McDonald’s (NYSE:MCD) PT Lowered to $265.00

McDonald’s (NYSE:MCD) had its target price reduced by research analysts at Stifel Nicolaus from $285.00 to $265.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the fast-food giant’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 4.33% from the stock’s previous close.

Several other research firms have also weighed in on MCD. The Goldman Sachs Group began coverage on shares of McDonald’s in a research note on Thursday, June 13th. They set a “neutral” rating and a $288.00 price objective on the stock. Wedbush restated an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research report on Friday, July 19th. TD Cowen decreased their target price on shares of McDonald’s from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. BMO Capital Markets decreased their target price on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, Robert W. Baird decreased their price objective on shares of McDonald’s from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Ten equities research analysts have rated the stock with a hold rating and nineteen 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 price target of $308.57.

McDonald’s Price Performance

NYSE:MCD opened at $254.01 on Monday. The stock has a market cap of $183.06 billion, a P/E ratio of 21.56, a PEG ratio of 2.99 and a beta of 0.71. The firm has a 50-day moving average of $256.71 and a two-hundred day moving average of $274.37. McDonald’s has a 1-year low of $243.53 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last issued 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 company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a net margin of 33.36% and a negative return on equity of 180.74%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.63 EPS. As a group, equities analysts expect that McDonald’s will post 12.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the completion of the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Jonathan Banner sold 800 shares of McDonald’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $275.02, for a total transaction of $220,016.00. Following the completion of the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at approximately $5,225.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marion K. Gross sold 1,498 shares of McDonald’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $387,285.60. The disclosure for this sale can be found here. Insiders have sold 5,594 shares of company stock worth $1,454,507 in the last ninety days. Insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On McDonald’s

Several institutional investors have recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of McDonald’s in the first quarter worth about $28,000. Signature Resources Capital Management LLC bought a new position in shares of McDonald’s in the fourth quarter worth about $31,000. Clear Investment Research LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $38,000. Keener Financial Planning LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $39,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of McDonald’s during the 4th quarter worth approximately $39,000. 70.29% of the stock is owned by 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.