McDonald’s Co. (NYSE:MCD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of McDonald’s Co. (NYSE:MCD) have received an average rating of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $320.65.

Several research analysts have recently commented on the company. UBS Group raised their price objective on McDonald’s from $305.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird downgraded shares of McDonald’s from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $320.00 to $290.00 in a report on Wednesday, October 23rd. Baird R W cut shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barclays raised their price objective on shares of McDonald’s from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial cut their price target on McDonald’s from $350.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th.

McDonald’s Trading Up 0.8 %

Shares of MCD stock opened at $294.78 on Wednesday. McDonald’s has a 12 month low of $243.53 and a 12 month high of $317.90. The stock has a market cap of $211.25 billion, a P/E ratio of 25.88, a P/E/G ratio of 3.95 and a beta of 0.73. The company has a 50 day simple moving average of $294.61 and a two-hundred day simple moving average of $285.42.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.18 by $0.05. The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. McDonald’s’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.19 EPS. As a group, equities analysts forecast that McDonald’s will post 11.75 earnings per share for the current year.

Insider Activity

In other news, EVP Desiree Ralls-Morrison sold 3,409 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now owns 9,675 shares in the company, valued at approximately $2,807,201.25. This trade represents a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Edith Morgan Flatley sold 2,346 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $310.00, for a total transaction of $727,260.00. Following the transaction, the chief marketing officer now owns 2,905 shares in the company, valued at $900,550. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,050 shares of company stock worth $3,556,688. 0.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new position in McDonald’s during the 3rd quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s during the third quarter valued at $31,000. Hara Capital LLC bought a new position in shares of McDonald’s in the third quarter worth about $44,000. Peterson Financial Group Inc. purchased a new position in McDonald’s in the 3rd quarter worth about $58,000. Finally, FSA Wealth Management LLC bought a new stake in McDonald’s during the 3rd quarter valued at about $72,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

About McDonald’s

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.