McDonald’s (NYSE:MCD – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.
A number of other equities research analysts have also recently issued reports on the stock. Oppenheimer restated a “market perform” rating on shares of McDonald’s in a report on Friday, January 5th. TD Cowen upped their price target on shares of McDonald’s from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, December 7th. Piper Sandler upped their price target on shares of McDonald’s from $273.00 to $299.00 and gave the company a “neutral” rating in a report on Monday, December 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of McDonald’s in a report on Thursday, October 19th. They set a “buy” rating and a $287.00 price target for the company. Finally, KeyCorp reduced their target price on shares of McDonald’s from $330.00 to $310.00 and set an “overweight” rating for the company in a research note on Tuesday, October 17th. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $320.10.
McDonald’s Trading Up 1.6 %
Shares of NYSE:MCD opened at $291.93 on Friday. The stock has a market capitalization of $211.75 billion, a PE ratio of 25.23, a P/E/G ratio of 2.59 and a beta of 0.73. McDonald’s has a 1 year low of $245.73 and a 1 year high of $302.39. The firm has a fifty day moving average price of $292.26 and a 200 day moving average price of $280.26.
McDonald’s (NYSE:MCD – Get Free Report) last issued its quarterly earnings data on Monday, February 5th. The fast-food giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the company posted $2.59 earnings per share. McDonald’s’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that McDonald’s will post 12.43 earnings per share for the current fiscal year.
Insider Transactions at McDonald’s
In other news, insider Joseph M. Erlinger sold 4,583 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,379,960.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Joseph M. Erlinger sold 4,583 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the sale, the insider now directly owns 8,187 shares of the company’s stock, valued at $2,379,960.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph M. Erlinger sold 4,487 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $281.25, for a total transaction of $1,261,968.75. Following the sale, the insider now directly owns 8,908 shares in the company, valued at $2,505,375. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.
Hedge Funds Weigh In On McDonald’s
A number of hedge funds and other institutional investors have recently bought and sold shares of MCD. Prestige Wealth Management Group LLC boosted its position in shares of McDonald’s by 2.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 3,344 shares of the fast-food giant’s stock worth $992,000 after purchasing an additional 70 shares in the last quarter. Manchester Capital Management LLC boosted its position in shares of McDonald’s by 1.1% during the fourth quarter. Manchester Capital Management LLC now owns 7,548 shares of the fast-food giant’s stock worth $2,238,000 after purchasing an additional 79 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in shares of McDonald’s by 0.4% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 12,261 shares of the fast-food giant’s stock worth $3,635,000 after purchasing an additional 46 shares in the last quarter. Mizuho Markets Americas LLC boosted its position in shares of McDonald’s by 60.4% during the fourth quarter. Mizuho Markets Americas LLC now owns 17,580 shares of the fast-food giant’s stock worth $5,213,000 after purchasing an additional 6,620 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of McDonald’s by 1.5% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 25,841 shares of the fast-food giant’s stock worth $7,662,000 after purchasing an additional 393 shares in the last quarter. 67.60% of the stock is owned by institutional investors.
McDonald’s Company Profile
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. The company’s restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, fries, salads, shakes, frozen desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including muffins, Sausages, biscuit and bagel sandwiches, oatmeal, hash browns, breakfast burritos and hotcakes.