McDonald’s (NYSE:MCD) PT Raised to $325.00 at Barclays

McDonald’s (NYSE:MCD) had its price objective upped by Barclays from $300.00 to $325.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the fast-food giant’s stock. Barclays‘s target price would suggest a potential upside of 8.79% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group increased their price objective on McDonald’s from $284.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. lifted their price target on shares of McDonald’s from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Wells Fargo & Company upped their price objective on shares of McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday. Tigress Financial lifted their target price on shares of McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets decreased their price target on shares of McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Twelve research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and an average target price of $318.22.

McDonald’s Stock Down 5.1 %

Shares of NYSE MCD opened at $298.75 on Tuesday. The firm’s fifty day moving average is $296.97 and its 200 day moving average is $274.51. McDonald’s has a 52 week low of $243.53 and a 52 week high of $317.90. The company has a market cap of $215.30 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 4.05 and a beta of 0.73.

McDonald’s (NYSE:MCD) last released its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.10). The firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. McDonald’s’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.17 EPS. Equities research analysts anticipate that McDonald’s will post 11.71 earnings per share for the current year.

Insider Transactions at McDonald’s

In related news, CMO Edith Morgan Flatley sold 2,346 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the sale, the chief marketing officer now directly owns 2,905 shares of the company’s stock, valued at $900,550. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Joseph M. Erlinger sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the transaction, the insider now directly owns 12,583 shares of the company’s stock, valued at $3,632,712.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $310.00, for a total transaction of $727,260.00. Following the completion of the sale, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,998 shares of company stock worth $9,935,493 over the last quarter. 0.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On McDonald’s

A number of hedge funds have recently added to or reduced their stakes in MCD. Dixon Mitchell Investment Counsel Inc. bought a new position in McDonald’s in the first quarter valued at about $28,000. Kings Path Partners LLC purchased a new stake in shares of McDonald’s during the 2nd quarter valued at about $38,000. Keener Financial Planning LLC lifted its stake in shares of McDonald’s by 32.3% in the 1st quarter. Keener Financial Planning LLC now owns 176 shares of the fast-food giant’s stock worth $50,000 after purchasing an additional 43 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of McDonald’s in the second quarter worth approximately $59,000. Finally, Bbjs Financial Advisors LLC bought a new stake in McDonald’s during the second quarter valued at approximately $65,000. 70.29% of the stock is currently 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.