McDonald’s Co. (NYSE:MCD) Receives $325.48 Average Price Target from Brokerages

McDonald’s Co. (NYSE:MCD) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-eight brokerages that are currently covering the company, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $325.91.

A number of research firms recently commented on MCD. Truist Financial set a $350.00 target price on shares of McDonald’s in a research report on Friday, May 2nd. Erste Group Bank raised McDonald’s from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. KeyCorp boosted their target price on McDonald’s from $335.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. BMO Capital Markets restated an “outperform” rating and set a $345.00 price target (up previously from $340.00) on shares of McDonald’s in a research note on Monday, May 5th. Finally, Citigroup boosted their price objective on McDonald’s from $353.00 to $364.00 and gave the company a “buy” rating in a research note on Friday, May 2nd.

McDonald’s Price Performance

NYSE:MCD opened at $313.75 on Tuesday. The firm has a market capitalization of $224.35 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 3.10 and a beta of 0.57. The business’s fifty day moving average price is $310.10 and its 200 day moving average price is $300.12. McDonald’s has a 12 month low of $243.53 and a 12 month high of $326.32.

McDonald’s (NYSE:MCD) last issued its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share for the quarter, hitting the consensus estimate of $2.67. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.17 billion. McDonald’s had a negative return on equity of 181.63% and a net margin of 31.73%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $2.70 EPS. As a group, equities analysts anticipate that McDonald’s will post 12.25 EPS for the current year.

Insider Transactions at McDonald’s

In other McDonald’s news, CEO Christopher J. Kempczinski sold 10,500 shares of McDonald’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the completion of the transaction, the chief executive officer now owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Edith Morgan Flatley sold 3,200 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $300.76, for a total transaction of $962,432.00. Following the completion of the sale, the chief marketing officer now owns 9,858 shares in the company, valued at $2,964,892.08. This represents a 24.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,136 shares of company stock valued at $8,676,247 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Institutional Trading of McDonald’s

A number of large investors have recently made changes to their positions in the stock. Mascagni Wealth Management Inc. purchased a new stake in shares of McDonald’s during the fourth quarter worth about $25,000. Atala Financial Inc purchased a new stake in McDonald’s in the 4th quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in McDonald’s in the 4th quarter worth approximately $27,000. Collier Financial acquired a new position in McDonald’s in the 4th quarter valued at $29,000. Finally, Pinney & Scofield Inc. purchased a new position in shares of McDonald’s during the 4th quarter worth $29,000. Institutional investors and hedge funds own 70.29% of the company’s stock.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.