McDonald’s (NYSE:MCD) Rating Reiterated by TD Cowen

McDonald’s (NYSE:MCD)‘s stock had its “buy” rating reiterated by TD Cowen in a note issued to investors on Tuesday, Benzinga reports. They presently have a $305.00 price objective on the fast-food giant’s stock. TD Cowen’s price target would suggest a potential upside of 11.53% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Barclays lowered their price target on McDonald’s from $343.00 to $340.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Evercore ISI restated an “outperform” rating and issued a $330.00 price target on shares of McDonald’s in a research report on Wednesday, March 27th. BTIG Research downgraded McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Citigroup cut their price objective on McDonald’s from $312.00 to $297.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Finally, Oppenheimer restated a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. Nine research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $317.67.

McDonald’s Stock Performance

Shares of NYSE MCD traded down $0.07 during trading hours on Tuesday, hitting $273.48. The stock had a trading volume of 3,976,917 shares, compared to its average volume of 3,278,105. The company has a market capitalization of $197.18 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.98 and a beta of 0.71. The firm’s 50-day moving average price is $281.31 and its two-hundred day moving average price is $282.15. McDonald’s has a 52 week low of $245.73 and a 52 week high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.63 earnings per share. As a group, analysts expect that McDonald’s will post 12.34 EPS for the current fiscal year.

Insider Buying and Selling

In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares of the company’s stock, valued at $4,696,517.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now directly owns 18,075 shares in the company, valued at approximately $5,140,168.50. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of McDonald’s during the 4th quarter valued at about $2,684,899,000. Gallagher Fiduciary Advisors LLC grew its holdings in shares of McDonald’s by 141,160.9% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,613,710 shares of the fast-food giant’s stock valued at $1,664,521,000 after purchasing an additional 5,609,736 shares during the last quarter. International Assets Investment Management LLC boosted its position in McDonald’s by 10,702.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,174,426 shares of the fast-food giant’s stock valued at $644,739,000 after buying an additional 2,154,297 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of McDonald’s by 15.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,347,048 shares of the fast-food giant’s stock worth $2,178,474,000 after buying an additional 987,099 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in McDonald’s during the 3rd quarter valued at about $192,165,000. Institutional investors own 70.29% of the company’s stock.

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.