McDonald’s (NYSE:MCD) Stock Gets Price Target Increase from Wells Fargo & Company

McDonald’s (NYSE:MCD) had its price objective lifted by stock analysts at Wells Fargo & Company from $270.00 to $300.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the fast-food giant’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 8.56% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. DZ Bank reaffirmed a “buy” rating on shares of McDonald’s in a report on Thursday, September 24th. Needham & Company LLC restated a “buy” rating on shares of McDonald’s in a research report on Monday, September 21st. Weiss Ratings downgraded McDonald’s from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Evercore cut their price target on McDonald’s from $320.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Finally, Mizuho decreased their price objective on shares of McDonald’s from $290.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.82.

McDonald’s Price Performance

McDonald’s stock traded down $1.68 during mid-day trading on Thursday, reaching $276.36. The company had a trading volume of 6,331,310 shares, compared to its average volume of 5,495,061. The stock’s 50-day simple moving average is $248.76 and its 200-day simple moving average is $282.57. McDonald’s has a 1 year low of $229.20 and a 1 year high of $341.75. The company has a market capitalization of $195.56 billion, a P/E ratio of 21.86, a P/E/G ratio of 3.03 and a beta of 0.42.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Wednesday, November 4th. The fast-food giant reported $3.57 EPS for the quarter, topping the consensus estimate of $3.38 by $0.19. The business had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.28 billion. McDonald’s had a negative return on equity of 572.06% and a net margin of 31.72%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.22 EPS. On average, equities analysts forecast that McDonald’s will post 12.84 EPS for the current fiscal year.

Institutional Trading of McDonald’s

A number of large investors have recently made changes to their positions in MCD. Legacy Wealth Managment LLC ID raised its stake in McDonald’s by 11.0% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 372 shares of the fast-food giant’s stock valued at $116,000 after purchasing an additional 37 shares during the last quarter. Millstone Evans Group LLC lifted its holdings in McDonald’s by 2.5% in the 1st quarter. Millstone Evans Group LLC now owns 1,532 shares of the fast-food giant’s stock valued at $476,000 after purchasing an additional 38 shares in the last quarter. Signature Equity Partners LLC boosted its stake in shares of McDonald’s by 3.6% during the 1st quarter. Signature Equity Partners LLC now owns 1,087 shares of the fast-food giant’s stock worth $338,000 after purchasing an additional 38 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of McDonald’s by 1.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 4,019 shares of the fast-food giant’s stock worth $1,086,000 after purchasing an additional 38 shares during the last quarter. Finally, Parkwoods Wealth Partners LLC grew its holdings in shares of McDonald’s by 4.5% during the second quarter. Parkwoods Wealth Partners LLC now owns 891 shares of the fast-food giant’s stock worth $241,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

More McDonald’s News

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: Argus raised its price target to $320 from $310 and reiterated a “buy” rating, signaling confidence in the stock’s prospects. Argus rating
• Neutral Sentiment: McDonald’s is testing value bundles at nearly 2,000 U.S. restaurants, ahead of a planned national value platform in early 2027. The deals may help bring back customers, but the company is still assessing their effect on traffic and orders. McDonald’s value-bundle test
• Neutral Sentiment: Third-quarter profit beat analyst estimates, but revenue missed and U.S. comparable sales declined. That mixed backdrop helps explain why investors are watching for evidence that value promotions can sustain a domestic recovery. Q3 earnings and U.S. traffic
• Negative Sentiment: Consumers have filed a lawsuit alleging McDonald’s labeled McCafé drinks “sugar free” despite some containing as much as 18 grams of sugar. The allegations are unproven, but the case could create legal and reputational risk. McCafé labeling lawsuit
• Negative Sentiment: Freedom Broker cut its rating from “buy” to “hold” and lowered its price target to $298 from $305, adding a more cautious view alongside the recent analyst optimism. Freedom Broker rating change

About McDonald’s

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.