McDonald’s Co. (NYSE:MCD) Receives $320.78 Average Target Price from Brokerages

Shares of McDonald’s Co. (NYSE:MCD) have received a consensus rating of “Moderate Buy” from the twenty-seven research firms that are presently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $320.87.

MCD has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on McDonald’s from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Guggenheim cut McDonald’s from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, October 23rd. Morgan Stanley decreased their price target on shares of McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Loop Capital reaffirmed a “buy” rating and set a $342.00 price objective on shares of McDonald’s in a research report on Friday, January 3rd. Finally, Truist Financial cut their price target on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th.

Insider Transactions at McDonald’s

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares in the company, valued at $2,807,201.25. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 300 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the transaction, the insider now directly owns 7,887 shares of the company’s stock, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,406 shares of company stock valued at $2,150,857 in the last ninety days. 0.23% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On McDonald’s

Several hedge funds have recently modified their holdings of MCD. Legacy Investment Solutions LLC acquired a new position in McDonald’s in the third quarter valued at $25,000. Comprehensive Financial Planning Inc. PA acquired a new stake in McDonald’s in the 4th quarter valued at $27,000. Collier Financial purchased a new stake in shares of McDonald’s during the 4th quarter valued at about $29,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s during the third quarter valued at approximately $31,000. Finally, Hara Capital LLC purchased a new stake in McDonald’s during the 3rd quarter worth $44,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Up 0.0 %

Shares of NYSE MCD opened at $290.19 on Friday. The company has a 50-day moving average of $291.11 and a 200 day moving average of $289.24. The stock has a market cap of $207.96 billion, a PE ratio of 25.48, a P/E/G ratio of 3.66 and a beta of 0.73. McDonald’s has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. McDonald’s’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $3.19 earnings per share. On average, sell-side analysts forecast that McDonald’s will post 11.72 EPS for the current fiscal year.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.