McDonald’s (NYSE:MCD) PT Lowered to $335.00 at Royal Bank of Canada

McDonald’s (NYSE:MCDFree Report) had its price target trimmed by Royal Bank of Canada from $340.00 to $335.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an outperform rating on the fast-food giant’s stock.

A number of other equities analysts also recently commented on the stock. Wedbush restated an outperform rating and issued a $330.00 target price on shares of McDonald’s in a research note on Tuesday. BMO Capital Markets upped their target price on shares of McDonald’s from $325.00 to $335.00 and gave the stock an outperform rating in a research note on Thursday, December 7th. DZ Bank upgraded shares of McDonald’s from a hold rating to a buy rating and set a $300.00 target price on the stock in a research note on Tuesday, October 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of McDonald’s in a research report on Thursday, October 19th. They issued a buy rating and a $287.00 price target for the company. Finally, Citigroup lifted their price objective on shares of McDonald’s from $280.00 to $310.00 and gave the company a neutral rating in a report on Thursday, November 30th. Six research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, McDonald’s currently has an average rating of Moderate Buy and an average target price of $320.10.

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McDonald’s Trading Down 0.5 %

Shares of NYSE:MCD opened at $284.65 on Tuesday. The company has a market capitalization of $206.47 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 2.52 and a beta of 0.73. McDonald’s has a 12 month low of $245.73 and a 12 month high of $302.39. The firm’s 50-day moving average is $291.92 and its 200 day moving average is $280.13.

McDonald’s (NYSE:MCDGet Free Report) last issued its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.59 EPS. As a group, equities analysts forecast that McDonald’s will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Joseph M. Erlinger sold 4,487 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 8,908 shares of the company’s stock, valued at $2,505,375. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Joseph M. Erlinger sold 4,487 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 8,908 shares of the company’s stock, valued at $2,505,375. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 4,583 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $290.70, for a total transaction of $1,332,278.10. Following the transaction, the insider now directly owns 8,187 shares of the company’s stock, valued at approximately $2,379,960.90. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in McDonald’s by 0.4% in the third quarter. Vanguard Group Inc. now owns 68,449,565 shares of the fast-food giant’s stock valued at $18,032,353,000 after buying an additional 262,147 shares in the last quarter. State Street Corp increased its holdings in McDonald’s by 1.4% in the second quarter. State Street Corp now owns 34,077,338 shares of the fast-food giant’s stock valued at $10,169,018,000 after buying an additional 485,066 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in McDonald’s by 106,340.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,235,890 shares of the fast-food giant’s stock valued at $5,069,234,000 after buying an additional 19,217,818 shares in the last quarter. Geode Capital Management LLC increased its holdings in McDonald’s by 2.3% in the second quarter. Geode Capital Management LLC now owns 14,227,048 shares of the fast-food giant’s stock valued at $4,235,380,000 after buying an additional 317,922 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of McDonald’s by 1.7% during the third quarter. Northern Trust Corp now owns 9,200,473 shares of the fast-food giant’s stock worth $2,423,773,000 after purchasing an additional 151,161 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

About McDonald’s

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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.

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Analyst Recommendations for McDonald's (NYSE:MCD)

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