McDonald’s (NYSE:MCD- Get a rating) had its price target raised by BMO Capital Markets from $285.00 to $300.00 in a research report released on Tuesday, Fly reports. BMO Capital Markets’ price target would point to a potential upside of 13.02% from the stock’s previous close.
MCD has been the subject of a number of other reports. Robert W. Baird set a price target of $285.00 on McDonald’s stock in a Tuesday, July 19 research report. Jefferies Financial Group cut its price target on McDonald’s shares from $306.00 to $298.00 and set a “buy” rating for the company in a Wednesday, July 27 research report. KeyCorp raised its price target on McDonald’s stock from $285.00 to $290.00 and gave the company an “overweight” rating in a Wednesday, July 27 research report. Cowen raised its price target on McDonald’s shares from $275.00 to $290.00 and gave the company an “outperform” rating in a Wednesday, July 27 research report. Finally, Atlantic Securities upgraded McDonald’s shares from a “neutral” rating to an “overweight” rating and raised its price target for the company from $245.00 to $278.00 in a Wednesday research report. June 29. Seven research analysts gave the stock a hold rating and twenty-two gave the company’s stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $284.74.
Performance of McDonald’s shares
NYSE MCD opened at $265.44 on Tuesday. McDonald’s has a 52-week low of $217.68 and a 52-week high of $271.15. The company has a 50-day simple moving average of $251.40 and a 200-day simple moving average of $248.11. The company has a market capitalization of $195.29 billion, a PE ratio of 32.69, a growth price-earnings ratio of 3.20 and a beta of 0.56.
McDonald’s (NYSE:MCD- Get a rating) last released its quarterly earnings data on Tuesday, July 26. The fast-food giant reported earnings per share (EPS) of $2.55 for the quarter, beating analyst consensus estimates of $2.47 by $0.08. The company posted revenue of $5.72 billion in the quarter, versus a consensus estimate of $5.82 billion. McDonald’s had a net margin of 25.77% and a negative return on equity of 129.90%. The company’s quarterly revenue fell 2.9% from the same quarter last year. In the same quarter last year, the company posted earnings per share of $2.37. As a group, analysts expect McDonald’s to post an EPS of 9.8 for the current fiscal year.
Insiders place their bets
In other McDonald’s news, please Catherine A. Hoovel sold 2,371 shares of the company in a trade dated Wednesday, July 27. The stock was sold at an average price of $255.62, for a total value of $606,075.02. Following the completion of the transaction, the senior vice president now owns 1,184 shares of the company, valued at approximately $302,654.08. The sale was disclosed in a legal filing with the SEC, which is available via this link. In addition, SVP Catherine A. Hoovel sold 2,371 shares of the company in a transaction dated Wednesday, July 27. The shares were sold at an average price of $255.62, for a total transaction of $606,075.02. Following the completion of the sale, the senior vice president now owns 1,184 shares of the company, valued at approximately $302,654.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. Also, insider Ian Frederick Borden sold 5,320 shares of the company in a transaction dated Monday, August 1. The shares were sold at an average price of $265.00, for a total transaction of $1,409,800.00. Following the sale, the insider now directly owns 7,131 shares of the company, valued at approximately $1,889,715. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 20,191 shares of the company valued at $5,250,365. 0.18% of the shares are held by insiders.
Institutional entries and exits
Hedge funds have recently changed their positions in the stock. Vanguard Group Inc. increased its stake in McDonald’s by 1.6% in the first quarter. Vanguard Group Inc. now owns 67,004,180 shares of the fast-food giant worth $16,568,793,000 after purchasing an additional 1,039,187 shares during the period. BlackRock Inc. increased its stake in McDonald’s by 4.5% in the fourth quarter. BlackRock Inc. now owns 52,918,755 shares of the fast-food giant worth $14,185,930,000 after purchasing an additional 2,294,758 shares during the period. State Street Corp increased its position in McDonald’s shares by 2.9% during the fourth quarter. State Street Corp now owns 36,973,382 shares of the fast-food giant valued at $9,911,455,000 after acquiring an additional 1,033,751 shares in the last quarter. Geode Capital Management LLC increased its position in McDonald’s shares by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 12,846,007 shares of the fast-food giant valued at $3,435,310,000 after acquiring an additional 257,679 shares in the last quarter. Finally, Norges Bank bought a new position in McDonald’s stock during Q4 valued at approximately $2,060,325,000. 68.44% of the shares are currently held by institutional investors.
McDonald’s Company Profile
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and around the world. Its restaurants offer burgers and cheeseburgers, sandwiches and chicken nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, baked goods, soft drinks, coffee and beverages and other beverages, as well as the breakfast menu, including cookie and bagel sandwiches, breakfast burritos, rolls and other sandwiches.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider McDonald’s, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and McDonald’s wasn’t on the list.
While McDonald’s currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here