TD Cowen Cuts McDonald’s (NYSE:MCD) Price Target to $282.00

McDonald’s (NYSE:MCD) had its price objective reduced by research analysts at TD Cowen from $300.00 to $282.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the fast-food giant’s stock. TD Cowen’s target price points to a potential upside of 11.57% from the stock’s current price.

MCD has been the subject of a number of other research reports. Guggenheim reduced their price objective on McDonald’s from $320.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Robert W. Baird raised McDonald’s to a “hold” rating in a report on Monday, August 24th. BTIG Research reissued a “buy” rating and issued a $350.00 target price on shares of McDonald’s in a research note on Wednesday, August 5th. UBS Group set a $305.00 price target on McDonald’s in a report on Wednesday, August 5th. Finally, Evercore set a $320.00 price target on McDonald’s in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $320.57.

McDonald’s Stock Performance

Shares of MCD opened at $252.76 on Friday. McDonald’s has a fifty-two week low of $252.54 and a fifty-two week high of $341.75. The firm’s 50-day simple moving average is $268.25 and its two-hundred day simple moving average is $287.04. The stock has a market cap of $178.87 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 2.73 and a beta of 0.41.

McDonald’s (NYSE:MCD) last released its earnings results on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.06. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $7.13 billion. During the same period last year, the business earned $3.19 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that McDonald’s will post 12.88 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. California State Teachers Retirement System boosted its holdings in shares of McDonald’s by 27,036.7% during the 2nd quarter. California State Teachers Retirement System now owns 302,891,546 shares of the fast-food giant’s stock valued at $81,874,614,000 after acquiring an additional 301,775,375 shares during the last quarter. Norges Bank bought a new position in McDonald’s during the fourth quarter valued at approximately $2,890,438,000. Bank of New York Mellon Corp purchased a new stake in McDonald’s in the second quarter worth approximately $1,359,276,000. Diamant Asset Management Inc. boosted its holdings in McDonald’s by 30,979.0% in the first quarter. Diamant Asset Management Inc. now owns 2,596,340 shares of the fast-food giant’s stock worth $806,917,000 after purchasing an additional 2,587,986 shares during the last quarter. Finally, J. Stern & Co. LLP grew its position in McDonald’s by 9,867.5% in the 4th quarter. J. Stern & Co. LLP now owns 2,541,008 shares of the fast-food giant’s stock worth $776,608,000 after purchasing an additional 2,515,515 shares during the period. Hedge funds and other institutional investors 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: McDonald’s is rolling out a SpongeBob SquarePants and One Piece Happy Meal collaboration, which could boost family traffic, brand engagement and near-term sales. SpongeBob and One Piece Happy Meal collaboration
• Positive Sentiment: New seasonal menu offerings, including a fall latte and an exclusive limited-time meal, could support visits and product interest, although their financial impact is likely limited unless they generate sustained demand. New fall latte
• Neutral Sentiment: National Cheeseburger Day promotions, including free or discounted Double Cheeseburgers, are designed to drive traffic but may also reduce average checks or restaurant margins. National Cheeseburger Day promotion
• Neutral Sentiment: MCD is attracting elevated attention among Zacks users, but the report provides no new earnings, guidance or valuation catalyst to explain a sustained move in the shares. McDonald’s investor attention
• Negative Sentiment: Erste Group Bank lowered its FY2027 EPS estimate for McDonald’s to $13.96 from $14.00. While the reduction is small, it reinforces concerns about limited earnings-growth momentum. McDonald’s analyst estimate update
• Negative Sentiment: Coverage highlighting MCD’s new one-year low signals continued technical weakness and may encourage additional selling, particularly because the shares remain below their 50-day and 200-day moving averages. McDonald’s new one-year low

McDonald’s Company Profile

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.