McDonald’s (NYSE:MCD) Price Target Cut to $315.00

McDonald’s (NYSE:MCD) had its price objective dropped by investment analysts at Guggenheim from $325.00 to $315.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the fast-food giant’s stock. Guggenheim’s target price indicates a potential upside of 16.53% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Truist Financial dropped their price objective on shares of McDonald’s from $337.00 to $320.00 and set a “buy” rating on the stock in a research note on Thursday. Erste Group Bank reiterated a “hold” rating on shares of McDonald’s in a report on Wednesday, April 3rd. Morgan Stanley lowered their target price on McDonald’s from $327.00 to $320.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Oppenheimer reaffirmed a “market perform” rating on shares of McDonald’s in a research note on Friday, January 5th. Finally, Bank of America boosted their price target on McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Nine equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, McDonald’s has an average rating of “Moderate Buy” and a consensus price target of $317.74.

McDonald’s Stock Down 1.1 %

Shares of MCD traded down $2.96 during mid-day trading on Thursday, reaching $270.32. The company’s stock had a trading volume of 2,642,344 shares, compared to its average volume of 3,812,742. McDonald’s has a 1 year low of $245.73 and a 1 year high of $302.39. The company has a market cap of $194.90 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71. The business has a fifty day moving average of $279.53 and a 200 day moving average of $282.35.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.01). McDonald’s had a negative return on equity of 180.54% and a net margin of 33.36%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the company posted $2.63 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. On average, analysts predict that McDonald’s will post 12.18 earnings per share for the current year.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 1,099 shares of the firm’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 sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction on Tuesday, April 23rd. The shares were 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 SEC, which is available at this link. Also, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the sale, the insider now owns 18,075 shares in the company, valued at $5,140,168.50. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCD. Independent Wealth Network Inc. raised its holdings in shares of McDonald’s by 4.2% in the 4th quarter. Independent Wealth Network Inc. now owns 863 shares of the fast-food giant’s stock worth $256,000 after buying an additional 35 shares in the last quarter. Concentric Wealth Management LLC raised its stake in McDonald’s by 1.4% during the fourth quarter. Concentric Wealth Management LLC now owns 2,551 shares of the fast-food giant’s stock worth $756,000 after acquiring an additional 35 shares in the last quarter. Paragon Capital Management Ltd lifted its holdings in shares of McDonald’s by 2.7% during the fourth quarter. Paragon Capital Management Ltd now owns 1,374 shares of the fast-food giant’s stock valued at $407,000 after acquiring an additional 36 shares during the period. Mechanics Financial Corp boosted its stake in shares of McDonald’s by 0.7% in the 4th quarter. Mechanics Financial Corp now owns 5,331 shares of the fast-food giant’s stock valued at $1,581,000 after purchasing an additional 36 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its holdings in shares of McDonald’s by 2.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 1,268 shares of the fast-food giant’s stock worth $376,000 after purchasing an additional 36 shares during the last quarter. 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.