McDonald’s (NYSE:MCD) PT Raised to $301.00 at Citigroup

McDonald’s (NYSE:MCD) had its target price increased by analysts at Citigroup from $275.00 to $301.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the fast-food giant’s stock. Citigroup’s target price points to a potential upside of 1.51% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Morgan Stanley lowered their price objective on McDonald’s from $312.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Evercore ISI lifted their price objective on McDonald’s from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Tigress Financial lifted their price objective on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Wedbush reiterated an “outperform” rating and set a $295.00 price target on shares of McDonald’s in a research report on Monday, July 29th. Finally, Loop Capital reiterated a “buy” rating and set a $342.00 price target on shares of McDonald’s in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $305.37.

McDonald’s Stock Up 1.4 %

NYSE MCD opened at $296.53 on Friday. McDonald’s has a 52-week low of $243.53 and a 52-week high of $302.39. The business’s 50-day moving average price is $272.89 and its 200 day moving average price is $270.64. The firm has a market cap of $213.70 billion, a P/E ratio of 25.17, a P/E/G ratio of 3.88 and a beta of 0.72.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the firm posted $3.17 EPS. McDonald’s’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts anticipate that McDonald’s will post 11.67 earnings per share for the current year.

Insiders Place Their Bets

In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Marion K. Gross sold 1,498 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total transaction of $428,967.28. Following the completion of the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $446,721.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.00, for a total transaction of $285,740.00. Following the sale, the insider now directly owns 13,681 shares of the company’s stock, valued at $3,557,060. The disclosure for this sale can be found here. In the last three months, insiders sold 6,291 shares of company stock valued at $1,689,073. Company insiders own 0.23% of the company’s stock.

Institutional Trading of McDonald’s

Several institutional investors have recently made changes to their positions in the stock. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group grew its stake in shares of McDonald’s by 12.5% during the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 4,738 shares of the fast-food giant’s stock valued at $1,207,000 after buying an additional 528 shares during the period. American Trust boosted its position in McDonald’s by 10.9% during the 2nd quarter. American Trust now owns 7,653 shares of the fast-food giant’s stock worth $1,950,000 after purchasing an additional 754 shares during the period. Heritage Wealth Management Inc. purchased a new stake in McDonald’s during the 2nd quarter worth $2,762,000. Lazari Capital Management Inc. boosted its position in McDonald’s by 20.7% during the 2nd quarter. Lazari Capital Management Inc. now owns 1,928 shares of the fast-food giant’s stock worth $491,000 after purchasing an additional 330 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in McDonald’s during the 2nd quarter worth $52,675,000. 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.