These Analysts Boost Their Forecasts On McDonald's After Q4 Earnings

McDonald’s Corp MCD reported in-line earnings for its fourth quarter on Monday.

The company reported a fourth-quarter sales decline of 0.3% year-on-year to $6.388 billion, missing the analyst consensus estimate of $6.442 billion. Adjusted EPS of $2.83 was in line with the analyst consensus estimate.

Global comparable sales increased 0.4%, while U.S. comparable sales slipped 1.4%. Comparable sales for International Operated Markets segment increased 0.1% and the International Developmental Licensed Markets segment improved 4.1%.

"Accelerating the Arches continues to be the right strategy as we focus on growing market share," said CEO Chris Kempczinski. "We're playing to win, focusing on our customers with outstanding value, exciting menu innovation and culturally relevant marketing."

McDonald’s shares gained 4.8% to close at $308.42 on Monday.

These analysts made changes to their price targets on McDonald’s following earnings announcement.

• Wedbush analyst Nick Setyan maintained McDonald’s with an Outperform and raised the price target from $320 to $330.
• Citigroup analyst Jon Tower maintained McDonald’s with a Buy and raised the price target from $336 to $360.
• Baird analyst David Tarantino maintained the stock with a Neutral and raised the price target from $305 to $310.
• JP Morgan analyst John Ivankoe maintained McDonald’s with an Overweight and boosted the price target from $280 to $300.

Considering buying MCD stock? Here’s what analysts think:

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