McDonald’s (NYSE:MCD) Price Target Raised to $336.00

McDonald’s (NYSE:MCD) had its price objective upped by Citigroup from $334.00 to $336.00 in a research report released on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the fast-food giant’s stock.

Other research analysts have also recently issued research reports about the stock. UBS Group lifted their price objective on shares of McDonald’s from $305.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets upped their price target on McDonald’s from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Barclays raised their price objective on McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Robert W. Baird downgraded McDonald’s from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $320.00 to $290.00 in a research note on Wednesday, October 23rd. Finally, TD Cowen reissued a “hold” rating and issued a $300.00 price target on shares of McDonald’s in a research note on Tuesday, October 29th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $320.87.

McDonald’s Stock Up 0.0 %

Shares of MCD opened at $290.19 on Tuesday. The stock’s 50-day moving average price is $291.11 and its 200-day moving average price is $289.24. The company has a market capitalization of $207.96 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.66 and a beta of 0.73. McDonald’s has a 52 week low of $243.53 and a 52 week high of $317.90.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.05. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $3.19 EPS. As a group, equities analysts anticipate that McDonald’s will post 11.72 EPS for the current fiscal year.

Insider Activity at McDonald’s

In other news, insider Joseph M. Erlinger sold 300 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $280.75, for a total value of $84,225.00. Following the completion of the sale, the insider now owns 7,887 shares of the company’s stock, valued at $2,214,275.25. This represents a 3.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of McDonald’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $290.95, for a total transaction of $436,134.05. Following the sale, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $453,882. The trade was a 49.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,406 shares of company stock valued at $2,150,857. 0.23% of the stock is owned by company insiders.

Institutional Trading of McDonald’s

A number of hedge funds and other institutional investors have recently modified their holdings of MCD. International Assets Investment Management LLC increased its position in shares of McDonald’s by 31,151.1% during the third quarter. International Assets Investment Management LLC now owns 2,319,142 shares of the fast-food giant’s stock valued at $706,202,000 after acquiring an additional 2,311,721 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in McDonald’s by 542.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 801,858 shares of the fast-food giant’s stock valued at $244,174,000 after purchasing an additional 677,139 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in McDonald’s in the third quarter valued at approximately $121,254,000. Zurich Insurance Group Ltd FI lifted its stake in McDonald’s by 3,580.1% during the third quarter. Zurich Insurance Group Ltd FI now owns 268,650 shares of the fast-food giant’s stock worth $81,807,000 after purchasing an additional 261,350 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in shares of McDonald’s by 26,948.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,752 shares of the fast-food giant’s stock worth $66,023,000 after buying an additional 226,910 shares during the period. 70.29% of the stock is owned by institutional investors and hedge funds.

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.