraded MCD from Neutral to Buy, citing a variety of positives, including strong same store sale, relative immunity from macroeconomic pressures and excellent execution.

Here’s how top fast food stocks are trading now:

  • McDonald’s Corp. (NYSE:MCD): The shares recently traded at $94.70, up $1.44, or 1.54%. Its market capitalization is $96.90 billion. They have traded in a 52-week range of $72.14 to $95.45. Volume today was 1,574,934 shares versus a 3-month average volume of 7,166,150 shares. The company’s trailing P/E is 18.58, while trailing earnings are $5.10 per share. The company pays a dividend of $2.80 per share for a dividend yield of 3.00%. About the company: McDonald’s Corporation operates and franchises fast-food restaurants worldwide. The Company’s franchised and company operated fast food restaurants offer a variety of low price fast foods in locations around the world. Get the most recent company news and stock data here >>
  • Yum! Brands, Inc. (NYSE:YUM): The shares recently traded at $55.51, up $0.77, or 1.41%. Its market capitalization is $25.56 billion. They have traded in a 52-week range of $46.27 to $57.75. Volume today was 643,231 shares versus a 3-month average volume of 4,743,640 shares. The company’s trailing P/E is 21.78, while trailing earnings are $2.55 per share. The company pays a dividend of $1.14 per share for a dividend yield of 2.00%. About the company: Yum! Brands, Inc, owns and franchises quick-service restaurants worldwide. The Company develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of food items. Get the most recent company news and stock data here >>
  • Wendy’s/Arby’s Group, Inc. (NYSE:WEN): The shares recently traded at $5.24, up $0.07, or 1.35%. Its market capitalization is $2.08 billion. They have traded in a 52-week range of $4.29 to $5.62. Volume today was 1,682,799 shares versus a 3-month average volume of 5,491,100 shares. The company’s trailing earnings are $-0.00 per share. The company pays a dividend of $0.08 per share for a dividend yield of 1.50%. About the company: Wendy’s/Arby’s Group, Inc. is a holding company. Through its subsidiaries, the Company owns, operates, and franchises fast-food restaurants in the United States. Get the most recent company news and stock data here >>

Don’t Miss: Here’s Why Black Friday Is Starting Early This Year.