McDonald’s (NYSE:MCD) Receives “Buy” Rating from TD Cowen

McDonald’s (NYSE:MCD)‘s stock had its “buy” rating restated by stock analysts at TD Cowen in a report issued on Tuesday, Benzinga reports. They currently have a $305.00 target price on the fast-food giant’s stock. TD Cowen’s price objective would suggest a potential upside of 11.53% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Oppenheimer reissued a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Evercore ISI reissued an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a research note on Wednesday, March 27th. BTIG Research downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Argus reissued a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Finally, Citigroup dropped their price objective on shares of McDonald’s from $312.00 to $297.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.67.

McDonald’s Stock Down 0.0 %

Shares of MCD traded down $0.07 on Tuesday, reaching $273.48. The stock had a trading volume of 3,976,917 shares, compared to its average volume of 3,278,105. The firm has a 50-day moving average of $281.31 and a 200 day moving average of $282.15. The firm has a market capitalization of $197.18 billion, a PE ratio of 23.65, a PEG ratio of 2.98 and a beta of 0.71. McDonald’s has a twelve month low of $245.73 and a twelve month high of $302.39.

McDonald’s (NYSE:MCD) last announced its quarterly earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the prior year, the business earned $2.63 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that McDonald’s will post 12.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on 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 $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On McDonald’s

Several institutional investors and hedge funds have recently bought and sold shares of MCD. Dixon Mitchell Investment Counsel Inc. bought a new stake in McDonald’s during the 1st quarter valued at $28,000. Signature Resources Capital Management LLC bought a new position in McDonald’s in the 4th quarter valued at $31,000. Blue Bell Private Wealth Management LLC increased its position in shares of McDonald’s by 51.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 123 shares of the fast-food giant’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of McDonald’s in the 3rd quarter worth about $33,000. Finally, Clear Investment Research LLC bought a new position in McDonald’s during the fourth quarter valued at about $38,000. Institutional investors own 70.29% of the company’s stock.

About McDonald’s

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.