McDonald’s (NYSE:MCD) Rating Reiterated by Erste Group Bank

McDonald’s (NYSE:MCDGet Free Report)‘s stock had its “hold” rating reissued by analysts at Erste Group Bank in a report released on Wednesday, Benzinga reports.

A number of other research analysts have also recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of McDonald’s from $285.00 to $322.00 and gave the company a “hold” rating in a research note on Thursday, January 4th. Barclays dropped their price target on shares of McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. BTIG Research cut shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Evercore ISI restated an “outperform” rating and set a $330.00 price target on shares of McDonald’s in a research note on Wednesday, March 27th. Finally, Stephens restated an “overweight” rating and set a $320.00 price target on shares of McDonald’s in a research note on Monday, February 5th. Nine research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $320.60.

View Our Latest Report on MCD

McDonald’s Stock Down 0.3 %

MCD stock traded down $0.77 during trading on Wednesday, reaching $276.97. The stock had a trading volume of 1,164,842 shares, compared to its average volume of 3,140,508. McDonald’s has a one year low of $245.73 and a one year high of $302.39. The company’s 50 day moving average is $289.21 and its two-hundred day moving average is $280.91. The company has a market capitalization of $199.99 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 3.03 and a beta of 0.71.

McDonald’s (NYSE:MCDGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.59 EPS. As a group, research analysts predict that McDonald’s will post 12.38 earnings per share for the current fiscal year.

Insider Activity at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at approximately $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in McDonald’s by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 69,049,310 shares of the fast-food giant’s stock valued at $20,473,811,000 after purchasing an additional 599,745 shares in the last quarter. State Street Corp increased its stake in McDonald’s by 1.4% during the 2nd quarter. State Street Corp now owns 34,077,338 shares of the fast-food giant’s stock valued at $10,169,018,000 after purchasing an additional 485,066 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in McDonald’s by 106,340.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after purchasing an additional 19,217,818 shares in the last quarter. Northern Trust Corp increased its stake in McDonald’s by 1.7% during the 3rd quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock valued at $2,423,773,000 after purchasing an additional 151,161 shares in the last quarter. Finally, Norges Bank bought a new stake in McDonald’s during the 4th quarter valued at about $2,684,899,000. 70.29% of the stock is owned by hedge funds and other institutional investors.

McDonald’s Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for McDonald's (NYSE:MCD)

Receive News & Ratings for McDonald's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's and related companies with MarketBeat.com's FREE daily email newsletter.