Research Analysts’ Recent Ratings Updates for McDonald’s (MCD)

A number of firms have modified their ratings and price targets on shares of McDonald’s (NYSE: MCD) recently:

• 10/30/2024 – McDonald’s had its price target raised by analysts at BMO Capital Markets from $315.00 to $335.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – McDonald’s had its price target raised by analysts at Bank of America Co. from $321.00 to $324.00. They now have a “neutral” rating on the stock.
• 10/30/2024 – McDonald’s had its price target lowered by analysts at Truist Financial Co. from $350.00 to $342.00. They now have a “buy” rating on the stock.
• 10/29/2024 – McDonald’s had its “hold” rating reaffirmed by analysts at TD Cowen. They now have a $300.00 price target on the stock.
• 10/23/2024 – McDonald’s had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $295.00 price target on the stock.
• 10/23/2024 – McDonald’s was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating. They now have a $285.00 price target on the stock, down previously from $290.00.
• 10/23/2024 – McDonald’s was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $290.00 price target on the stock, down previously from $320.00.
• 10/23/2024 – McDonald’s was downgraded by analysts at Baird R W from a “strong-buy” rating to a “hold” rating.
• 10/23/2024 – McDonald’s had its “hold” rating reaffirmed by analysts at TD Cowen. They now have a $300.00 price target on the stock.
• 10/22/2024 – McDonald’s had its price target raised by analysts at Barclays PLC from $300.00 to $325.00. They now have an “overweight” rating on the stock.
• 10/21/2024 – McDonald’s had its price target raised by analysts at Wells Fargo & Company from $285.00 to $350.00. They now have an “overweight” rating on the stock.
• 10/21/2024 – McDonald’s had its price target raised by analysts at Bank of America Co. from $308.00 to $322.00. They now have a “neutral” rating on the stock.
• 10/18/2024 – McDonald’s had its “buy” rating reaffirmed by analysts at Loop Capital.
• 10/16/2024 – McDonald’s had its price target raised by analysts at TD Cowen from $280.00 to $300.00. They now have a “hold” rating on the stock.
• 10/15/2024 – McDonald’s had its price target raised by analysts at Morgan Stanley from $296.00 to $340.00. They now have an “overweight” rating on the stock.
• 10/15/2024 – McDonald’s had its price target raised by analysts at Evercore ISI from $320.00 to $340.00. They now have an “outperform” rating on the stock.
• 10/15/2024 – McDonald’s had its price target raised by analysts at Truist Financial Co. from $295.00 to $350.00. They now have a “buy” rating on the stock.
• 10/9/2024 – McDonald’s had its price target raised by analysts at UBS Group AG from $305.00 to $345.00. They now have a “buy” rating on the stock.
• 10/8/2024 – McDonald’s was upgraded by analysts at Argus from a “hold” rating to a “buy” rating.
• 10/7/2024 – McDonald’s had its price target raised by analysts at KeyCorp from $305.00 to $330.00. They now have an “overweight” rating on the stock.
• 10/2/2024 – McDonald’s had its price target raised by analysts at Citigroup Inc. from $301.00 to $317.00. They now have a “neutral” rating on the stock.
• 9/26/2024 – McDonald’s had its price target raised by analysts at Robert W. Baird from $280.00 to $320.00. They now have an “outperform” rating on the stock.
• 9/24/2024 – McDonald’s had its price target raised by analysts at The Goldman Sachs Group, Inc. from $284.00 to $325.00. They now have a “neutral” rating on the stock.
• 9/23/2024 – McDonald’s had its “hold” rating reaffirmed by analysts at TD Cowen. They now have a $280.00 price target on the stock.
• 9/16/2024 – McDonald’s had its price target raised by analysts at JPMorgan Chase & Co. from $270.00 to $290.00. They now have an “overweight” rating on the stock.
• 9/13/2024 – McDonald’s had its price target raised by analysts at Citigroup Inc. from $275.00 to $301.00. They now have a “neutral” rating on the stock.
• 9/10/2024 – McDonald’s had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $342.00 price target on the stock.
• 9/9/2024 – McDonald’s had its price target raised by analysts at Jefferies Financial Group Inc. from $310.00 to $330.00. They now have a “buy” rating on the stock.

McDonald’s Stock Up 1.5 %

NYSE:MCD opened at $297.19 on Wednesday. The company has a market capitalization of $213.19 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.92 and a beta of 0.74. McDonald’s Co. has a 52 week low of $243.53 and a 52 week high of $317.90. The stock’s fifty day moving average is $298.60 and its two-hundred day moving average is $276.23.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a net margin of 31.79% and a negative return on equity of 178.99%. The company had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the company posted $3.19 earnings per share. McDonald’s’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts anticipate that McDonald’s Co. will post 11.77 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from McDonald’s’s previous quarterly dividend of $1.67. McDonald’s’s dividend payout ratio (DPR) is 58.65%.

Insider Buying and Selling at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total value of $316,992.60. Following the completion of the transaction, the insider now owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Marion K. Gross sold 1,499 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $459,435.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,596 shares of company stock valued at $10,698,289 over the last quarter. 0.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MCD. Kings Path Partners LLC acquired a new position in shares of McDonald’s during the second quarter worth about $38,000. Hara Capital LLC purchased a new stake in shares of McDonald’s in the 3rd quarter valued at approximately $44,000. Opal Wealth Advisors LLC purchased a new stake in shares of McDonald’s in the 2nd quarter valued at approximately $59,000. Bbjs Financial Advisors LLC purchased a new stake in shares of McDonald’s during the 2nd quarter worth $65,000. Finally, Macroview Investment Management LLC grew its stake in shares of McDonald’s by 433.3% during the second quarter. Macroview Investment Management LLC now owns 256 shares of the fast-food giant’s stock worth $65,000 after purchasing an additional 208 shares in the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

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.