McDonald’s (NYSE:MCD – Get Free Report) had its price target cut by equities researchers at Morgan Stanley from $327.00 to $320.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the fast-food giant’s stock. Morgan Stanley’s price target points to a potential upside of 19.68% from the stock’s previous close.
MCD has been the topic of a number of other reports. Stephens reissued an “overweight” rating and issued a $320.00 price objective on shares of McDonald’s in a report on Monday, February 5th. Truist Financial lowered their price target on McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Royal Bank of Canada lowered their price target on McDonald’s from $340.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. UBS Group decreased their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Stifel Nicolaus decreased their target price on McDonald’s from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $320.17.
View Our Latest Stock Report on MCD
McDonald’s Stock Performance
NYSE:MCD traded down $1.23 during mid-day trading on Friday, hitting $267.39. 2,638,500 shares of the company’s stock traded hands, compared to its average volume of 3,243,269. The company has a fifty day moving average of $284.99 and a 200 day moving average of $280.54. McDonald’s has a twelve month low of $245.73 and a twelve month high of $302.39. The company has a market capitalization of $192.79 billion, a P/E ratio of 23.11, a P/E/G ratio of 2.90 and a beta of 0.71.
McDonald’s (NYSE:MCD – Get Free Report) last announced its earnings results on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.12. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.45 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. 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 company posted $2.59 EPS. On average, research analysts expect that McDonald’s will post 12.38 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares in the company, valued at $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.27% of the company’s stock.
Institutional Trading of McDonald’s
Institutional investors have recently bought and sold shares of the business. Shulman DeMeo Asset Management LLC lifted its holdings in McDonald’s by 12.2% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,051 shares of the fast-food giant’s stock worth $312,000 after buying an additional 114 shares during the last quarter. Beaumont Financial Advisors LLC increased its position in shares of McDonald’s by 0.6% during the third quarter. Beaumont Financial Advisors LLC now owns 80,441 shares of the fast-food giant’s stock worth $21,191,000 after purchasing an additional 450 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of McDonald’s by 2.8% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 11,025 shares of the fast-food giant’s stock worth $3,269,000 after purchasing an additional 301 shares in the last quarter. Mengis Capital Management Inc. increased its position in shares of McDonald’s by 7.9% during the third quarter. Mengis Capital Management Inc. now owns 4,522 shares of the fast-food giant’s stock worth $1,191,000 after purchasing an additional 331 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC increased its position in shares of McDonald’s by 7.7% during the third quarter. Garden State Investment Advisory Services LLC now owns 1,227 shares of the fast-food giant’s stock worth $323,000 after purchasing an additional 88 shares in the last quarter. 70.29% of the stock is owned by hedge funds and other institutional investors.
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.
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