By otakuyassine3@gmail.com 
McDonald’s (NYSE:MCD – Free Report) had its price objective increased by Citigroup from $334.00 to $336.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the fast-food giant’s stock.
Several other research firms also recently weighed in on MCD. Morgan Stanley dropped their price objective on McDonald’s from $340.00 to $336.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Wedbush reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of McDonald’s in a research note on Wednesday, October 23rd. Baird R W downgraded McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Loop Capital reaffirmed a “buy” rating and issued a $342.00 price objective on shares of McDonald’s in a research note on Friday, January 3rd. Finally, TD Cowen reaffirmed a “hold” rating and issued a $300.00 price objective on shares of McDonald’s in a research note on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and an average target price of $320.87.
Get Our Latest Research Report on McDonald’s
McDonald’s Trading Down 0.6 %
Shares of MCD stock opened at $291.48 on Tuesday. The company has a market cap of $208.88 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 3.66 and a beta of 0.73. The stock has a 50 day simple moving average of $291.11 and a 200-day simple moving average of $288.97. McDonald’s has a 12-month low of $243.53 and a 12-month high of $317.90.
McDonald’s (NYSE:MCD – Get Free Report) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the business posted $3.19 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts forecast that McDonald’s will post 11.72 earnings per share for the current fiscal year.
Insider Activity at McDonald’s
In related news, insider Joseph M. Erlinger sold 300 shares of McDonald’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $280.75, for a total value of $84,225.00. Following the transaction, the insider now owns 7,887 shares in the company, valued at approximately $2,214,275.25. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of McDonald’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the transaction, the executive vice president now owns 9,675 shares in the company, valued at $2,807,201.25. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,905 shares of company stock worth $2,592,327. 0.23% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new position in McDonald’s in the third quarter valued at about $25,000. RPg Family Wealth Advisory LLC purchased a new position in McDonald’s in the third quarter valued at about $31,000. Hara Capital LLC purchased a new position in McDonald’s in the third quarter valued at about $44,000. Financial Life Planners purchased a new position in McDonald’s in the fourth quarter valued at about $49,000. Finally, Peterson Financial Group Inc. purchased a new position in McDonald’s in the third quarter valued at about $58,000. 70.29% of the stock is owned by hedge funds and other institutional investors.
McDonald’s Company Profile
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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